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Home / MD: Lawsuits Could Jeopardize ReactorMD: Lawsuits Could Jeopardize Reactor
Last Updated on Friday, 7 March 2008 11:33 Written by rslcpol Friday, 7 March 2008 11:33
The latest salvo came Monday as two Constellation subsidiaries filed suit against Maryland in U.S. District Court in Baltimore, seeking to recoup $386 million it was mandated to credit ratepayers resulting from a 2006 law that altered the 1999 deregulation agreement. The Baltimore energy giant’s suit followed the state’s filing last week of a pre-emptive lawsuit in Baltimore City Circuit Court against Constellation and subsidiaries Baltimore Gas & Electric Co. and Calvert Cliffs to uphold the law that requires reimbursements to ratepayers over 10 years.
The legal dispute has lawmakers worried about the fate of the third Lusby reactor, which is projected to generate millions of dollars of tax revenue for the state and Calvert County.