The Nuclear Regulatory Commission on Thursday said it has approved the proposed merger between Exelon Corp. and Constellation Energy Group, Inc., including the indirect transfer of operating licenses for five commercial nuclear power plants and two spent fuel storage installations.
The merger would result in Exelon indirectly owning 50.01 percent of Constellation Energy Nuclear Group , which is jointly owned by Constellation and EDF, Inc., a subsidiary of Electricité de France SA. The company holds operating licenses for five nuclear power plants – Calvert Cliffs 1 and 2 on Chesapeake Bay in Maryland, Nine Mile Point 1 and 2, near Oswego, N.Y., and R.E. Ginna Nuclear Power Plant, near Rochester, N.Y.