TITLE

EDF Seeks Buyout Of Constellation's UniStar Stake

AUTHOR(S)
BEATTIE, JEFF
PUB. DATE
October 2010
SOURCE
Energy Daily;10/14/2010, Issue 196, p3
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the proposal of Electricite de France (EDF) to salvage the Calvert Cliffs reactor project in Maryland in a letter from EDF executive Thomas Piquemal to Constellation Energy Group Vice Chairman Mike Wallace in October 2010. EDF has offered to buy out Constellation or shoulder a greater share of the financial risk in exchange for removing the Constellation's threat of a put option. The proposal was preceded by the decision of Constellation to pull out of talks with the U.S. Energy Department on a key loan guarantee.
ACCESSION #
55333674

 

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