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French firm must find a U.S. partner. Loan guarantee issue remains a huge barrier to success. Constellation Energy ( NYSE:CEG ) sold off its nuclear future to Electricite de France ( EDF ) Oct 26 for about $250 million. The Washington Post reported the deal is composed of two parts. EDF will pay Constellation...

EDF faces serious barriers to take over the project Mark Friday October 8 th as a 'black Friday" because it may be one of the most significant reversals in the short history of the U.S. nuclear renaissance. Constellation Energy (NYSE:CEG) startled the federal government and Electricite De France...

What really happened with Calvert Cliffs? In the middle of the night early Saturday Oct 9, long after the stock exchanges had closed, Constellation Energy Group ( NYSE:CEG ) issued an angry press release that it was walking away from the Calvert Cliffs III nuclear power plant. The utility said the reason...

Utility blames feds for “unworkable” terms on loan guarantee Constellation Energy ( NYSE:CEG ) sent a letter Friday 10/8 to the Department of Energy (DOE) “that it cannot move forward” with a loan guarantee for the Calvert Cliffs III nuclear reactor project. The Washington Post reported that Constellation...

The pressure is on for the utility to make up its mind Constellation ( NYSE:CEG ) has always been upfront about its “walk away” option for the Calvert Cliff's III nuclear reactor project if the Department of Energy (DOE) loan guarantee is not awarded to it. Thanks to a vote in Congress , DOE only...

Congress fails to add $9 billion in coverage The effort by the Obama administration’s ship of state to provide federal loan guarantees to three more nuclear reactor projects hit the rocks this week. The House passed the Senate version of a supplemental appropriations bill which dropped them from the...

Areva and Bechtel will develop detailed design of the USEPR A consortium composed of Areva and Bechtel has won a contract   from UniStar to complete detailed design engineering for a proposed Areva Evolutionary Power Reactor ( EPR ) to be built adjacent to Constellation Energy's ( NYSE:CEG ...

Turns 'make v. buy' on its head Warren Buffett, who gave up on his plans to build a greenfield nuclear power station in Idaho, opted today to buy an entire nuclear utility - Constellation ( NYSE:CEG ). The utility owns and operates the Calvert Cliffs site and more importantly is aligned with...

NRC accepts UniStar's COL for a third reactor at Constellation Energy's site in Southern Maryland Record high temperatures along the U.S. east coast this week, along with the threat of brownouts from soaring demand for electricity to cool people off, have some thinking that a new nuclear reactor...

Areva EPR slated for Nine Mile Point near Oswego Constellation CEO Michael Wallace is announcing new nuclear reactors the way a magician pulls rabbits out of a hat. This week he said says the firm will build a new nuclear reactor in upstate New York. Wait, isn't New York home to anti-nuclear Governor...

AREVA's EPR will be basis for multiple plants in the U.S. market The New York Times reports that the French nuclear electric utility Electricite de France (EDF), the world's largest nuclear operator, has signed a partnership to build and own nuclear plants in the U.S. and Canada. The partner in this...