Constellation goes nuclear

US utility Constellation Energy expects to overtake its rivals in the permits and licencing process for a fleet of new nuclear power plant reactors in the US, says Michael Wallace, president of Constellation.

The company wishes to take advantage of the 'risk insurance' that the US government is providing for the first six new reactors to be built in the US.

Under the new US energy bill that was approved in August, companies will get loan guarantees for new power reactors. This is in addition t