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OWNER PROFILE<br />
“To sail with our adult kids,<br />
who learned on a Sunfish<br />
and chartered with us all<br />
over the Caribbean, was<br />
priceless," Mike says.<br />
"It was a life bonding<br />
experience for all of us.<br />
For those six days the world<br />
really was our <strong>Oyster</strong>.<br />
”<br />
62 www.oystermarine.com<br />
Mike Wallace is Optimistic continued<br />
faith, leadership, and service. They are<br />
both strong believers in a Jesuit education.<br />
"There’s an old saying, to whom much is<br />
given, much is expected," Wallace says.<br />
"Vicki and I are so blessed. Life has been<br />
good. I feel obligated to use whatever I<br />
have that is helpful."<br />
Wallace signed a three year contract with<br />
Constellation and became responsible for<br />
78 electric generating units (three of<br />
them nuclear) and 4000 employees<br />
stretching from California to Pennsylvania.<br />
He bought additional units, finished others<br />
under construction, and that three-year<br />
contract is now in its seventh year. His<br />
participation in the network of national<br />
nuclear security organizations began about<br />
the same time. He has no regrets. "I love<br />
what I’m doing," he says. "But `satisfaction’<br />
doesn’t describe it. I’m caught by a sense<br />
of responsibility to make a difference if I<br />
can. Not to be soapy, but it’s for the good<br />
of the country. If I can help make nuclear<br />
power a reality, I don’t want to leave the<br />
business sooner than I have confidence<br />
that’s happened."<br />
Wallace’s, and Constellation’s, most<br />
significant project is the plan for Unit #3,<br />
a brand new, 1600-megawatt reactor at<br />
Maryland’s nuclear plant at Calvert Cliffs,<br />
on Chesapeake Bay. It would be one of<br />
the biggest reactors in the world. Wallace<br />
predicts they will break ground for Unit #3<br />
in the first quarter of 2009, and have the<br />
plant operational in 2016. If he’s right,<br />
it will be the first new nuclear plant built<br />
in America in 30 years.<br />
Thanks in part to global warming, and the<br />
urgent need to control carbon emissions,<br />
several leading environmentalists have<br />
come over to nuclear power.<br />
Former critic, Dr. Patrick Moore, a founder<br />
of Green Peace, is now a nuclear<br />
proponent, and friend of Wallace’s.<br />
James Lovelock, the British biologist who<br />
is considered a world leader in<br />
environmental consciousness, has stated:<br />
"There is no sensible alternative to nuclear<br />
power if we are to sustain civilization."<br />
Public perception about the horrors of<br />
radioactivity has been tempered by<br />
statements like Lovelock’s, and calmed<br />
by millions of accident-free hours of<br />
104 U.S. plants, and many more abroad.<br />
Mayo Shattuck, CEO, President, and<br />
Chairman of Constellation Energy, says<br />
nuclear energy is about anticipating what<br />
can go wrong. "This is an industry where<br />
most of the focus is inside the box,<br />
literally and figuratively," Shattuck says.<br />
"And Mike Wallace is one of the most<br />
prominent managers and leaders in this<br />
world. He’s one of the last people in the<br />
business who built plants 30 years ago.<br />
Mike is a crusader in the development of<br />
new nuclear options. If we are successful<br />
building a new nuclear plant in the United<br />
States, that will be an incredible legacy for<br />
Mike Wallace."<br />
In 2006, all the Wallaces – Mike, Vicki,<br />
son Shawn (32), and daughter Amy (30)<br />
– made a six-day passage on Arbella from<br />
the Abacos to Annapolis. "To sail with our<br />
adult kids, who learned on a Sunfish and<br />
chartered with us all over the Caribbean,<br />
was priceless," Mike says. "It was a life<br />
bonding experience for all of us. For those<br />
six days the world really was our <strong>Oyster</strong>."<br />
When Unit #3 becomes a done deal, you<br />
can bet Mike and Vicki Wallace will go<br />
sailing. He’s optimistic about it.