France’s EDF said today it will exercise an option to sell its 49.99% stake in Constellation Energy Nuclear Group (CENG), its joint venture with US utility Exelon. CENG owns five nuclear power reactors at three sites in the USA. In July 2013, EDF and Exelon agreed to transfer the operating licences of the reactors owned by CENG to Exelon. Under the terms of the agreement – announced on 1 April 2014 – Exelon paid EDF USD400 million in dividends and EDF had a put option to sell its CENG shares to Exelon between 2016 and 2022. EDF has today notified Exelon of the exercise of that option.
World Nuclear News 20th Nov 2019 read more »