Nuke Owners Are Playing Chicken

This is an historic week. The long awaited collective awakening in the nuclear power industry arrived with a series of stunning announcements. The theme in common was similar: We want out. Nevertheless, investors should be careful. Large generators are playing a giant game of chicken.

Exelon (EXC) had two announcements. Their French partner, state-owned Electricité de France announced they want to exit from U.S. nuclear power industry. Through their joint venture with Exelon, EDF owns 49.9% of five nuclear power plants: Maryland's two nuclear units at Calvert Cliffs, New York's R. E. Ginna plant and Nine Mile Point. Plant licenses are being transferred from their joint venture company, Constellation Energy Nuclear Group to Exelon Generation. EDF's equity position will transition later....633 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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