CEO Mayo Shattuck

HOUSTON (Reuters) - Two companies leading the U.S. nuclear power revival may curb spending on the next generation of reactors due to delays in federal loan support, officials said. The Energy Department has had little to say in the five months since President Barack Obama announced the first nuclear loan commitment of $8.3 billion to a Southern Co-led consortium for two new reactors to be built in Georgia. The U.S. House of Representatives has approved the Obama administration's request to...Read Full Story

BANGALORE ( Reuters ) - Power company Exelon Corp <EXC.N> is to buy rival Constellation Energy Group <CEG.N> for $7.9 billion, the latest in a series of deals in a fragmented U.S. utility industry that faces new costs to upgrade power grids and meet environmental controls. Recent deals include Duke Energy 's <DUK.N> $13.7 billion bid for Progress Energy <PGN.N>, Northeast Utilities ' <NU.N> $4.2 billion buy of NSTAR <NST.N>, and AES Corp 's <AES.N> $3.5 billion offer for DPL Inc <DPL.N>. On...Read Full Story

As I mentioned before, sport legends not just measured by the achievements from the field. Coach, manager, founder and director of a team, or commissioner of a league, also can change the course of a sport history, thus can be categorized as a sport legends too. Now, let me introduce you to Mayo Shattuck , a notable American businessman, and currently Chairman and CEO of Baltimore-based Constellation Energy. As an avid golfer, Mr. Shattuck has been ranked in the Top 10 of Golfing CEOs...Read Full Story

French electricity generator EDF said Saturday it was shocked and disappointed that Constellation Energy has decided to pull out of a project to build a nuclear power plant in the US state of Maryland . "EDF is extremely disappointed and shocked to learn that Constellation has unilaterally decided to withdraw from the Calvert Cliffs 3 project," the company said in a statement. Earlier, Constellation Energy had said it was unable to obtain a workable US federal loan guarantee for their joint...Read Full Story

Constellation Energy Group Inc. says it won't tap a government program necessary to build a new nuclear plant in Maryland , in a move likely to kill the project, according to a published report on Sunday. The U.S. Department of Energy 's loan guarantee came with "unworkable" terms and an "unreasonably burdensome" cost, Constellation said Saturday, according to a report by The Wall Street Journal . The Baltimore -based utility said it made several attempts to reach a deal with the Energy...Read Full Story