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5-April-2007 -- UniStar Nuclear's development arm, UniStar Development Co., has entered into an agreement with Ameren Corp.'s Missouri-based utility, AmerenUE, to assist in preparing a combined construction and operating license (COL) application.
UniStar Nuclear, the jointly developed nuclear business enterprise of Constellation Energy and AREVA Inc., is working toward developing and deploying a proposed standardized fleet of advanced U.S. Evolutionary Power Reactors (U.S. EPR) in the United States.
This agreement initiates a multi-year process for the possible future investment decisions required to meet anticipated future energy challenges through new nuclear. Although no firm decision has been made by AmerenUE on a location for a possible UniStar Nuclear-developed power plant, this agreement adds to UniStar Nuclear's growing list of potential nuclear development projects now under consideration across the country.
"This is an important step forward for the UniStar Nuclear business model and our value-driven, risk managed business model," said Michael J. Wallace, co-chief executive officer of UniStar Nuclear, executive vice president of Constellation Energy, and president of Constellation Energy subsidiary, Constellation Generation Group. "As we continue to bring on new partners, we are expanding our options for potential projects and moving closer to realizing our vision of a standardized fleet of U.S. EPR advanced nuclear power plants."
UniStar Nuclear utilizes AREVA's U.S. EPR as its technology of choice in pursuing the potential for future nuclear power generating capacity across the country.
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