First Wave of New Reactor License Applications
for UniStar Sites Accepted and Docketed by Nuclear Regulatory Commission
BALTIMORE, Jan 08, 2009 -- BUSINESS WIRE
UniStar Nuclear Energy, a strategic joint venture of Constellation Energy (NYSE:CEG)
and EDF Group, today announced that the initial acceptance review phase is
now complete for the first wave of UniStar's proposed fleet of advanced
nuclear power plants in the United States. The milestone was achieved with
the U.S. Nuclear Regulatory Commission's (NRC) recent announcement that it
has accepted and docketed PPL's combined license (COL) application for a
U.S. Evolutionary Power Reactor (U.S. EPR) at PPL's proposed Bell Bend site
near Berwick, Pa.
PPL, a UniStar partner, submitted its application to the NRC on Oct. 10,
2008.
"Achieving this important regulatory milestone for all four projects was a
primary goal for UniStar during 2008, and we congratulate PPL on its recent
accomplishment," said George Vanderheyden, president and chief executive
officer of UniStar. "Having four of four projects under technical review by
the NRC clearly demonstrates UniStar's continued leadership and momentum as
we work to develop the next generation of nuclear power plant technology to
support our nation's future energy needs and clean air objectives."
In addition to UniStar's significant regulatory progress in 2008,
Vanderheyden noted that public support has been strong for the proposed
UniStar projects, especially in states where the projects are in a more
advanced phase.
"As I attended public meetings in Maryland and New York, I was impressed by
the depth and breadth of public support for the new reactors," said
Vanderheyden. "We continue to hear from community leaders who are keenly
aware of our excellent record related to safety and reliability, and welcome
the economic and environmental benefits of these proposed nuclear plants."
On Dec. 18, 2008, UniStar announced the NRC's acceptance and docketing of
its application for a proposed plant in Scriba, N.Y., adjacent to
Constellation Energy's Nine Mile Point Nuclear Station.
In 2007, UniStar submitted its first, or "reference" application, for a
proposed reactor in Maryland. The three subsequent applications, including
one by AmerenUE for a proposed U.S. EPR in Missouri, leveraged the
experience gained by UniStar in preparing the Calvert Cliffs application.
NRC review of the applications is expected to take 36 to 42 months from the
time the applications were submitted.
UniStar and its partners have not made a final decision to proceed with any
of the proposed reactors. UniStar noted a final decision will not be made
about its proposed plants in Maryland and New York until the company's
expectations have been met regarding safety, cost, regulatory stability and
bipartisan federal, state and local support.
AREVA's U.S. EPR is an evolutionary, 1,600-megawatt design based on reactors
currently operating in Europe. Each of the proposed plants would provide
electricity to more than one million homes and is expected to create
approximately 4,000 construction jobs and about 360 permanent jobs.
Nuclear power is considered an essential component of a diverse mix of
energy sources for its ability to reliably generate baseload electricity -
power that is constant 24 hours a day, seven days a week and is not affected
by weather or climate.
About UniStar
UniStar Nuclear Energy, a strategic joint venture between Constellation
Energy (NYSE:CEG) and EDF Group, is powering the nuclear renaissance in
North America through industry leadership, disciplined business practices
and effective risk-management. Based in Baltimore, Md., 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.
About Constellation Energy
Constellation Energy (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 generating units located throughout the United
States, totaling approximately 9,000 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.
About EDF Group
The EDF Group, one of the leaders in the energy market in Europe, is an
integrated energy company active in all businesses: production, transport,
distribution, energy selling and trading. The Group is the leading
electricity producer in Europe. EDF's nuclear production capacity, the
largest in the world, consists of 58 power plants on 19 sites. In France, it
has mainly nuclear and hydroelectric power plants where 95% of the
electricity output involves no CO2 emissions. EDF's transport and
distribution subsidiaries operate 1,246,000 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 more than 38 million customers around the world, including more
than 28 million in France. The Group generated consolidated sales of EUR
59.6 billion, (or $81.06 billion(1)), in 2007, of which 44 percent
originated in Europe excluding France. EDF is listed on the NYSE-Euronext
Paris stock exchange as one of the largest market cap companies.
(1)1EUR = 1,36 US$
About PPL
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.
About AREVA
As the leading U.S. nuclear vendor and a key player in the electricity
transmission and distribution sector, AREVA Inc.'s 5,300 U.S. energy
employees are committed to serving the nation and paving the way for the
future of the electricity market. With 45 locations across the nation and
nearly $2 billion in energy revenues in 2007, AREVA Inc., through its
subsidiaries, combines U.S. leadership, access to worldwide expertise and a
proven track record of performance. In the U.S. and in more than 100
countries around the world, AREVA is engaged in the 21st century's greatest
challenges: making energy available to all, protecting the planet, and
acting responsibly toward future generations. AREVA Inc. is headquartered in
Bethesda, Md.
SOURCE: UniStar Nuclear Energy
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