UniStar in the News
Disclaimer: By listing of these media stories, UniStar does not guarantee the truthfulness, accuracy, or validity of the publication, nor take any particular position or point of view with regard to the information they contain.
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Bloomberg: EDF Unit Seeks U.S. Partner for New Maryland Reactor
Bloomberg: EDF takes Regulatory Steps to Sell Constellation Energy Stake
Platts: French EDF to Sell Remaining Shares in Constellation Energy
Baltimore Sun: Constellation Energy closes UniStar deal with EDF
Baltimore Sun: Nuclear Treaty
Baltimore Sun: Constellation, EDF reach deal on nuclear ventures
CEG/EDF Press release: EDF and Constellation Energy Announce Comprehensive Agreement
Platts: Nuclear society president-elect says loan guarantee changes are needed
Les Echos: Basic Translation: Constellation does not rule on the sale of power plants to EDF
The board of directors of Constellation did not announce last Friday what EDF feared: namely the decision to exert the option, which would force EDF to purchase (11) fossil power stations in the United States, for the double of their value. Constellation seems to want to continue the negotiations with its former French partner, to decide what could be done to avoid such an exit, which could cost EDF (2) billion euros. Last week, several voices had been heard in the United States, one of which was the powerful trade union AFL-CIO, whose funds, in the pension, controls from 7 to 10 % of the capital of Constellation. The AFL-CIO asked the administrators of Constellation to give up this option. The next key date will be the presentation of the quarterly earning report of Constellation, next Friday, which could be the occasion for its leaders to take a position.
Atomic Insights blog: NIRS, Natural Gas and Agressive competition for Calvert Cliffs Unit 3
The New York Times: EDF and Constellation Step Up Nuclear Battle
Baltimore Sun: AFL-CIO head urges Constellation to not force EDF to buy nonnuclear plants
Baltimore Sun: EDF designee on Constellation board resigns
Reuters: EDF wants meeting over Constellation disputes-sources
Financial Times: Constellation Stands Firm over Put Option
Scottrade: Congressman. Hoyer, Gov. O'Malley, Sen. Mikulski, and Sen. Cardin send letter to Constellation and EDF CEOs
Baltimore Sun: Constellation offers its stake in Calvert Cliffs to French partner
Bloomberg BusinessWeek: Constellation Offers to sell Nuclear Venture to EDF
Letter from Constellation to EDF
Atomic Insights blog: "Cost of Money for Nuclear Projects - Effect of $880 Million Financing Fee - 30% Increase in Electrical Power Price"
HomeTown Annapolis - opinion. "Our Say: Collapse of plans for new reactor bad news for state".
SNL Financial: "Nuke supporters, foes, emerge in wake of Calvert Cliffs decision, as do M&A rumors." Subscription required
The Economist: Nuclear Power in America - Constellation's Cancellation.
Associated Press: EDF seeks to modify Constellation partnership
Bloomberg: EDF, Constellation Ties Worsen over $2 billion plant option
Business Wire: Constellation Energy Releases Statement Regarding EDF Letter on UniStar Joint Venture
WallStreetJournal: "Nuclear Deal at Risk as Firms Face Off"
Baltimore Business Journal: "O'Malley, EDF officials meet to 'keep alive' Calvert Cliffs project
The Baltimore Sun, Jay Hancock blog: "Bloomberg: EDF supports a sale of Constellation"
Platts: "US asks Constellation to reconsider guarantee decision"
Nuclear Engineering International: "constellation Energy turns back on Calvert Cliffs loan guarantee"
Associated Press: "Constellation Energy says loan backstop too costly."
BusinessWire: "Constellation Energy Releases Statement Regarding U>S. Department of Energy Loan Guarantee (Corrected)
WBAL: "Constellation Backs Out of Financial Deal for Calvert Cliffs Reactor"
Washington Post (updated 10/13): Constellation Energy shelves plan for Calvert Cliffs reactor
Constellation letter to DOE: