Enter Unistar Nuclear

Yesterday, we pointed to a press announcement about a promising joint venture in the nuclear business. Now we have more details:

Constellation Energy (NYSE:CEG) and AREVA Inc., today announced the formation of UniStar Nuclear, a joint enterprise that provides the business framework through which the first fleet of advanced nuclear power plants in America in nearly three decades could be developed and deployed.

The UniStar Nuclear model brings together in one complete package, a preeminent nuclear reactor vendor and a deeply experienced nuclear fleet licensee, operator and owner. Specifically, UniStar Nuclear will offer the business framework that could enable the development of joint ventures with Constellation Energy, other energy companies and interested parties. Those joint ventures, in turn, would license, construct, own and operate nuclear power plants as part of a standardized fleet.

My colleague Rich Bickers is on site at the Washington press conference with my iPod, so we may have some audio later. Stay tuned. For more on Unistar, click here.

UPDATE: For the archived video from the press conference click here. Click here (WAV file) for audio from the press conference. Thanks to Rich Bickers for the audio assist.

Technorati tags: Nuclear Energy Environment Energy Politics Technology Economics Constellation Energy Areva Unistar