News Release —December 11, 2007
UNISTAR NUCLEAR ENERGY CONGRATULATES AREVA ON DESIGN CERTIFICATION SUBMITTAL FOR U.S. EPR
Advanced Design Reactor is Basis for UniStar's
Planned U.S. Nuclear Fleet
BALTIMORE, December 11, 2007 –UniStar Nuclear Energy, LLC (UNE), a strategic joint venture between Constellation Energy and EDF, today congratulated AREVA on its submittal of a design certification application for the U.S. Evolutionary Power Reactor (U.S. EPR) to the U.S. Nuclear Regulatory Commission (NRC). UNE has proposed building at least four standardized U.S. EPRs at selected sites throughout the U.S. UNE and AREVA are partners in a joint venture created in 2005 to market AREVA's EPR technology in the U.S.
"The U.S. EPR is the cornerstone of the UniStar business model," said George Vanderheyden, president and chief executive officer of UNE, president of UniStar Nuclear, LLC, and senior vice president, Constellation Energy Nuclear Group. "AREVA's design is the safest, most secure, advanced nuclear power plant technology available in the world today, and today's submittal is a major milestone in our efforts to build the first new fleet of nuclear power plants in the U.S. in three decades. We congratulate AREVA, our partner in the nuclear renaissance, on this significant accomplishment as we continue to work together to provide clean, emissions-free, base-load power to help secure America's energy future."
UNE worked closely with AREVA in developing the design certification application. In July, UNE submitted a partial combined license application (COLA) to the NRC to potentially construct and operate a third reactor at Constellation Energy's Calvert Cliffs Nuclear Power Plant in Lusby, Md. UNE plans to submit the full COLA, which will reference information contained in AREVA's design certification application in early 2008.
UniStar Nuclear Energy, a strategic joint venture between Constellation Energy (NYSE: CEG) and EDF, 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 2006 revenues of $19.3 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 energy specialist that is active in all the businesses of electricity: production, transport, distribution, energy supply 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 operates over 1,200,000 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 close to 40 million customers around the world, including more than 28 million in France. The Group generated consolidated sales of euro 58.9 billion in 2006, of which 42 percent was in Europe excluding France. Net income (Group share) stood at euro 5.6 billion, with net income from ordinary operations at euro 4.2 billion. EDF is listed on the Paris Stock Exchange and is a member of the CAC 40 index.
As the leading U.S. nuclear vendor and a key player in the electricity transmission and distribution sector, AREVA Inc.’s 5,000 U.S. energy employees are committed to serving the nation and paving the way for the future of the electricity market. With 40 locations across the nation and nearly $2 billion in energy revenues in 2006, AREVA Inc., through its subsidiaries, combines U.S. leadership, access to worldwide expertise and a proven track record of performance. In the U.S. and in more than 100 countries around the world, AREVA is engaged in the 21st century’s greatest challenges: making energy available to all, protecting the planet, and acting responsibly toward future generations. AREVA Inc. is headquartered in Bethesda, Maryland