Monday, October 11, 2010

Constellation rejects loan guarantee terms

In a blow to Calvert Cliffs that puts a dark cloud over US new build plans, Constellation has revealed that the DoE would charge fees of 11.6% of the loan amount - in its case some $880 million. The charge would come in addition to interest on loans and, Wallace said, "would clearly destroy the project's economics, or the economics of any nuclear project for that matter."...
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