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The construction of a new $10-billion nuclear reactor in Maryland seem to be dead after Constellation Energy told the Dept. of Energy that it is no longer interested in negotiating a federal loan guarantee to support the project.
The construction of a new $10-billion nuclear reactor in Maryland seem to be dead after Constellation Energy told the Dept. of Energy that it is no longer interested in negotiating a federal loan guarantee to support the project. In a letter to DOE, Constellation said it was unable to continue negotiations after it was presented with a “shockingly high estimate” of the fee the company and its joint-venture partner, Electricite de France, would have to pay to obtain the loan—$880 million. “Such a sum would clearly destroy the project’s economics (or the economics of any nuclear project for that matter),
Recession has not been good for the construction industry, but it’s helping to keep workers’ compensation rates down, say insurance and contractor executives. In the year that ended last June, 28 states filed for rate decreases, while nine filed for increases, says Peter Burton, senior division executive for state relations for the National Council on Compensation Insurance. Related Links: Economics: With Margins Cut to the Bone and No Demand, Costs Are Left With Nowhere To Go Market: More Bad Economic News Dims Industrys Confidence Cement: New EPA Regs Pose Cost Problems Labor: Wage Settlements Are Between A Rock and a
Pepco, the electric utility that serves Washington, D.C., and its Maryland suburbs, will spend $256.5 million over the next five years to accelerate planned improvements to its distribution system after it struggled to recover from a severe thunderstorm in late July. More than 322,000 Pepco customers lost power after the storm; the company took five days to restore the power. The utility added $115 million to a planned system reliability upgrade after executives were grilled by the Maryland Public Service Commission about their response to the July storm and back-to-back snowstorms in February. Earlier this month, Pepco asked state regulators
Solar developer Albiasa Corp., the San Francisco unit of a Spanish firm, has teamed with Hawaii-based developer Pacific Light and Power to build a small but more reliable utility-scale project on Kauai. The 10-MW project also will be the state’s largest solar project, company officials say. Photo: Pacific Light & Power Project will use proprietary solar- capture technology to boost efficiency and cut costs. The $70-million project will use Albiasa’s “concentrated” solar technology but will add other processes developed by joint-venture partner Ram Power Inc., Reno, Nev., to extend power production to the early and later parts of the day
Rising medical costs are driving up workers’ compensation costs despite the success of safety programs in reducing the frequency and severity of construction accidents. “There are a number of competing factors affecting rates,” says Mary Ann Krautheim, client strategy officer for Aon Risk Services’ Construction Services Group, Boston. Incident rates are dropping because of increased safety measures, as well as a drop in the labor force due to the recession. Lost-time payments are declining, but the cost of claims is rising. “Medical inflation is countering the positive trends,” Krautheim says. “So it’s a push-pull relationship.” Related Links: Competition Intensifies as
田纳西河谷管理局(Tennessee Valley Authority)在煤炭燃烧的动力装置上进行了第二次泄漏,这次是从阿拉巴马州东北部寡妇溪化石厂的石膏池塘中的。该事件促使参议员芭芭拉·拳击手(D-Calif。)于1月13日宣布,她计划寻求联邦对美国转变石膏的煤灰池的监管,使盖帽盖上了30英寸。TVA发言人约翰·莫尔顿(John Moulton)说,曾经用来从石膏池塘里排出水进入一个相邻沉降池塘的管道。帽子掉下来后,石膏池塘里的水流入沉降池塘,
Twenty-five years after the first college-level program earned legitimacy through accreditation, construction education is feeling the highs and lows of maturity.