Monday, September 3, 2012

Calvert Cliffs nuclear power project facing 60-day deadline

Once promoted as the vanguard of a "nuclear renaissance," a proposed new reactor at the Calvert Cliffs nuclear power plant in Southern Maryland now faces a major new roadblock, with federal regulators threatening to shelve the troubled $9.6 billion project unless the French-controlled developer comes up with a U.S. partner in the next two months.

The ruling Thursday by the Atomic Safety and Licensing Board was not unexpected, as the board's parent Nuclear Regulatory Commission had warned Unistar Nuclear Energy more than a year ago that it could not get a license for the Maryland reactor without a U.S. partner. Federal law prohibits foreign ownership or control of a U.S. nuclear plant, and Unistar is owned by the French energy group EDF.

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