EDF to sell US nuclear assets to Exelon

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By Mike Turner
20 Nov 2019

Electricité de France is exercising a put option to sell its stake in US nuclear reactor firm Constellation Energy Nuclear Group to its joint venture partner Exelon Corp, more than a decade after it bought it for $4.5bn.

EDF owns 49.99% of CENG, with US firm Exelon owning the rest. The company owns two nuclear power plants in upstate New York and one on Maryland.

EDF said on Wednesday that it would exercise the put option it gained under an agreement with Exelon in April 2014, when ...

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