Unlike other utilities that have submitted Early Site Permit and Combined Operating License (COL) applications that allow utilities to get permission to build without actually making the decision to build, the Constellation application is a direct build application. This is a very bold move. It is probably because of the competition among utilities to qualify for the significant benefits included in the Energy Policy Act of 2005. To date, four other companies have asked for early site permits from the NRC, and two have been approved.
Constellation has an agreement with Electricite de France (EdF), which will make an initial investment of $350 million in a joint venture and invest up to $275 million later to develop nuclear plants in the U.S. and Canada. EDF is the largest electricity producer in Europe. It has operated 58 nuclear plants for more than 20 years. AAEA supports this project. (Wash Post)