UniStar Nuclear Energy Notifies NRC that it has Identified Constellation Energy Site in New York State for New Reactor License A
February 12 2008 - 11:00AM
PR Newswire (US)
Selection of Upstate New York Site is Key Step in Process Prior to
UniStar Submission of License Application in Fourth Quarter of 2008
BALTIMORE, Feb. 12 /PRNewswire-FirstCall/ -- UniStar Nuclear Energy
(UNE), a strategic joint venture between Constellation Energy
(NYSE:CEG) and the EDF Group, today announced it has notified the
U.S. Nuclear Regulatory Commission (NRC) of its plans to submit a
Combined License (COL) application in late 2008 for a potential
advanced design nuclear reactor at Constellation Energy's Nine Mile
Point Nuclear Station in upstate New York. UNE submitted a letter
on Feb. 8 to the NRC formally selecting Nine Mile Point as the site
for a potential U.S. Evolutionary Power Reactor (U.S. EPR). UniStar
noted that it has yet to make a final decision to build a new
reactor at Nine Mile Point. "This notification to the NRC is an
important step in UniStar's plans to develop Nine Mile Point as a
potential site for one of four advanced design reactors in the
United States," said Michael J. Wallace, chairman of UniStar and
executive vice president of Constellation Energy. "We have not made
a final decision to construct a new reactor but we are moving ahead
systematically in both Maryland and New York, and will make any
decisions on where construction might take place based upon many
factors." Wallace noted that New York officials have been extremely
supportive of the proposed 1,600 megawatt reactor, a carbon-free
generation project that would help address a projected shortage of
electricity in New York, create several thousand construction jobs
and add more than 350 permanent jobs. UniStar submitted a partial
COL application for its so-called "reference" plant, a proposed
third reactor adjacent to Constellation Energy's Calvert Cliffs
Nuclear Plant in southern Maryland, in July 2007. The NRC accepted
the submittal for detailed review on Jan. 25, 2008. UniStar plans
to submit the remaining portions of the COL application next month.
In December 2007, UniStar's partner in the U.S. nuclear
renaissance, reactor-manufacturer AREVA, submitted the design
certification application for the U.S. EPR to the NRC. Late last
year, UniStar announced an agreement with turbine-generator
supplier Alstom to secure the turbine-generator systems for the
first four U.S. EPRs. "We are working to be in a position to make a
decision to break ground for a new reactor at the Calvert Cliffs
site at the end of 2008, depending upon the outcome of several
issues, including economics and federal loan guarantees," Wallace
said. In addition to advanced design reactors in New York and
Maryland, UniStar is also working with PPL and AmerenUE, as well as
emerging energy companies such as AEHI and Amarillo Power, to
develop potential U.S. EPRs in Pennsylvania, Missouri, Idaho and
Texas. UniStar Nuclear Energy 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
2007 revenues of $21 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. An energy market leader in Europe, the EDF
Group is an integrated energy company operating in all branches of
the industry: generation, transmission, distribution, and the
trading and sale of energy. The top electricity producer in Europe,
the Group has predominantly nuclear and hydroelectric power plants
in France, supplying electricity that is 95 percent CO2-free. Its
transmission and distribution subsidiaries operate 1,246,000 km of
medium and low voltage overhead and underground electricity lines
and around 100,000 km of high and very high voltage networks. The
Group is involved in the supply of energy and services to more than
38 million customers worldwide with more than 28 million of them in
France. The Group's consolidated sales stood at euro 58.9 Billion
in 2006 of which 42 percent was in Europe excluding France. EDF,
which is listed on the Paris Bourse, is a member of the CAC 40
index. DATASOURCE: Constellation Energy; UniStar Nuclear Energy
CONTACT: Media: Maureen Brown or Lori A. Vidil, +1-410-470-7433, or
Investors: Kevin Hadlock, +1-410-470-3647, or Janet Mosher,
+1-410-470-1884, all of Constellation Energy Web site:
http://www.constellation.com/ Company News On-Call:
http://www.prnewswire.com/comp/084087.html
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