MD needs taxes from Constellation deal
By Ed Stoltz, V.P. Constellation Energy
September 15, 2009
The economic urgency of completing Constellation Energy's nuclear joint venture with EDF Group was underscored by Gov. Martin O'Malley's comment last week that the state budget may need to be cut by another $100 million to $200 million.
This joint venture represents Maryland's best chance to bring enormous private investment to the state through the potential development of a new nuclear plant. In addition to addressing Maryland's critical, long-term energy needs and securing thousands of future jobs, the EDF transaction could help replace state tax revenue lost as consumers and businesses curtail spending in the face of a crippling recession. Read more...