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By MATTHEW L. WALD
Published: April 19, 2011
"The company planning the largest nuclear project in the United States, two giant reactors in South Texas, announced on Tuesday that it was giving up and writing off its investment of $331 million after uncertainties created by the accident in Japan."
"It is the second of the four to die; Calvert Cliffs 3, in Maryland, seems unlikely at this point, because Constellation Energy could not reach financial terms with the Energy Department. The department has granted a conditional loan guarantee to one project in Georgia and may give another to a project in South Carolina."
The South Texas Project “may have been on the fence already, and Fukushima pushed it over,” Mr. Zielinski said.
Tom Smith, an organizer in Austin with Public Citizen and a longtime campaigner against the project, cited higher construction costs and uncertainty after the Fukushima accident.
“The wheels are starting to fall off the nuclear renaissance,” he said.