UniStar Nuclear Energy Seeks Maryland Public Service Commission Approval for New Nuclear Facility at Calvert Cliffs
November 15 2007 - 12:58PM
PR Newswire (US)
Additional generating capacity would help Mid-Atlantic region,
including Maryland, meet future energy demand through clean,
economic power BALTIMORE, Nov. 15 /PRNewswire-FirstCall/ -- UniStar
Nuclear Energy (UNE), a joint venture between Constellation Energy
(NYSE:CEG) and The EDF Group (EDF), has submitted an application to
the Maryland Public Service Commission (PSC) for a Certificate of
Public Convenience and Necessity (CPCN) for the potential
construction of a new nuclear unit at Constellation Energy's
Calvert Cliffs Nuclear Power Plant in Southern Maryland. While UNE
has not made a final decision to build this new advanced-design
reactor at Calvert Cliffs, it has submitted the CPCN to the PSC as
a step toward potential construction of a non-greenhouse gas
emitting, base-load, 1,600-megawatt generating facility to meet
increasing energy demand in the Mid-Atlantic region, and in
particular, the state of Maryland. "A third reactor at our
high-performing Calvert Cliffs site offers the potential for an
economic and environmentally sound means to provide additional
base-load electricity to meet anticipated growth, both regionally
and within the state of Maryland," said Michael J. Wallace,
executive vice president, Constellation Energy and chairman, UNE.
"Given the extreme volatility of energy prices worldwide and the
significant environmental costs associated with new and anticipated
regulation governing coal-fired generation, we believe nuclear
energy affords our nation the most economic and environmentally
friendly alternative to meet what will no doubt continue to be
increasing demand for energy." Wallace noted the ultimate decision
to build a third reactor at Calvert Cliffs will not be made until
the overall economics and risks associated with the project are
better defined. Factors include the availability and cost of
federal loan guarantees, and state and local fiscal policies that
affect the tax treatment of the proposed plant. In addition to
potential third reactor at Calvert Cliffs, Constellation Energy's
Nine Mile Point nuclear facility in upstate New York also is under
consideration by UNE as an attractive location for the first of
four advanced design reactors using AREVA Inc.'s U.S. Evolutionary
Power Reactor (EPR) technology. UNE announced plans in July 2007 to
develop, own and operate a fleet of U.S. EPR's, which use an
advanced design technology featuring additional redundant safety
systems and higher efficiency. The CPCN submittal is yet another
step in the regulatory process, which also provides opportunities
for public comment. The CPCN application notes the proposed Calvert
Cliffs reactor is supported by the Calvert County (Maryland) Board
of County Commissioners, which cited "trust in the regulatory
process and oversight and Constellation Energy's commitment to
safety and environmental stewardship." The board estimates a third
nuclear unit at Calvert Cliffs would add $20 million in annual tax
revenue, which could be used to fund schools, roads, law
enforcement and police and fire services. UNE is requesting a PSC
decision on the CPCN application by December 2008 to pave the way
for preliminary, non-safety-related work that can be completed
prior to required federal approvals. The application notes that a
third reactor at Calvert Cliffs would use a hybrid cooling tower
designed to eliminate any visible water plume from the tower
itself. In parallel with state regulatory reviews, UNE is seeking
approval from the U.S. Nuclear Regulatory Commission (NRC) to
license and operate a proposed third unit. UNE submitted a partial
Combined License Application to the NRC in July 2007 and plans to
submit the remainder of the application by March 2008. UNE
(http://www.unistarnuclear.com/), based in Baltimore, is powering
the nuclear renaissance in North America through industry
leadership, disciplined business practices and effective
risk-management. UNE provides the licensing, construction and
operating services to support the expansion of clean, safe and
sustainable nuclear energy in the United States. Constellation
Energy (http://www.constellation.com/), a FORTUNE 125 company with
2006 revenues of $19.3 billion, is the nation's largest competitive
supplier of electricity to large commercial and industrial
customers and the nation's largest wholesale power seller.
Constellation Energy also manages fuels and energy services on
behalf of energy intensive industries and utilities. It owns a
diversified fleet of 78 generating units located throughout the
United States, totaling approximately 8,700 megawatts of generating
capacity. The company delivers electricity and natural gas through
the Baltimore Gas and Electric Company, its regulated utility in
Central Maryland. The EDF Group, one of the leaders in the energy
market in Europe, is an energy specialist that is active in all the
businesses of electricity: production, transport, distribution,
energy supply and trading. The Group is the leading electricity
producer in Europe. In France, it has mainly nuclear and hydraulic
production facilities where 95 percent of the electricity output
involves no CO2 emissions. EDF operates over 1,200,000 km of low
and medium voltage overhead and underground electricity lines and
around 100,000 km of high and very high voltage networks. The Group
is involved in supplying energy and services to close to 40 million
customers around the world, including more than 28 million in
France. The Group generated consolidated sales of euro 58.9 billion
in 2006, of which 42 percent was in Europe excluding France. Net
income (Group share) stood at euro 5.6 billion, with net income
from ordinary operations at euro 4.2 billion. EDF is listed on the
Paris Stock Exchange and is a member of the CAC 40 index.
DATASOURCE: Constellation Energy; UniStar Nuclear Energy CONTACT:
Maureen Brown or Lori A. Vidil, +1-410-470-7433, both for
Constellation Energy and UniStar Nuclear Energy Web site:
http://www.constellation.com/ http://www.unistarnuclear.com/
Company News On-Call: http://www.prnewswire.com/comp/084087.html
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