 |
| Calvert Cliffs Nuclear Plant |
From Bloomberg - A U.S. loan-guarantee program is testing how much risk the Obama administration is willing to take to revive the nuclear-power industry. Constellation Energy Group Inc. said last week it was pulling out of talks on a $7.5 billion loan guarantee to build a reactor at its Calvert Cliffs facility in Maryland. The estimated $880 million the company would have to pay the Treasury Department was “shockingly high,” Chief Operating Officer Michael Wallace said in an Oct. 8 letter to the Energy Department. The administration offered terms no better than Constellation could get from private investors, said Christine Tezak, a senior energy and environment analyst for Robert W. Baird & Co., a Milwaukee-based brokerage. Read more here:
Posts
0 comments:
Post a Comment