[cdn-nucl-l] Exelon's growing nuclear fleet

[AtomicRod@aol.com]

Several weeks ago I posted a message that described Exelon's reactor fleet as 
growing. There were several questions about the direction for that growth. It 
appears likely that one area for immediate expansion is to increase the 
ownership share for the three reactors that are currently owned by Amergen, a 
joint venture with British Energy. This sale is projected as part of the 
reorganization of BE. Entergy is apparently also interested in purchasing 
British Energy's holding in Amergen, but I would bet on Exelon.

I had also expected Exelon to be a prime contender for the BE's Canadian 
holdings in Bruce Power, but a recent Google search revealed that a CAMECO 
led consortium won the bidding war. Here is an article about the total 
package deal.

http://www.stockhouse.ca/news/news.asp?tick=CCO&newsid=1450732

It looks to me like CAMECO got a great price, but that is to be expected in a 
situation where the seller is being forced to sell in a hurry. I would warn 
CAMECO to watch their partners carefully, though. Transcanada Pipelines may 
be interested in something other than maximum profitability from their stake 
in Bruce Power.

Rod Adams