![]() ![]() In 2002, Germany relied on nuclear power for nearly 30 percent of its electricity. Two decades after an agreement to eliminate nuclear power became law, the country’s phaseout has been dramatic. By the end of 2022, the other three will be shut as well. On December 31, Germany shut down three of its six remaining nuclear plants. It was the beginning of the end of Germany's decades-long dalliance with nuclear power. competitive energy provider, with one of the cleanest and lowest-cost power generation fleets and largest retail customer bases in the nation.On the last day of 2021, as final preparations were being made for the New Year’s Eve firework display in central Berlin, outside the German capital another era was drawing to a close. Through that union, Exelon became EDF's partner and also the leading U.S. Review and approval typically requires six to nine months.ĬENG was formed as a joint venture between Constellation Energy and EDF in 2009 to hold and oversee operations of the three Constellation nuclear plants.Įxelon, based in Chicago, and Constellation, based in Baltimore, completed their merger on March, 12, 2012. Calvert Cliffs Nuclear Power Plant in Lusby, Md., two pressurized water reactors totaling 1,753 megawatts.Īn application to transfer the operating licenses from CENG to Exelon will be submitted to the NRC within days.Nine Mile Point Nuclear Station in Scriba, NY, two boiling water reactors totaling 1,595 megawatts. ![]() Ginna Nuclear Power Plant in Ontario, NY, a single 577-megawatt pressurized water reactor. The three CENG plants include five reactors capable of generating more than 3,900 megawatts at full power (a megawatt is a million watts). Following the CENG consolidation, Exelon Generation will operate 22 nuclear units at 13 locations in Illinois, Pennsylvania, New York, New Jersey and Maryland, with a total owned generating capacity of 19,165 megawatts and employ more than 11,000 workers. EDF is the world's largest nuclear operator, with 58 reactors with one under construction in France. CENG's chief nuclear officer Maria Korsnick will become acting chief executive officer of CENG in addition to her CNO role.Įxelon Generation is the largest operator of commercial nuclear plants in the U.S., with 17 reactors in 10 locations. Exelon will continue to own 50.01 percent of CENG, EDF 49.99 percent. Under the terms of the agreement, the CENG plant operating licenses will be transferred to Exelon Exelon will integrate the CENG fleet under its management model Exelon will lend $400 million to CENG to support a special dividend to EDF and EDF will retain an option to sell its CENG stake to Exelon at fair market value between 20.ĬENG will remain a legal entity governed by a board of directors comprising five EDF and five Exelon board members. This consolidation will benefit both Exelon and our partner EDF and allows us to take advantage of additional synergies and streamlining." "CENG is a strong nuclear operator with excellent results and safety performance that fits well with our existing operations. "This is a logical step forward in the overall integration of Exelon and Constellation following our 2012 merger," said Michael Pacilio, president and chief nuclear officer of Exelon Nuclear, the division that operates the company's commercial nuclear fleet. nuclear fleets includes transferring the operating licenses of the plants to Exelon Generation, Exelon and Électricité de France (EDF) said in a joint announcement. ![]() The consolidation of the two commercial U.S. The three commercial nuclear power plants operated by the Constellation Energy Nuclear Group (CENG) in New York and Maryland will be operationally integrated into the Exelon Generation nuclear fleet over the next nine months, CENG co-owners announced today. ![]()
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |