UniStar Nuclear Energy, PPL Sign Agreement to Develop New Nuclear Plant License Application
December 19 2007 - 8:30AM
PR Newswire (US)
UniStar expertise tapped for Potential U.S. EPR site in
Pennsylvania BALTIMORE, Dec. 19 /PRNewswire-FirstCall/ -- UniStar
Nuclear Energy (UNE), a strategic joint venture between
Constellation Energy (NYSE:CEG) and the EDF Group, today announced
an agreement with an affiliate of PPL Corporation to prepare and
submit to the U.S. Nuclear Regulatory Commission (NRC) a Combined
License Application (COLA) for a potential third reactor near PPL's
Susquehanna nuclear power plant near Berwick, Pa. The agreement
positions PPL to take advantage of the wide array of licensing,
construction and operating services UniStar offers to support the
expansion of nuclear energy. PPL joins a growing list of energy
companies, including Constellation Energy, EDF, AmerenUE, Alternate
Energy Holdings Inc. and Amarillo Power, that are pursuing advanced
nuclear power plants based on AREVA's U.S. Evolutionary Power
Reactor (U.S. EPR) technology. "We are pleased that PPL has joined
UniStar and recognizes the tremendous value added and certainty we
bring through our standardized approach to building new nuclear
reactors to meet the nation's growing energy needs," said George
Vanderheyden, president and chief executive officer of UNE. "With
increasing demands for energy and concerns about climate change,
America needs clean, emissions-free, base-load power to help secure
its energy future. UniStar offers its partners the most certain
path to achieve that goal." The announcement adds momentum to
UniStar's proposed fleet of at least four U.S. EPRs in the United
States. In November, UniStar announced that it selected Alstom to
provide turbine generator systems for the first four proposed U.S.
EPRs. UniStar plans to submit the COLA for PPL's Berwick site in
the fourth quarter of 2008, in time for the potential plant to
qualify for production tax credits under the U.S. Energy Policy Act
of 2005. The Berwick site is being developed by PPL Corp.
subsidiary, PPL Nuclear Development LLC. In July, UNE submitted a
partial COLA to the NRC to construct and operate a potential third
reactor at Constellation Energy's Calvert Cliffs Nuclear Power
Plant in Lusby, Md. The full COLA, which UniStar plans to submit in
the first quarter of 2008, will serve as the reference document for
the PPL COLA and all future UniStar COLAs. UniStar Nuclear Energy,
a strategic joint venture between Constellation Energy (NYSE:CEG)
and EDF, is powering the nuclear renaissance in North America
through industry leadership, disciplined business practices and
effective risk-management. Based in Baltimore, UniStar Nuclear
Energy provides the licensing, construction and operating services
needed to support the expansion of clean, safe and sustainable
nuclear energy in the United States. Constellation Energy
(http://www.constellation.com/), a FORTUNE 125 company with 2006
revenues of $19.3 billion, is the nation's largest competitive
supplier of electricity to large commercial and industrial
customers and the nation's largest wholesale power seller.
Constellation Energy also manages fuels and energy services on
behalf of energy intensive industries and utilities. It owns a
diversified fleet of 78 generating units located throughout the
United States, totaling approximately 8,700 megawatts of generating
capacity. The company delivers electricity and natural gas through
the Baltimore Gas and Electric Company (BGE), its regulated utility
in Central Maryland. The EDF Group, one of the leaders in the
energy market in Europe, is an energy specialist that is active in
all the businesses of electricity: production, transport,
distribution, energy supply and trading. The Group is the leading
electricity producer in Europe. In France, it has mainly nuclear
and hydraulic production facilities where 95 percent of the
electricity output involves no CO2 emissions. EDF operates over
1,200,000 km of low and medium voltage overhead and underground
electricity lines and around 100,000 km of high and very high
voltage networks. The Group is involved in supplying energy and
services to close to 40 million customers around the world,
including more than 28 million in France. The Group generated
consolidated sales of euro 58.9 billion in 2006, of which 42
percent was in Europe excluding France. Net income (Group share)
stood at euro 5.6 billion, with net income from ordinary operations
at euro 4.2 billion. EDF is listed on the Paris Stock Exchange and
is a member of the CAC 40 index. PPL Corporation, headquartered in
Allentown, Pa., controls more than 11,000 megawatts of generating
capacity in the United States, sells energy in key U.S. markets and
delivers electricity to about 4 million customers in Pennsylvania
and the United Kingdom. More information is available at
http://www.pplweb.com/. DATASOURCE: Constellation Energy CONTACT:
Maureen Brown or Lori A. Vidil, +1-410-470-7433, both for
Constellation Energy Web site: http://www.constellation.com/
http://www.pplweb.com/ Company News On-Call:
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