EDF Will Bail on Three Nuclear Plants, Exelon Holds the Bag
Exelon Generation said EDF Group-a French integrated electricity company-is exercising a put option to sell its 49.99% interest in the R.E. Ginna, Nine Mile Point, and Calvert Cliffs nuclear energy facilities. The two companies will now begin negotiations for Exelon to acquire full ownership of the plants.
About The Author
Jim Hamilton
Jim Hamilton is the Executive Director of The Nuclear Decommissioning Collaborative. Jim has over twenty-years of experience managing the entire life-cycle (siting, design, permitting, construction, closure, decommissioning, remediation and redevelopment) of large-scale manufacturing, energy and infrastructure facilities throughout North, Central and South America.