Advanced Design Reactor is Basis for UniStar's Planned U.S. Nuclear Fleet
BALTIMORE, Feb. 28 /PRNewswire-FirstCall/ -- UniStar Nuclear Energy,
LLC (UNE), a strategic joint venture between Constellation Energy (NYSE:
CEG) and EDF, today congratulated AREVA on the U.S. Nuclear Regulatory
Commission's (NRC) acceptance for review of AREVA's design certification
application for the U.S. Evolutionary Power Reactor (U.S. EPR).
UNE has proposed building at least four standardized U.S. EPRs in the
U.S. and is partnering with AREVA to market AREVA's EPR technology in the
United States. AREVA submitted the design certification application to the
NRC in December 2007, and it was accepted Tuesday for docketing.
"The U.S. EPR is the safest, most secure nuclear plant technology and
is the foundation of the UniStar business model," said George Vanderheyden,
president and chief executive officer of UNE and senior vice president,
Constellation Energy Nuclear Group. "The NRC's acceptance of AREVA's design
certification application for technical review is a significant milestone
in our efforts to build a new fleet of nuclear power plants. We
congratulate AREVA on this significant accomplishment as we continue to
work together to provide clean, emissions-free, base-load power to help
secure America's energy future."
UNE worked closely with AREVA in developing the design certification
application. In July 2007, UNE submitted a partial combined license (COL)
application to the NRC to construct and operate a potential third reactor
next to Constellation Energy's Calvert Cliffs Nuclear Power Plant in Lusby,
Md. UNE plans to submit the remainder of its COL application, which will
reference information in AREVA's design certification application, in March
2008. UNE hopes to be in a position to begin early site preparation by the
end of 2008 for the 1,600 megawatt reactor.
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, 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.
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 over 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.
As the leading U.S. nuclear vendor and a key player in the electricity
transmission and distribution sector, AREVA Inc.'s 5,000 U.S. energy
employees are committed to serving the nation and paving the way for the
future of the electricity market. With 40 locations across the nation and
nearly $2 billion in energy revenues in 2006, 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, Maryland.
SOURCE UniStar Nuclear Energy, LLC
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Related links:
http://www.constellation.com
http://www.prnewswire.com/comp/084087.html /
CONTACT:
Maureen Brown or Lori A. Vidil, both of
UniStar Nuclear Energy, LLC, +1-410-470-7433
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