Constellation’s cancellation

The nuclear renaissance in America has just taken a hit as the power company, Constellation Energy, gives up on its proposed nuclear plant on the Chesapeake Bay. Influenced by the condition of the economy as well as government regulation, it is observed that companies are now moving away from the nuclear alternative of electricity to rely more on non-nuclear sources such as gas, coal, and wind. Although this means that the establishment of nuclear plants is not increasing rapidly, some power companies are still pushing forward for approval. Let’s see what happens.