Constellation Energy will sell half of its nuclear power business to EDF for $4.5 billion. Electricite de France is already Constellation Energy's largest shareholder and its offer for half of Constellation's nuclear business includes an immediate $1 billion cash infusion and an option for Constellation to sell up to $2 billion of non-nuclear generation assets to the French company in six to nine months. Constellation's nuclear business includes three nuclear power stations with five reactors in Maryland and New York. Nuclear power accounts for 61 percent of Constellation's total electricity generating capacity of 8,700 megawatts.
(The Washington Post article on this issue)