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• Constellation Energy Reports 2009 Numbers

  Year-over-year GAAP results primarily reflect the 2009 gain on the EDF transaction, as compared to merger-related costs and impairment losses incurred during 2008 - By Stephen Heiser Constellation Energy has reported adjusted earnings of $3.36 per share for the full year 2009, compared to $3.57 per share in 2008. Adjusted earnings exclude the cumulative effects of changes in accounting principles, discontinued operations and special items (which are defined as significant items that are not related to our ongoing, underlying business or which distort comparability of results). On a generally accepted accounting principles (GAAP) basis, the company earned $22.19 per share in 2009, as compared to a loss of $7.34 per share in 2008. Year-over-year GAAP results primarily reflect the 2009 gain on the EDF transaction, as compared to merger-related costs and impairment losses incurred during 2008. ... Posted Feb 24 2010, 08:03 AM by steveheiser with | with no comments Filed under: earnings, financials, Constellation Energy , EDF, report, 2010, constellation, 2009, electricite de France, full year, fy, share

• Two Constellation Energy Projects Named Best In New England By AEE

  Constellation Energy is honored that our energy projects have been recognized by the Association of Energy Engineers - By Linton Levy - Constellation Energy has announced that the Association of Energy Engineers New England Chapter (AEE-NE) named two of the company’s energy projects as the best in New England in 2010. Constellation Energy’s solar installation at Patriot Place was named the best renewable energy project in New England, and the energy conservation program implemented by Constellation Energy for Bristol Community College topped the list of energy projects at colleges in New England. ... Posted Feb 19 2010, 08:20 AM by steveheiser with | with no comments Filed under: Constellation Energy , EDF, AEE, ENERGY, nuclear, power, association of energy engineers

• EDF Appoints Team To Support CEO

  The EDF Group has set up a new Senior Management team focused around Henri Proglio - By Mark McFadden - The EDF Group's Executive Committee (COMEX) now consists of: - Henri Proglio, President and Chief Executive Officer, - Daniel Camus, Group Executive Vice President in charge of International Activities and Strategy, - Pierre Lederer, Group Executive Vice President in charge of Supply, - Hervé Machenaud, Group Executive Vice President in charge of Generation and Engineering, - Jean-Louis Mathias, Group Executive Vice President in charge of the coordination of French activities and Human Resources, - Thomas Piquemal, Group Executive Vice President in charge of Finance, - Bernard Sananès, Group Vice President, Communication and Public and European Affairs, - Alain Tchernonog, Corporate Secretary. ... Posted Feb 16 2010, 08:35 AM by steveheiser with | with no comments Filed under: EDF, executive appointments, ENERGY, nuclear, power, Electrcite de France, CEO, Henri Proglio, proglio

• EDF: Solid 2009 Results Despite Difficult 2009 In France

  EDF Energy initiated a sales process relating to the divestment of land potentially suitable for new nuclear build in the United Kingdom, according to the conditional commitment with the Nuclear Decommissioning Authority (NDA) - By Chris Smith - EDF's 2009 profit grew 23 percent, which was more than expected. The acquisition of British Energy had some analysts predicting lower numbers. EDF is predicting significant growth in 2010 as it strives to bring its nuclear portfolio back up to speed. ... Posted Feb 12 2010, 08:44 AM by steveheiser with | with no comments Filed under: Constellation Energy , EDF, forecast, British Energy, ENERGY, nuclear, power, 2010, finacials, results, 2009, profit, electricite de France, acquisition

• AREVA And EDF Reach Accord On Spent Nuclear Fuel Management

  The agreement lays down the conditions for applying the framework agreement of December 19, 2008, which sets the principles of a long-term partnership for operations of treatment-recycling of used fuel, and reprocessed fuel fabrication (MOX1) - By Stephen Heiser - AREVA and EDF have reached an agreement covering the transportation, treatment and recycling of used nuclear fuel, for which a contract will be signed before the end of the first quarter of 2010. ... Posted Feb 09 2010, 08:50 AM by steveheiser with | with no comments Filed under: uranium, AREVA, MOX, EDF, spent fuel , Plutonium, ENERGY, nuclear, power, fuel, Electrcite de France, mixed oxide

• Westinghouse Opens European Pump And Motor Maintenance And Repair Center

  "With this major investment, Westinghouse reaffirms its commitment to pursue its development in Nivelles for better support to its customers to provide clean, safe and reliable energy in Europe." - By Stephen Heiser - Westinghouse Electric Company, the world's pioneering nuclear company, has inaugurated its European Pump and Motor Maintenance and Repair Center here to provide tailor-made solutions for its nuclear energy customers in Europe. ... Posted Jan 29 2010, 08:50 AM by steveheiser with | with no comments Filed under: Westinghouse, EDF, Europe, ENERGY, nuclear, power, pump, maintainence, motor, belgium

• Draft Law: EDF To Sell A Third Of Nuclear Power To Competitors

  The price will reflect the economic conditions” of EDF’s existing nuclear reactors and “all of the costs” of operating them will be calculated by the regulator, according to the document - Edited by Chris Smith - According to a report by Bloomberg, Electricite de France SA, (EDF... Posted Jan 21 2010, 08:20 AM by steveheiser with | with no comments Filed under: EDF, Europe, legislation, competition, ENERGY, nuclear, power, Electrcite de France, law, draft

