EDF & Constellation Join Forces
Posted by Edward G. Lanza on 20 Jul 2007 | Tagged as: Electric, Energy, Nuclear, International
French state-controlled energy giant EDF said Friday it had agreed to create a joint venture with US peer Constellation Energy to operate new nuclear power plants in the United States.
The companies are to form a jointly-owned nuclear holding company into which EDF will invest a maximum 625 million dollars (865 million euros), while Constellation will contribute assets from its UniStar Nuclear business.
Constellation has also agreed to upgrade four of its existing US nuclear power stations with next-generation European atomic energy technology.
