Leaning on loan guarantees

摘要

In October, Constellation Energy pulled out of negotiations for a US $7.5 billion US federal loan guarantee to build a new nuclear reactor in the state of Maryland, Calvert Cliffs 3. Constellation and French utility EDF had formed a joint venture, UniStar, to pursue a design certification for EDF's Evolutionary Power Reactor (EPR) with state-owned French reactor designer Areva. Jointly they would construct Calvert Cliffs 3 under the US NRC's Part 52 combined construction and operating license rule.