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Global Nuclear Fuel-Americas gets $300M contract

Thu, 05/26/2011 - 3:06pm
The Associated Press

Global Nuclear Fuel-Americas, a joint venture of General Electric Co., Toshiba Corp. and Hitachi Ltd., announced Thursday that it has received a $300 million contract from Constellation Energy Nuclear Group LLC to provide fuel and related services to Constellation's Nine Mile Point nuclear facility in New York state.

Nine Mile Point is a two-unit boiling water reactor station, designed by GE, located in Scriba, N.Y., north of Syracuse. The two units generate about 1,750 megawatts, supplying energy for more than 1 million households, Global Nuclear Fuel-Americas said in a news release.

Constellation Energy Nuclear Group, based in Baltimore, is a joint venture of Constellation Energy Group Inc. and France's EDF Group SA. It owns and operates five nuclear reactors at three sites in New York and Maryland.

GE shares rose 20 cents to close at $19.42 on Thursday. Shares of Constellation Energy declined 5 cents to end at $36.89.

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