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• EdF gets the OK for Constellation deal

  State regulators have granted Electricité de France conditional rights to take over part of Constellation Energy but the firms were criticised on their debating strategy. Posted Nov 02 2009, 11:16 AM by World Nuclear News Filed under: EDF, Electricité de France, Constellation Energy, PSC, approval, public services commission, constellation

• Maryland regulator approves Calvert Cliffs 3

  Constellation Energy has received final approval from the Maryland Public Service Commission (PSC) for a proposed new reactor at its existing Calvert Cliffs nuclear power plant. Posted Jun 30 2009, 08:31 AM by World Nuclear News Filed under: Constellation Energy, Calvert Cliffs, maryland

• Constellation accepts EdF offer

  Electricité de France has reached a "definitive investment agreement" with US utility Constellation Energy to acquire half of its nuclear generation and operation business for $4.5 billion, rejecting an offer from MidAmerican of $4.7 billion for the entire company. Posted Dec 17 2008, 12:50 PM by World Nuclear News Filed under: Electricité de France, Constellation Energy

• Constellation board OKs talks with EdF

  Constellation Energy announced that its board of directors has authorized the company to begin discussions with Electricité de France (EdF) related to EdF's proposal to acquire half of Constellation's nuclear generation and operation business. Posted Dec 09 2008, 10:50 AM by World Nuclear News Filed under: Electricité de France, Constellation Energy

• EdF makes renewed Constellation offer

  Electricité de France (EdF) has proposed to acquire half of Constellation Energy's nuclear generation and operation business for $4.5 billion, an offer is says is a "superior alternative" to MidAmerican Energy's offer to acquire the whole of Constellation for $4.7 billion. Posted Dec 03 2008, 07:05 AM by World Nuclear News Filed under: Constellation Energy

• EdF drops bid for Constellation

  Electricité de France (EdF) announced that it will not make an improved bid for US utility Constellation Energy. EdF had recently increased its stake in Constellation to 9.51%, sparking rumours that it would launch a takeover bid. However, MidAmerican Energy made a surprise $4.9 billion cash offer for Constellation in mid-September. EdF then submitted a rival bid. In a statement EdF says: "Given the current state of financial markets and in particular the difficult credit market for corporates, and after discussions with several potential American partners, EdF has determined that current conditions are not conducive to presenting a new offer for Constellation." Constellation managers have remained committed to MidAmerican's offer. EdF and Constellation had formed the UniStar initiative to deploy Areva EPR reactors in North America. EdF confirmed "its objective of developing at least four EPRs in the United States in partnership with one or several American players and continues to review closely all possible options." Posted Oct 16 2008, 07:33 AM by World Nuclear News Filed under: EDF, Constellation Energy

• EdF responds to Constellation takeover

  BREAKING NEWS Electricité de France (EdF) has submitted a bid for Constellation Energy, rivalling a surprise takeover move made by MidAmerican Energy last week. EDF International already owned 9.5% of Constellation in line with earlier agreements between the companies. Now it said it "believes the MidAmerican transaction does not generate value creation expected by shareholders." The new bid was submitted with Kohlberg Kravis Roberts and TPG Capital and included an element of immediate investment. EdF said in a release that the Constellation board had not yet responded to the offer. MidAmerican placed an offer valuing Constellation at $4.7 billion on 17 September and Constellation filed details of this with the US Securities and Exchange Commission today. EdF's statement did not make clear the value of its rival bid. Posted Sep 22 2008, 01:48 PM by World Nuclear News Filed under: EDF, Constellation Energy

• MidAmerican agrees to buy Constellation

  MidAmerican Energy Holdings has reached a tentative agreement to acquire Constellation Energy for some $4.7 billion. The companies expect to enter a definitive merger agreement tomorrow. Pending shareholder and regulator approval, the deal is expected to close by mid-2009. Constellation describes itself as a major generator of electricity in the US, owning 83 electricity generating plants across the country, with a combined generating capacity of some 9000 MWe. More than 60% of its generating output is from nuclear power plants - its nuclear generation division operates five reactors at three sites (Nine Mile Point and R E Ginna in New York; and Calvert Cliffs in Maryland). Constellation, through its Baltimore Gas and Electric (BGE) subsidiary, is also one of the USA's largest wholesale power sellers. Electricité de France (EdF) recently increased its stake in Constellation to 9.5%. MidAmerican is a subsidiary of Berkshire Hathaway, whose chairman is philanthropist Warren Buffett. Posted Sep 18 2008, 02:03 PM by World Nuclear News Filed under: MidAmerican Nuclear Energy Co, Constellation Energy

• EdF digs into Constellation stock

  As authorised by its board last month, Electricité de France (EdF) has increased its stake in US nuclear generator Constellation. The additional shares were purchased on the open market and took EdF's hoding to 9.51% of Constellation - slightly below the 9.9% authorised. Under US regulations, holding less than 10% means EdF will not have to undertake extra reporting duties or be constrained in its investments. The gradual increase in EdF's holding of Constellation stock is part agreements made by the two firms when beginning their Unistar initiative to deploy a fleet of at least four Areva EPR units in North America. EdF already operates all of France's 58 nuclear power reactors and intends to invest widely in new build abroad. Posted Sep 09 2008, 09:19 AM by World Nuclear News Filed under: EDF, Constellation Energy

• EdF may increase stake in Constellation

  The board of Electricité de France (EdF) has authorised management to increase the company's stake in US utility Constellation Energy from the current 4.97% to 9.9%, and this may be increased later. Posted Aug 14 2008, 08:32 AM by World Nuclear News Filed under: EDF, Constellation Energy

• US power company buys up uranium trader

  US electricity generator and supplier Constellation Energy has bought uranium trading firm Nufcor International from AngloGold Ashanti and FirstRand International. The move appears to highlight a new trend for integration in nuclear fuel. Posted Jul 01 2008, 11:28 AM by World Nuclear News Filed under: Uranium, Constellation Energy

• UniStar confirms Nine Mile Point as EPR site

  UniStar Nuclear Energy has formally selected Constellation Energy's Nine Mile Point nuclear power plant in New York State as the site for a potential US Evolutionary Power Reactor, and has notified the US regulator of its intention to submit a combined construction and operating licence application in Posted Feb 13 2008, 11:00 AM by World Nuclear News Filed under: Constellation Energy, Nine Mile Point, UniStar Nuclear Energy