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Exelon / Negotiations Begin With EDF On Full Takeover Of Three US Nuclear Plants

By Kamen Kraev
21 November 2019

Negotiations Begin With EDF On Full Takeover Of Three US Nuclear Plants
Two-unit Calvert Cliffs in Maryland. Courtesy Creative Commons.
US-based nuclear operator Exelon Generation has announced the start of negotiations with French utility EDF on the full takeover of three nuclear power stations – the single-unit Ginna, and the two-unit Nine Mile Point and Calvert Cliffs.Exelon said in a statement that EDF, which owns a 49.99% stake in the three stations, has decided to exercise a put option allowing it to sell its share to the US utility.

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