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U.S. Nuclear Renaissance Is On Hold
October 31, 2010, 1:40 am
Filed under: News | Tags: , ,

U.S. Nuclear Renaissance Is On Hold

Critics of a U.S. Nuclear Renaissance can breathe a sigh of relief as plans to build a third nuclear reactor at Calvert Cliffs in Maryland appear to be crumbling.

From the Baltimore Sun (Excerpts):

The latest sign came last week that a revival might still be a long way off. Baltimore’s Constellation Energy Group — once widely viewed as a leader in developing new nuclear plants — abandoned that business and left its French partner to pursue a new reactor at Calvert Cliffs in Southern Maryland.

Just three years ago, the economic pieces needed to revive the U.S. nuclear industry seemed to be moving into place. Fuel prices were skyrocketing along with electricity demand. Congress appeared close to taxing carbon emissions. And new government incentives were expected to reduce the high cost of building reactors.

So far, the federal government has awarded only one loan guarantee, for a Southern Co. nuclear reactor in Burke, Ga. Many industry observers had expected Constellation to be next in line to secure a loan guarantee for a third nuclear unit at Calvert Cliffs.

But Constellation pulled out of negotiations this month with the Department of Energy over the loan guarantee, citing unreasonable and expensive terms that would have added $880 million to the cost of building Calvert Cliffs 3. Constellation, along with the Nuclear Energy Institute, contends that the formula used to calculate what companies must pay for the federal loan guarantee is flawed and needs to be fixed.

For the full article, CLICK HERE.

Baltidome does not support the expansion of nuclear energy and a third reactor at Calvert Cliffs in Maryland.  To learn more, CLICK HERE.



Baltimore Citypaper Steers Clear Of The Nuclear Debate

NO Nukes

A Baltimore Citypaper reader recently submit a letter to the editor regarding the lack of coverage of the deal between Constellation Energy and Electricite de France and their efforts for a new nuclear reactor at Calvert Cliffs.  Well Max, Baltidome hears you and wants to help you spread the word.


From the Baltimore Citypaper:

The Mail, No Nukes
Posted 11/18/2009

I went through the latest issue of City Paper looking for news of the Public Service Commission’s approval of the merger between Constellation Energy and Electricite de France. But there was none. This is a major news story, as the PSC members lacked the courage to reject a deal which will result in the building of a third nuclear reactor in Maryland.

Nuclear energy is a failed and dangerous way to produce electricity. It is a byproduct of the nuclear-weapons industry, and cannot exist without the government propping it up with favorable legislation and subsidies. Instead of the PSC telling Constellation Energy to get busy on renewable energy, it sold out the financial future of the citizens in Maryland.

The taxpayers and ratepayers cannot afford nuclear energy. Whatever reactor-cost figure is used, anywhere from $10 to $15 billion, it will be wrong, as cost overruns are a guarantee. Also guaranteed are higher rates. Many people in Baltimore, which has the highest poverty rate in the state, cannot afford current rates. How will they pay their bills when the cost of this reactor is expected to triple the rates?

People will have to make choices between paying the utility bill and buying food. Or medicine. Or paying the rent. Deregulation means never saying sorry for taking more and more money from the people. City Paper should cover this travesty.

Max Obuszewski
Baltimore



Another Step Closer To A Third Nuclear Reactor At Calvert Cliffs

Constellation, EDF Agree On Nuclear Venture Terms

Nuclear_SymbolBy BRIAN WITTE, Associated Press Writer Brian Witte, Associated Press Writer Mon Nov 2, 11:32 am ET

ANNAPOLIS, Md. – Constellation Energy Group and France’s EDF agreed Monday with conditions set by Maryland regulators to move forward with a $4.5 billion joint nuclear venture.

Constellation said it had received approval from its board and that the Baltimore-based company is “now moving to close the transaction as quickly as possible.”

EDF is seeking to acquire nearly half of Constellation’s nuclear assets. Constellation has said the joint venture with EDF will enable it to build a third reactor at the Calvert Cliffs Nuclear Power Plant in Lusby in southern Maryland to meet future energy demands.

For the full story…CLICK HERE



O’Malley Will Get Political Payoff For Support Of Nuclear Renaissance In Maryland

O’Malley Supports Constellation Deal

Governor Martin O’Malley Is Supporting A Constellation Deal That Could Lead To A Nuclear Renaissance In Maryland.

Much debate has surrounded the approval of a joint venture between Baltimore-based Constellation Energy and the French owned company Electricite de France.  Today it was announced that O’Mallery supports the deal, but wants something in exchange for his approval; a one time credit for all BGE customers that may total more than $200 per household.  The payoff to customers could come just in time for O’Malley’s re-election next year.

For more information from an article in the Baltimore Sun, CLICK HERE.



“Should a 3rd Nuclear Reactor Be Built at Calvert Cliffs?” Panel Discussion
October 20, 2009, 8:34 am
Filed under: Events, Nuclear Energy | Tags: , , , ,

“Should a 3rd Nuclear Reactor Be Built at Calvert Cliffs?’

Calvert_Cliffs

Calvert Cliffs 3 Debate/Panel Discussion, UMBC, Library Gallery, 4:00 p.m., Thursday, October 22, 2009:

  • Moderator: Dr. Stephen F. Barker, Chair of the Friends of the Library & Gallery Council
  • Panelists:
    • JOHANNA NEUMANN, State Director for Maryland PIRG, a statewide nonprofit nonpartisan consumer advocacy group.
    • J. SCOTT PETERSON, Nuclear Energy Institute’s Vice President of Communications.
  • A reception will follow this event, thanks to the Libby Kuhn Memorial Endowment.
  • The context for this event:
    The Calvert Cliffs nuclear power plant, which is owned & operated by Constellation Energy, has two 2700 MW nuclear reactors. In 2000, the Nuclear Regulatory Commission (NRC) extended the facility’s license for 20 years. In 2005, Unistar Nuclear Energy, jointly owned by Constellation and Electricite de France announced that it will build a third reactor (US-Evolutionary Power Reactor). The third reactor would help address the need for more baseload, generating power in the Mid-Atlantic region. The NRC confirmed its acceptance for technical review in June, 2008. Opponents and supporters of the proposed third reactor at Calvert Cliffs have been involved in a series of public hearings before officials of the NRC. A decision by Constellation to start construction is expected by the end of 2009.

For more information about the event, CLICK HERE.



Nuclear Renaissance

Baltimore Based Constellation Energy Aims to Activate Nuclear Renaissance.

On Friday the US Nuclear Regulatory Commission approved a partnership (the transfer of operating licenses) between Constellation Energy and Electricite de France, a French energy company.  Armed with this new vote of support from the US government, Mayo Shattuck, Chief Executive Officer of Constellation Energy, took to the airways this morning to advertise his campaign for a Nuclear Renaissance.

For folks who aren’ t as excited about the Nuclear Renaissance as Mayo Shattuck, consider switching to wind power.  If you live in Baltimore, wind power is currently cheaper than the rates you are receiving from Constellation Energy through BGE.  For more information on switching to wind power, CLICK HERE.

For an article in the Washington Post about the transfer of operating licenses, CLICK HERE.