EDF withdraws opposition to Exelon and CENG merger

French utility company EDF has reached an agreement with Chicago-based electricity firm Exelon to protect the operational autonomy of Constellation Energy Nuclear Group (CENG).

As part of the agreement, EDF has agreed to withdraw its opposition to the proposed merger between Exelon and Constellation Energy.

Constellation Energy Nuclear Group is a 50.01/49.99 joint venture between Constellation Energy and EDF.

CENG operates five nuclear plants on three sites in Maryland and New York.