Maryland regulators approve Calvert Cliffs nuclear plant

Baltimore, Md., June 29, 2009 — On Friday, June 26, the Maryland Public Service Commission (PSC) issued a final order approving an application for a Certificate of Public Convenience and Necessity (CPCN) for a proposed new nuclear energy facility at Calvert Cliffs in Lusby, Md. The application was submitted by UniStar Nuclear Energy, LLC (UniStar), a joint venture of Constellation Energy and EDF Group.

The CPCN addresses the environmental and reliability impacts of the proposed nuclear energy facility, including air, water, wetlands and cultural and historic impacts. UniStar’s proposed project has been the subject of numerous public hearings since the submission of the CPCN application to the PSC in November 2007. In April, a hearing examiner assigned by the PSC issued a proposed order approving UniStar’s application.

The announcement provides greater momentum for UniStar’s potential new reactor at Calvert Cliffs as well as its planned fleet of U.S. EPR reactors at selected sites throughout the United States. On May 19, UniStar announced that its Calvert Cliffs Unit 3 project was selected by the U.S. Department of Energy as one of four projects to enter the final phase of due diligence for a portion of $18.5 billion in federal loan guarantees for advanced nuclear projects.

Receipt of a conditional loan guarantee commitment by the end of 2009 would position UniStar to make a final decision to proceed with the project. On June 1, Bechtel Construction Company and the Building and Construction Trades Department, AFL-CIO, the National Construction Alliance II and all affiliated international unions announced the approval of a Project Labor Agreement for the construction of Calvert Cliffs Unit 3.

The 1,600 MW reactor will be built next to Constellation Energy’s existing Calvert Cliffs facility.

In parallel with state regulatory reviews, UniStar is pursuing approval from the U.S. Nuclear Regulatory Commission to license and operate the proposed new facility. UniStar’s Combined License Application is currently under review by the NRC.

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