http://onlinejournal.com/artman/publish/article_6445.shtmlMaryland’s Calvert Cliffs nuke project is on the brink of cancellation. It’s potentially one of the most critical atomic failures in decades.
But financial markets love the nuke’s demise. The stock of its American partner -- Constellation Energy -- has soared with the apparent death of a project widely feared as a huge money-loser.
Just 40 miles south of the White House, George W. Bush hailed Calvert Cliffs in 2005 as the shining symbol of a “reactor renaissance.” In partnership with EDF, the French national utility, Constellation jumped high in the line for a share of the $18.5 billion Bush earmarked for federal loan guarantees to finance new reactors
(its more then 40 miles)
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Ironically, the nuclear industry set up the failure. A decade ago it fought to deregulate electric markets. In about two dozen states -- including Maryland -- it forced ratepayers to eat some $100 billion in “stranded” reactor costs in preparation for “free competition.”
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However it plays out, Constellation has dealt a body blow to the nuclear renaissance. According to the New York Times, Bush’s 2005 visit to Calvert Cliffs was the first by any president to a US reactor site in 30 years (except for Jimmy Carter’s harried trip to the control room of Three Mile Island during its 1979 meltdown).
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good. I hated it when they built the thing. that was a beautiful part of the county.
now its a nuclear toxic dump - for ever