NRC approves license transfer for Exelon, Constellation merger

Sponsored by

Chicago and Baltimore, February 16, 2012 — Exelon Corp. and Constellation Energy announced that the U.S. Nuclear Regulatory Commission has issued a series of orders approving the indirect transfer of certain nuclear licenses associated with the Exelon and Constellation Energy merger.

NRC approval was required prior to merger closing due to the "upstream" change in ownership of Constellation Energy Nuclear Group — the joint venture of Constellation and Electricite de France that owns the NRC-licensed nuclear units — that would result from the companies' proposed merger.

CENG owns and operates five nuclear reactors at three locations: Calvert Cliffs in Lusby, Md., Nine Mile Point in Scriba, N.Y., and R.E. Ginna in Ontario, N.Y. Under the proposed merger, Exelon will acquire indirect control of Constellation's 50.01 percent interest in CENG. CENG will continue to own and operate the nuclear units following the proposed merger.

The proposed transaction has been approved by shareholders of Exelon and Constellation. Required regulatory approvals or reviews have been completed by the New York Public Service Commission, the Public Utility Commission of Texas, and the Department of Justice. It also requires regulatory approvals by the Federal Energy Regulatory Commission and the Maryland Public Service Commission.

Sponsored by

Get All the Electric Light & Power and POWERGRID International to Your Inbox

Subscribe to Electric Light & Power or POWERGRID International and the email newsletter today at no cost and receive the latest news and information.

Related Articles

TVA plans removal of coal ash from Memphis coal plant

03/28/2019

The authority wrote that the land, which is owned by local governments, Memphis Light, Gas and Water and the International...

Lawmakers now moving quickly on Santee Cooper sale

03/26/2019

About half of Santee Cooper's debt came from money paid for construction and design of two now abandoned nuclear plants at...

Southern California Edison fined for handling of nuclear waste

03/26/2019

The decision announced Monday in an online town hall meeting involves the transfer of radioactive nuclear waste containers...

Santee Cooper sale may not be up to SC's governor

03/21/2019

Sen. Larry Grooms says he will fight any move to sell the utility without additional study