News Release —October 10, 2008
UniStar Congratulates PPL on Submission of Combined License Application to NRC for Potential New Reactor
Submittal is fourth UniStar-Supported Application for AREVA’s U.S. Evolutionary Power Reactor
BALTIMORE, October 10, 2008 – UniStar Nuclear Energy, LLC (UniStar), a strategic joint venture between Constellation Energy (NYSE: CEG) and EDF Group, said PPL’s submission today of a Combined License Application (COLA) to the U.S. Nuclear Regulatory Commission (NRC) for a potential new nuclear power plant is another important milestone in the path to certainty for U.S. Evolutionary Power Reactor (U.S. EPR) projects in the United States.
UniStar leveraged its prior license-preparation experience to support PPL’s application, which seeks regulatory approval to construct and operate a potential 1,600 megawatt U.S. EPR adjacent to PPL’s Susquehanna Nuclear Plant site near Berwick, Pa.
PPL’s application is the third “S-COLA,” or subsequent COLA based on UniStar’s original “R-COLA,” or reference COLA, for a potential U.S. EPR adjacent to Constellation Energy’s Calvert Cliffs Nuclear Power Plant in southern Maryland. It follows S-COLAs submitted in July by AmerenUE for a potential U.S. EPR adjacent to the utility’s Callaway Plant near Fulton, Mo. and in September by UniStar for a potential new reactor adjacent to Constellation Energy’s Nine Mile Point Nuclear Station in Oswego, N.Y.
“We congratulate PPL on this important milestone,” said George Vanderheyden, president and chief executive officer of UniStar Nuclear Energy. “This submission further advances UniStar’s plans to develop a standardized fleet of at least four U.S. EPRs to help meet America’s future energy needs with a clean, safe, economic and reliable source of power.”
A final decision has yet to be made to proceed with nuclear plant development at any of the four proposed U.S. EPR sites.
UniStar’s chosen technology for its proposed fleet is AREVA’s U.S. EPR, which is currently undergoing design certification review by the NRC. The evolutionary Generation III+ design is based on technology that began in the U.S. and has evolved and been operating safely in Europe for many years.
UniStar Nuclear Energy, a strategic joint venture between Constellation Energy (NYSE: CEG) and EDF Group, is powering the nuclear renaissance in North America through industry leadership, disciplined business practices and effective risk-management. Based in Baltimore, Md., UniStar Nuclear Energy provides the licensing, construction and operating services needed to support the expansion of clean, safe and sustainable nuclear energy in the United States.
About Constellation Energy
Constellation Energy (http://www.constellation.com), a FORTUNE 125 company with 2007 revenues of $21 billion, is the nation’s largest competitive supplier of electricity to large commercial and industrial customers and the nation’s largest wholesale power seller. Constellation Energy also manages fuels and energy services on behalf of energy intensive industries and utilities. It owns a diversified fleet of 78 generating units located throughout the United States, totaling approximately 8,700 megawatts of generating capacity. The company delivers electricity and natural gas through the Baltimore Gas and Electric Company (BGE), its regulated utility in Central Maryland.
About EDF Group
The EDF Group, one of the leaders in the energy market in Europe, is an integrated energy company active in all businesses: production, transport, distribution, energy selling and trading. The Group is the leading electricity producer in Europe. In France, it has mainly nuclear and hydraulic production facilities where 95 percent of the electricity output involves no CO2 emissions. EDF’s transport and distribution subsidiaries operate 1,246,000 km of low and medium voltage overhead and underground electricity lines and around 100,000 km of high and very high voltage networks. The Group is involved in supplying energy and services to more than 38 million customers around the world, including more than 28 million in France. The Group generated consolidated sales of € 59.6 billion in 2007, of which 44 percent in Europe excluding France. EDF is listed on the Paris Stock Exchange and is a member of the CAC 40 index.
PPL Corporation, headquartered in Allentown, Pa., controls more than 11,000 megawatts of generating capacity in the United States, sells energy in key U.S. markets and delivers electricity to about 4 million customers in Pennsylvania and the United Kingdom