“I certainly would like to see more nuclear plants built in our country,” O’Malley told reporters after he toured the plant with Constellation Energy executives whom he had been battling in court until last month. Conservation and new generating capacity are needed to supply the energy Maryland and the nation will need, he added.
Constellation Vice Chairman Mike Wallace told The Examiner that ground could be broken for a new reactor as early as December if federal loan guarantees can be obtained. The company already has applied for the federal and state permits needed to construct the plant. Wallace said the new reactor could be generating power by late 2015 or early 2016.
It would be the first new nuclear plant built in the United States in 30 years.
“There are a lot of regulatory hurdles that need to be crossed,” O’Malley said. But with last month’s signing of legislation to settle the lawsuit between the state and the utility company, he said, “the hopes for another reactor here are much higher.”
O’Malley said the new plant would not provide any relief for rising electricity rates, such as the 7.6 percent increase expected this summer. “The answer is going to be new generating capacity,” including possibly publicly owned plants.
“We do hope that the addition of nuclear [capacity] will help consumers over the long term,” Constellation Chairman Mayo Shattuck said. “We need a blended mix of power sources.”
Johanna Neumann, state director of the Maryland Public Interest Research Group, remained skeptical. “Is nuclear power really safer, cleaner, more affordable, more secure?” Neumann asked. “I’m not convinced. We know it can’t address our short term energy needs.”
The group produced a report last year rejecting the building of the new plant.
The report said the cost estimates for nuclear plants — more than $2.5 billion at Calvert Cliffs — are notoriously inaccurate, and don’t take into account hidden costs such as the disposing of the spent radioactive fuel and the eventual decommissioning of the plant.
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Ok, won't be that bad.
But when, not if, but WHEN Constellation spins off BGE, we're going to be in trouble. Constellation would have more freedom to be acquired and/or move wherever they like. And of course free up some nice vacant real estate in Baltimore City. Oh, and take those highly compensated brokers with them. I bet they'll go to Connecticut. Stamford seems like a logical place. Another location for Constellation might be Northern VA. Still on the 95 corridor; still close enough for Shattuck's wife to be a Ravens cheerleader, etc. Another potential location where Constellation will end up is in the Denver area. Makes more sense to be centrally located when on the world stage (allowing more day-time talk to China and still be close to NY and close enough to the European markets).
Say bye-bye. Thanks Owe'Malley.
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I'm appalled at O'Malley's stupidity.
What does this idiot think? That since Constellation is based in Maryland, a money-losing subsidiary should lose more money by offering discounts to Maryland residents? Such a requirement violates the Commerce Clause of the US Constitution. AND it violates Maryland law (transfer-pricing rules).
But since when do we expect O'Malley to know anything about the law? What an idiot. He should resign. Immediately.
O'Malley is ruining our state. This our state; not his.
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