EDF gets green light to invest in US nuclear

EDF and Constellation received the go-ahead today from the Maryland Public Service Commission (MPSC) for a joint venture that would see the French firm acquire a 49.99% stake in Constellation’s nuclear generation and operation business for $4.5 billion.

Announced in January, the deal also involved an immediate cash injection of $1 billion and a $600 million interim backstop liquidity facility. Constellation also signed up for the option to sell up to $2 billion of non-nuclear generation assets

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: