Actually, Electricite de France (EDF) and Constellation Energy have been working together for awhile, including as partners in UniStar . But this is a different venture, lately approved by the Maryland Public Service Commission and, let us say, spectacularly good news: EDF is seeking to acquire nearly half of Constellation's nuclear assets. Constellation has said the joint venture with EDF will enable it to build a third reactor at the Calvert Cliffs Nuclear Power Plant in Lusby in southern Maryland to meet future energy demands. The Maryland Public Service Commission included several conditions to approving the deal on Friday in the venture's last regulatory hurdle. The U.S. Nuclear Regulatory Commission approved the deal last month. As one of the conditions, the PSC set a one-time, $110.5 million credit for customers of Baltimore Gas and Electric, a subsidiary of Constellation that is regulated by the commission. The credit will amount to about a $100 break f...
Former blog for NEI featuring news and commentary on the commercial nuclear energy industry. Head to NEI.org for the latest blog posts.