French firm seeks nuclear business of...

French firm seeks nuclear business of Constellation

There are 8 comments on the Baltimore Sun story from Dec 3, 2008, titled French firm seeks nuclear business of Constellation. In it, Baltimore Sun reports that:

French utility Electricite de France, rebuffed in its efforts to acquire Constellation Energy Group, is expected today to offer to buy 50 percent of Constellation's nuclear power business for nearly the same ...

Join the discussion below, or Read more at Baltimore Sun.


Bel Air, MD

#1 Dec 3, 2008

Bel Air, MD

#2 Dec 3, 2008
Put your running shoes on CEG. Of couse the current mgnt. team doesn't want this deal...because they all lose multi $million dollar buy out deals. They could care less about Maryland, their employees and shareholders. Love those Fenchies!

Towson, MD

#3 Dec 3, 2008
FPL would have paid a lot more for Constellation if O'Malley hadn't sued to block the deal 2-3 years ago. Instead the retirees and shareholders of Constellation suffered.

Brooklyn, NY

#4 Dec 3, 2008
Sell it to the French..we don't own anything in America any more any way except debt!
Crude Oil Trader

Tucson, AZ

#5 Dec 3, 2008
Warren still stands to make out big on this deal. he always gets it done, some how, some way.

Columbus, NE

#6 Dec 3, 2008
Why does it feel like we are witnessing the selling of America for the sake of the almighty dollar. Just like when you go to work, you have sold your services to the company for that period of time. How many pieces of America can you sell for the sake of making a buck before the foreign entities all get together and say OK, now we own you and this is how it's going to be. How many people have died defending this country and way of life while we sit back and watch it be sold to other countries piece by piece. From a strictly Nuclear standpoint we have gone to great lengths to ensure these units are secure from external threats, but yet we can say OK let's just sell one or more to the French! I don't understand. What am I missing? You know sooner or later the EDF lobbyists will say look we've been operating our plants (France being nearly all Nuclear) successfully for a lot of years, why don't you back off on some of your requirements so we can provide the electricity to you at a cheaper rate, and because we're talking about the economy and jobs and all that, someone in Congress will take that to heart and we will unravel what we have built. Globalization is one thing, but don't sell the country!

Baltimore, MD

#7 Dec 3, 2008
The deal will never go through. The Federal regulators take a dim view of foreign companies owning nuke plants on US soil.
Logical Thinker

Baltimore, MD

#8 Dec 3, 2008
Ownership is not the issue, operating control is. Anybody can have the rights to profits from a nuke plant as long as an American based company runs it.

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