This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Constellation Energy and EDF Group Complete Nuclear Joint Venture 2009-11-06 11:49 ET - News Release
BALTIMORE & PARIS -- (Business Wire)
Constellation Energy (NYSE:CEG) and EDF Development Inc. (a wholly-owned
subsidiary of EDF S.A.) today announced that EDF has completed its
investment in Constellation Energy Nuclear Group, LLC, which is
structured as a new joint venture. With the close of the transaction,
the companies look forward to working together to deliver the expected
economic, environmental and clean energy benefits created by the joint
venture.
About Constellation Energy Constellation Energy (www.constellation.com)
is a leading supplier of energy products and services to wholesale and
retail electric and natural gas customers. It owns a diversified fleet
of generating units located in the United States and Canada, totaling
approximately 7,100 megawatts of generating capacity, and is among the
leaders pursuing the development of new nuclear plants in the United
States. The company delivers electricity and natural gas through the
Baltimore Gas and Electric Company (BGE), its regulated utility in
Central Maryland. A FORTUNE 500 company headquartered in Baltimore,
Constellation Energy had revenues of $19.8 billion in 2008. The remainder is available to Stockwatch subscribers.
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