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BEYOND NUCLEAR PUBLICATIONS

The Nuclear Retreat

We coined the term, "Nuclear Retreat" here at Beyond Nuclear to counter the nuclear industry's preposterous "nuclear renaissance" propaganda campaign. You've probably seen "Nuclear Retreat" picked up elsewhere and no wonder - the alleged nuclear revival so far looks more like a lot of running away. On this page we will keep tabs on every latest nuclear retreat as more and more proposed new nuclear programs are canceled.

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Entries from April 1, 2011 - April 30, 2011

Saturday
Apr092011

New reactor build at Calvert Cliffs, Maryland hits the wall on foreign ownership ban

The US Nuclear Regulatory Commission staff determined today that UniStar Nuclear Corporation is "ineligible" to proceed with the proposed new construction of the  Calvert Cliffs Unit 3 reactor in Lusby, Maryland because the applying corporation is determined to be 100% foreigned owned, controlled and dominated by the French government. 

The original US domestic application partner, Constellation Energy of Annapolis, MD dropped out of UniStar in October 2010 because of the mounting cost of increasingly risky financing even with an $8 billion in federal loan guarantee. Electricitie de France, now the sole owner, has been looking for a new domestic partner without success.  Foreign ownership and domination of a US reactor is prohibited under federal law via the Atomic Energy Act.

UniStar Corporation (aka the French Government) was hoping to incorporate a subcommittee of US nationals to claim compliance but has failed to convince anybody. So its back to the drawing boards.

DateApril 9, 2011 | Print ArticlePrint Article |