EDF CEO: US Nuclear Prospects For EDF Only Delayed
17 January 2012 - 10:42PM
Dow Jones News
French state-controlled power group Electricite de France SA
(EDF.FR) still has prospects to develop in the U.S. nuclear sector,
its Chairman and Chief Executive Henri Proglio said Tuesday.
Speaking on the sidelines of a conference, Proglio expressed
satisfaction that a deal had been reached with U.S.-based
Constellation Energy Group Corp. (CEG) over their nuclear
partnership.
Earlier Tuesday, EDF said it has agreed to withdraw its
opposition to the merger between U.S. utilities Exelon Corp. (EXC)
and Constellation Energy as they have both agreed to maintain the
operational autonomy of Constellation's nuclear power unit in which
EDF owns a 49.9% stake.
EDF's development plans in the U.S. are "but delayed in time...a
matter of years," Proglio told reporters.
Proglio said he remained determined to expand the lifespan of
its French reactors, which are on average 26 years old, with some
of them nearing the limit of 40 years old.
"There are several schedules" for the works and not just one,
which are currently being designed along with France's nuclear
safety watchdog Autorite de Surete Nuclaire and which should be
made public well before June, Proglio also said.
EDF is the world's largest nuclear operators with 58 reactors
and one under construction, all in France.
-By Geraldine Amiel, Dow Jones Newswires; +33 1 4017 1740;
geraldine.amiel@dowjones.com
Constellation Energy (NYSE:CEG)
Historical Stock Chart
From Sep 2024 to Oct 2024
Constellation Energy (NYSE:CEG)
Historical Stock Chart
From Oct 2023 to Oct 2024
Real-Time news about Constellation Energy Grp. Common Stock (New York Stock Exchange): 0 recent articles
More Constellation Energy Group Inc. News Articles