http://www.nytimes.com/2008/12/18/business/worldbusiness/18nuke.html?_r=1&ei=5070&emc=eta1The French national utility will acquire a 49.9 percent stake in a major American nuclear operator, in a new push into the American power industry, which is the source of much of the French nuclear technology.
The EDF Group, which includes Éléctricité de France, will buy the stake in the nuclear operations of Constellation Energy, the parent company of Baltimore Gas and Electric, for $4.5 billion. For Constellation, the deal replaces a proposed merger with MidAmerican Energy Holdings, run by the investor Warren E. Buffett, which would have taken Constellation Energy private.
EDF’s offer for half the nuclear assets is almost as much as Mr. Buffett had offered for the whole company.
Constellation is already in a joint venture with EDF to build several nuclear reactors in the United States. Michael J. Wallace, the chairman of the joint venture, which is called UniStar, said that Constellation saw advantages to remaining a publicly traded company. He added that Constellation was aligning itself with the largest nuclear operator in the world, which has 58 reactors, all based on American designs.
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they must thing it is a done deal - to build more nuke plants here. we would be insane to build more nuke plants.
doesn't congress have a say so in this?