EDF and Constellation formed UniStar to develop new nuclear plants in the United States, including the third unit at Calvert Cliffs. But Constellation pulled out of negotiations in October with the Department of Energy over a federal loan guarantee considered crucial for financing the $9.6 billion reactor, throwing the project into doubt. By selling its half-stake in Unistar, Constellation abandoned that business, leaving EDF to pursue Calvert Cliffs 3 on its own.
|Calver Cliffs Nuclear Plant|
A final decision on the license for Calvert Cliffs 3 is not expected to be made until at least mid-2012. (Energy Central, 12/9/2010)