Maryland regulators OK 1,600 MW nuclear power plant

30 June 2009 — The Maryland Public Service Commission approved a proposed 1,600 MW European pressurized reactor (EPR) at Calvert Cliffs in southern Maryland. It would be the third nuclear power reactor at the site.

The application for the proposed nuclear energy facility was submitted by UniStar Nuclear Energy, a joint venture of Constellation Energy and EDF Group.

Maryland regulators also asserted June 11 they have authority to review Constellation’s proposed 49.99 percent sale of three nuclear reactors to EDF. Constellation argues that state regulators lack jurisdiction because the asset sale would have no material effect on Baltimore Gas & Electric, Constellation’s regulated Maryland utility.

“Simply put, Constellation Energy’s potential investment in a new nuclear facility at Calvert Cliffs 3 and the successful close of the Constellation-EDF joint nuclear venture are inseparable,”said Michael J. Wallace, vice chairman and chief operating officer of Constellation Energy and chairman of UniStar Nuclear Energy.

On May 19, the Calvert Cliffs project was selected by the U.S. Department of Energy as one of four projects to enter final due diligence and detailed negotiations for a portion of $18.5 billion in federal loan guarantees for advanced nuclear projects. Receipt of a conditional loan guarantee commitment by the end of 2009 would position UniStar to make a final decision to proceed with the project.

Related ARticles of Interest
DOE narrows list of nuclear project favorites
Five nuclear plants on DOE’s short list
Constellation, EDF enter investment agreement

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