EDF notifies the exercise of its put option on its participation in CENG
20 November 2019 - 8:00AM
EDF notifies the exercise of its put option on its participation in
CENG
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Press release20 November 2019 |
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EDF notifies the exercise of its put
optionon its participation in CENG
Pursuant to the set of agreements concluded with
Exelon in 2014 (1), EDF notified Exelon today of the exercise of
its put option on 49.99% of the membership interests of CENG.
CENG owns five nuclear reactors across three
nuclear power plants located in the states of New York and Maryland
for a total capacity of 4041 MW (company-owned capacity).
This put option can be exercised by EDF from
January 1st 2016 to June 30 2022. The transaction price will follow
from the determination of the fair market value of CENG shares
pursuant to the contractual provisions of the put option
agreement.
The closing of the transaction is conditional
upon obtaining the required regulatory approvals.
The disposal of CENG shares is part of the
disposal plan of non-core assets announced by EDF Group.
(1) EDF Press
Release of April 1st 2014 « EDF and Exelon finalize agreement
on CENG »
This press release is certified. You can
check that it’s genuine at medias.edf.com
A key player in energy transition, the EDF Group
is an integrated electricity company, active in all areas of the
business: generation, transmission, distribution, energy supply and
trading, energy services. A global leader in low-carbon energies,
the Group has developed a diversified generation mix based on
nuclear power, hydropower, new renewable energies and thermal
energy. The Group is involved in supplying energy and services to
approximately 39.8 million customers (1), of which
29.7 million in France. The Group generated consolidated sales
of €69 billion in 2018. EDF is listed on the Paris Stock
Exchange.(1) The customers were counted at the
end of 2018 per delivery site; a customer can have two delivery
points: one for electricity and another for gas.
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message if absolutely necessary. EDF SA 22-30, avenue de
Wagram 75382 Paris cedex 08Capital de 1 525 484 813
euros552 081 317 R.C.S. Paris www.edf.fr |
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- PR_EDF notifies the exercise of its put option on its
participation in CENG certified