Maryland regulators have offered conditional approval to let Constellation Energy Group join with French energy giant, EDF, in a $4.5 billion-dollar deal the two companies have argued is critical to building the nation's first new nuclear reactor in nearly 30 years.
The state's Public Service Commission ruled that with several conditions - including rebates of roughly $100 for each Baltimore Gas and Electric ratepayer - the merger amounts to a good deal for Maryland residents.
Constellation and EDF have one week to agree to the state's conditions.
Making the approval contingent on rebates and other measures amounts to a minor victory for Gov. Martin O'Malley -- one that he will almost surely incorporate into stump speeches as he campaigns for re-election next year.
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5 comments:
I can't believe the State of Maryland actually doing something that makes sense. I smell a rat, just don't trust those folks in Annapolis.
It will be 30 more years of lawsuits by the environazies and there still will not be a power plant.
Wake up people, this isn't about green, clean, or global warming, this is all about attacking capitalism and freedom.
Do you want this here on the eastern shore?
Why $100 rebates for customers?
You mean the Dems would consider energy other than wind or solar?
Properly operated,nuclear power plants are far more efficient and cleaner than coal fired plants and other fossil fuel generated power.
Gas is colorless,odorless and kills thousands annually,but we still pump it into our homes.Yet you mention the word "nuclear" and people panic.
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