Constellation moves for quick resolution

Constellation moves for quick resolution

15 October 2010

Electricité de France (EdF) may pursue Calvert Cliffs 3 alone, after Constellation offered a cut-price sale of its interest in the project.

Calvert Cliffs 1 and 2

A letter today from Constellation chairman Michael Wallace to EdF's finance head Thomas Piquemal made the offer of a sale of its total interest in Calvert Cliffs 3 for just $117 million. This figure represents Constellation's contribution to general development work to prepare the Areva EPR for deployment in America. Wallace noted that this compares to some $817 million invested by both companies in the Calvert Cliffs 3 project overall. More at link.http://www.world-nuclear-news.org/C_Constellation_moves_for_quick_resolution_1510104.html

Related articles

• "EDF offer unlikely to revive Calvert Cliffs project" and related posts (weblogs.baltimoresun.com)
• Constellation ends Calvert Cliffs reactor DOE loan process (reuters.com)
• Constellation Energy says loan backstop too costly (dailycaller.com)
• EDF looks for way forward with US nuclear project (reuters.com)
• EDF Wants to Add Nuclear Plants, Forgo Old U.S Units (businessweek.com)