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Article: Constellation Energy and EDF Group Ink Investment Pact.

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Entertainment Close-up
Article date:
December 28, 2008
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ENTERTAINMENT CLOSE-UP-28 December 2008-Constellation Energy and EDF Group Ink Investment Pact(C)2008 - CloseUpMedia - newsdesk@closeupmedia.com

Constellation Energy and EDF Development Inc., a subsidiary of EDF, have announced a definitive investment agreement under which EDF Development Inc., will acquire a 49.99 percent interest in Constellation Energy Nuclear Group, LLC, for $4.5 billion.

Constellation Energy Nuclear Group owns 3,869 megawatts of nuclear generating capacity, which consists of the Calvert Cliffs Nuclear Power Plant in Maryland, and Nine Mile Point Nuclear Station and R.E. Ginna Nuclear Power Plant in New York. EDF Development Inc.'s ...

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