Constellation Energy has shelved its proposal to build a new reactor at its Calvert Cliffs nuclear power plant, Obama administration officials said Friday, even though the administration had decided to award the project a $7.5 billion loan guarantee.
Senior administration officials said Constellation’s decision was "a surprise," but a Constellation Energy spokesman Larry McDonnell said that the administration’s loan guarantee terms were "unworkable" and that Constellation had told the (...)
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