The construction of a new $10-billion nuclear reactor in Maryland seem to be dead after Constellation Energy told the Dept. of Energy that it is no longer interested in negotiating a federal loan guarantee to support the project.
In a letter to DOE, Constellation said it was unable to continue negotiations after it was presented with a “shockingly high estimate” of the fee the company and its joint-venture partner, Electricite de France, would have to pay to obtain the loan—$880 million.