• EDF, EnBW and E.ON Finalize Contracts

  EDF, EnBW and E.ON concluded final agreements on a swap of electric drawing rights and generation assets - By Stephen Heiser - EDF and Charbonnages de France completed the sell to E.ON of their stake in SNET EDF, EnBW, a German energy supplier jointly controlled by EDF, and E.ON have announced they have completed the agreements signed on September 30 on a swap of electric drawing rights and generation assets between France and Germany. ... Posted Jan 06 2010, 08:55 AM by steveheiser with | with no comments Filed under: EDF, E.ON, France, Germany, ENERGY, nuclear, power, assets, swap, Electrcite de France, EnBW, agreements, SNET

• GDF Suez Will Appeal 2009 Nuclear Power Levy

  The group said in a statement that it had just paid its contribution of 213 million euros ($305.5 million), part of a 250 million euro payment demanded from all nuclear operators in Belgium for last year - Edited by April Murelio - According to a Reuters report, - French utilities group GDF Suez plans to ask Belgium's top court to annul the Belgian government's 2009 levy on nuclear power station operators in the country. ... Posted Jan 04 2010, 08:00 AM by steveheiser with | with no comments Filed under: EDF, GDF Suez, fees, SPE, Electrcite de France, centerica

• French Nuclear Inudustry Reevaluates Strategy

  French nuclear sector re-thinks strategy after UAE awards contract to Korea - Edited by April Murelio - According to an AFP report, the French nuclear power sector is to re-focus its strategy, notably in Britain and the United States, after losing out to a South Korean consortium on a 20.4-billion-dollar project in the United Arab Emirates. ... Posted Dec 31 2009, 08:30 AM by steveheiser with | with 2 comment(s) Filed under: AREVA, EDF, UAE, France, India, nuclear, power, Electrcite de France, U.S., united arab emirates, Sarkozy, re-think, fresno, reevaluate

• French Nuclear Power Industry Acknowledges ENEC's Decision

  United Arab Emirates' civil nuclear program: French industry acknowledges ENEC's decision - By Linton Levy - EDF, GDF-SUEZ, TOTAL, AREVA, VINCI and ALSTOM acknowledge ENEC's (Emirates Nuclear Energy Corporation) decision about the first phase of the Emirates civil nuclear energy program. ... Posted Dec 28 2009, 08:52 AM by steveheiser with | with no comments Filed under: AREVA, EDF, UAE, France, Korea, reactor, contract, Alstom, nuclear, Total, KEPCO, Korea Electric Power Corporation, united arab emirates, GDF-SUEZ, VINCI

• EDF Confirms Role Developing Nuclear Power Plants With China's CGNPC

  The first unit of Taishan nuclear plant, modelled on the EPR currently under construction at Flamanville in Normandy, is scheduled for commissioning in late 2013 - By Stephen Heiser - On the occasion of the official visit to China of French Prime Minister François Fillon, Henri Proglio, Chairman and CEO of EDF and Qian Zhimin, Chairman of electricity generator China Guangdong Nuclear Power Company (GCNPC) received final approval from the Chinese authorities for the creation of a joint venture (TNPJVC: Guangdong Taishan Nuclear Power Joint Venture Company Limited), whose purpose is to build and operate two EPR nuclear reactors in Taishan (in the Province of Guangdong), with EDF’s holding fixed at 30% for 50 years. ... Posted Dec 22 2009, 08:45 AM by steveheiser with | with no comments Filed under: China, EDF, EPR, nuclear, Electrcite de France, gcnpc, China Guangdong Nuclear Power Company

• Constellation Energy Nuclear Group Announces Appointment of George H. Gellrich as Site Vice President for Calvert Cliffs Nuclear Power Plant

  Gellrich’s 28-year career includes the position of Plant Manager at PSEG’s Salem Generating Station from 2007 - 2009. Most recently, he was on a rotational assignment at the Institute of Nuclear Power Operations - By Stephen Heiser - Constellation Energy Nuclear Group, LLC, a joint venture... Posted Dec 11 2009, 08:19 AM by steveheiser with | with no comments Filed under: Constellation Energy , EDF, Calvert Cliffs, executive appointments, Electrcite de France, ceng, George H. Gellrich, Constellation Energy Nuclear

• Henri Proglio Named EDF Chairman And CEO

  Henri Proglio has been a non-executive director of EDF since September 2004 - By Mark McFadden - Henri Proglio has been appointed today EDF Chairman and CEO by the Council of Ministers by decree. Born on 29th June 1949 in Antibes (France), Henri Proglio is a graduate of the Ecole des Hautes Etudes Commerciales... Posted Nov 30 2009, 08:45 AM by steveheiser with | with no comments Filed under: EDF, executive appointments, Electrcite de France, CEO, director, chairman, non-executive, Henri Proglio

• Centrica completes acquisition of 20 percent stake in British Energy/Important Nuclear Step

  EDF and Centrica will form a separate 80/20 joint venture through which they will undertake the pre-development activities for a planned nuclear new build program - By April Murelio - Centrica plc has completed the purchase of its stake in British Energy through the acquisition of a 20 per cent equity... Posted Nov 30 2009, 08:12 AM by steveheiser with | with no comments Filed under: mergers, acquisitions, EDF, British Energy, ENERGY, nuclear, Centrica, power, Electrcite de France, new, BE, segebel