BALTIMORE, Oct. 18 /PRNewswire/ -- UniStar Nuclear Energy, LLC
(UniStar), a strategic joint venture between Constellation Energy (NYSE:
CEG) and EDF, today announced the appointment of three senior executives.
The appointments include George Vanderheyden as president and chief
executive officer, Kathleen Hyle as chief financial officer and Steven
Miller as secretary of the company.
"These seasoned energy executives have the skills to lead this dynamic
and innovative organization and solidify UniStar's role at the forefront of
our nation's nuclear renaissance," said Michael J. Wallace, chairman of the
board of directors of UniStar Nuclear Energy and executive vice president
of Constellation Energy. "The UniStar Nuclear Energy joint venture brings
together EDF's unmatched global leadership in the nuclear arena with
Constellation Energy's extensive nuclear ownership and operating experience
in the U.S. The considerable resources united under this joint venture
provide greater certainty and momentum to our efforts to build the first
fleet of new nuclear plants in North America in three decades."
In his new role, Vanderheyden, who also serves as a senior vice
president for Constellation Energy's nuclear subsidiary, Constellation
Energy Nuclear Group, will be responsible for overseeing the potential
development and deployment of Evolutionary Power Reactors (EPR) in the
United States and Canada.
In December 2005, Vanderheyden was named president of UniStar Nuclear,
LLC, a joint venture with reactor-manufacturer AREVA NP, to market the U.S.
EPR as Constellation Energy's technology of choice for potential new
nuclear development in the United States.
In leading the marketing venture, Vanderheyden developed and executed
UniStar's innovative business model. Previously, he served as site vice
president of Constellation Energy's Calvert Cliffs Nuclear Power Plant in
Southern Maryland, the designated site of UniStar's first combined
construction and operating license application (COLA). A partial
application containing the site's environmental report was submitted to the
Nuclear Regulatory Commission (NRC) in July. UniStar Nuclear Energy plans
to submit the full COLA by March 15, 2008.
Bernard Dupraz, UniStar Nuclear Energy board member and senior vice
president of generation for EDF, said Vanderheyden's expertise will play an
important role in the success of the enterprise.
"The experience we gain with the EPR at Flamanville in France will be
of great help to George and his team moving forward in the U.S.," said
Dupraz, who noted that EDF also will contribute executives to UNE in the
future. "UniStar's objectives require successful leadership of large,
complex projects with global suppliers. George and his team have
demonstrated such success in the past."
As UniStar Nuclear Energy's chief financial officer, Hyle will be
responsible for managing the financial risk associated with the potential
fleet of new nuclear assets. Hyle also serves as senior vice president of
finance and chief financial officer for Constellation Energy Nuclear Group.
Previously, Hyle held senior-level finance positions with Constellation
Energy where she oversaw accounting, treasury, tax and financial planning
and analysis. Prior to joining Constellation Energy, Hyle held treasurer
and chief financial officer positions with ANC Rental Corp., the parent
company of Alamo Rent-A-Car and National Rent-A-Car, AutoNation, Inc., and
Black and Decker Corporation.
Miller brings a wealth of energy-related legal experience to his new
position as UniStar's secretary. He also currently serves as general
counsel and secretary as well as senior vice president of strategy for
Constellation Energy Nuclear Group. Prior to joining Constellation Energy,
Miller was a member of the energy practice groups at the law firms of
Miller, Balis & O'Neil, and Dickstein, Shapiro, Morin & Oshinsky, both in
Washington. Miller also served eight years on active duty in the U.S.
Navy's Judge Advocate General's Corps before entering civilian practice.
"Kathi and Steve each have played vital roles in the continuing
development and implementation of the UniStar business model," said
Vanderheyden. "Their experience and insight will help ensure that we
continue to deliver value for our investors, partners and customers."
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, 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 200
company with 2006 revenues of $19.3 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.
The EDF Group, one of the leaders in the energy market in Europe, is an
energy specialist that is active in all the businesses of electricity:
production, transport, distribution, energy supply and trading. The Group
is the leading electricity producer in Europe. In France, it has mainly
nuclear and hydraulic production facilities where 95 percent of the
electricity output involves no CO2 emissions. EDF operates over 1,200,000
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 close to 40 million customers
around the world, including more than 28 million in France. The Group
generated consolidated sales of euro 58.9 billion in 2006, of which 42
percent was in Europe excluding France. Net income (Group share) stood at
euro 5.6 billion, with net income from ordinary operations at euro 4.2
billion. EDF is listed on the Paris Stock Exchange and is a member of the
CAC 40 index.
SOURCE UniStar Nuclear Energy
 back to top
Related links:
http://www.constellation.com/
http://www.prnewswire.com/comp/084087.html /
CONTACT:
Maureen Brown or Lori A. Vidil,
+1-410-470-7433, both for UniStar Nuclear Energy
|
