Constellation Energy-EDF Nuclear Joint Venture Receives U.S. Nuclear Regulatory Commission Approval.

Business Wire | October 9, 2009 | Copyright

BALTIMORE & PARIS -- Constellation Energy (NYSE: CEG) and EDF Development Inc. (a wholly-owned subsidiary of EDF S.A.) today announced that the U.S. Nuclear Regulatory Commission (NRC) has approved the investment structure and license transfer related to EDF's investment in Constellation Energy Nuclear Group, LLC.

In a joint statement, the companies said EDF's acquisition of a 49.99 percent interest in Constellation Energy's nuclear assets has now received all necessary approvals at the federal level and clearance from the New York Public Service Commission.

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