News Release —April 15, 2008

UNISTAR NUCLEAR ENERGY APPLAUDS AGREEMENT BETWEEN
BECHTEL, BUILDING AND CONSTRUCTION UNION

AFL-CIO Affliliate to Provide Exclusive Labor for Construction of Potential New Reactor at Constellation Energy's Calvert Cliffs Site

BALTIMORE, April 15, 2008 – UniStar Nuclear Energy, LLC (UNE), a strategic joint venture between Constellation Energy (NYSE: CEG) and EDF Group, today applauded an agreement between Bechtel Construction Company (Bechtel) and the Building and Construction Trades Department of the AFL-CIO (BCTD).

Bechtel and the union announced they plan to reach an agreement by the end of 2008 on wages and benefits for workers who would be employed to construct a potential third reactor at a site adjacent to Constellation Energy’s Calvert Cliffs Nuclear Power Plant in Lusby, Md. A final decision has yet to be made on the construction of a new reactor at Calvert Cliffs.

The agreement comes just days after the U.S. Department of Energy (DOE) made public its loan guarantee implementation plan, an important prelude to DOE issuing a solicitation for federal loan guarantee applications.

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In the News
(Note that some may require login or fee)
 
UNISTAR NUCLEAR ENERGY LLC (Baltimore) -- George Vanderheyden was named president and chief executive of this joint venture... (Wall Street Journal - 10-22-07)

Constellation's UniStar Nuclear Names Vanderheyden President, CEO (CNN Money - 10-18-07)

Constellation-EDF Venture Planning Four Reactors (Trading Markets - 10-8-07)

Federal loan guarantees for nuclear development should help Constellation Energy, investors (Baltimore Examiner - 10-7-07)

Constellation Venture Makes NRC Quality Assurance Filing (WBAL Channel.com - 8-16-06)

Nuclear Power Venture Orders Crucial Parts for Reactor (New York Times - 8-4-06)

Constellation, Areva in U.S. nuke procurement deal (Reuters - 8-3-06)

Mount Vernon’s BWX Technologies involved in reestablishing commercial nuclear power plan manufacturing (WFIE NBC-TV, Evansville, IN - 8-2-06)

Nuclear Plant Work Is Headed for Indiana (Associated Press - 8-1-06)

AREVA, BWXT teaming up (Lynchburg News & Advance - 8-1-06)

Constellation tabs exec to lead nuclear power projects (Baltimore Business Journal - 12-7-05)

Baltimore Energy Company Seeking Right to Build Reactor (New York Times - 10-28-05)

Constellation plans to file for reactor (Baltimore Sun - 10-28-05) — Note: Archive no longer available.

Grand Gulf, Bellefonte and River Bend chosen for COL applications (Nuclear Engineering - 09-24-05)

A new venture toward more nuclear power (The News & Advance - 09-23-05)

New Venture Will Consider Reactor at Power Plant (Washington Post - 09-18-05)

Partnership Formed to Build Nuclear Plants (New York Times - 09-16-05)

AREVA venturing out (Lynchburg News and Advance - 09-16-05)

Areva forms nuclear partnership with Constellation (Financial Times - 09-15-05)

Areva, Constellation form joint venture to offer EPR plants in US - UPDATE (Forbes - 09-15-05)

Constellation, Areva unite to build U.S. nuclear plants (Baltimore Business Journal - 09-15-05)

Media Advisory
Two Major U.S. Energy Corporations to Announce Unprecedented Business Platform to Design, License, Build and Operate New Nuclear Power Plants in America

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