ownership

Three nuclear energy plants owned by Constellation Energy Nuclear Group (CENG) officially joined Exelon Generation's fleet of nuclear plants. The three CENG plants include five reactors capable of generating more than 4,200 MW at full power, they include: R.E. Ginna Nuclear Power Plant in Ontario, NY, a single 583-MW, Nine Mile Point Nuclear Station in Scriba, NY, 1,937 MW, Calvert Cliffs Nuclear Power Plant in Lusby, Md., 1,768 MW.

South Carolina Electric & Gas (SCE&G) and Santee Cooper established an agreement for SCE&G to acquire from Santee Cooper a 5 percent ownership interest in the two new nuclear units which are currently under construction at V.C. Summer Station in Jenkinsville, S.C. Under the terms of the transaction, SCE&G will own 60 percent of the new nuclear units and Santee Cooper, 40 percent. The purchase price is anticipated to be approximately $500 million for the entire 5 percent interest based on current project cost.