"Shockingly high" financial risks doom new reactor proposal in Maryland

The New York Times' Matt Wald reports that low natural gas prices, no price on carbon dioxide emissions from fossil fuel combustion, high new reactor construction costs, and the ongoing economic recession have dimmed the nuclear power industry's hopes for a "renassiance" as one of the lead new reactor proposals -- at Calvert Cliffs nuclear power plant on the Chesapeake Bay in Maryland -- may very likely be cancelled. ClimateWire's Peter Behr declared the "nuclear renaissance" -- if not dead, then comatose, given Constellation's precipitous abandonment of Calvert Cliffs 3.