EDF bows out of Exelon
French utility EDF has disposed of its entire 1.6% stake in US energy group Exelon, generating proceeds of around $470 million, which corresponds to around $34.70 per share. EDF still owns 49.99% of US nuclear generator Constellation Energy Nuclear Group with Exelon owning the remaining 50.01%.
Cameco completes on Nukem
Canadian uranium company Cameco has completed its acquisition of uranium and nuclear fuel trader and broker Nukem Energy GmbH. The Canadian company paid a total of €107 million ($140 million) to Nukem's former owner Advent International and other shareholders, as well as assuming Nukem's debt of about €84 million ($111 million), which has reduced since the transaction was announced in May 2012.
Bushehr back at full power
Iran's first nuclear power plant at Bushehr has been reconnected to the grid and is operating at full capacity again after being taken offline for two months, the Iranian Atomic Energy Organization (IAEO) announced. Fuel had been unloaded from the Russian-supplied reactor in November "to check the fuel and reactor," the IAEO said. The 1000 MWe unit, which was first connected to the grid in September 2011, has yet to officially start commercial operation.