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French electricity giant EDF said on Monday it now holds nearly 89 percent of nuclear operator British Energy and it will extend its offer to secure the remaining shares until January 5. EDF said that by the scheduled close of its 15.6 billion euro (13.4 billion pound) offer on December 5, it held 88.67 percent of British Energy's shares, including its original stake of 26.48 percent.

Energy concern Delta is to block the sale of Essent's 50% stake in the Netherlands' only nuclear power plant to the German power giant RWE, reports the Financieele Dagblad on Thursday. Delta and Essent are joint owners of the Borssele nuclear power station. On Monday RWE made a bid of €9.3bn to takeover Essent's commercial activities.

The takeover of Holland's biggest energy utility Essent by the German power giant RWE announced yesterday includes the Dutch firm's 50% stake in the Netherlands' only nuclear power plant, Borssele, reports Tuesday's Financieele Dagblad. Dutch economic affairs minister Maria van der Hoeven said in October that the possibility of Dutch nuclear energy facilities coming into foreign hands was 'not an option', the paper says. The remaining 50% of Borssele is owned by the Dutch utility Delta.

The sale of Nuclear Fuel Services to a Virginia-based company could be finalized before the new year, said Tony Treadway, spokesman for the Erwin firm said Monday. NFS' sale to Lynchburg, Va.-based Babcock & Wilcox Co., a subsidiary of McDermott International Inc., and its affiliate Nuclear Operations Group, was announced in August. The sale of the 50-year-old industrial institution should be closed by Dec. 31 or Jan. 1, Treadway said, adding that he could not provide further details about what changes will be made at the company.

* EDF offers $4.5 bln for half of CEG's nuclear assets * Option to buy $2 bln nonnuclear assets * EDF says offer values CEG at around $52/share * EDF shares down 0.5 percent, Constellation up 10 pct (Adds comment from analyst and investor, updates share prices) By Astrid Wendlandt and Michael Erman PARIS/NEW YORK, Dec 3 (Reuters) - French power company EDF (EDF.PA: Quote, Profile, Research, Stock Buzz) unveiled a plan to pay as much as $6.5 billion for 50 percent of Constellation Energy Group Inc's (CEG.N: Quote, Profile, Research, Stock Buzz) nuclear business and other assets in an attempt to torpedo a rival offer from investor Warren Buffett. If successful, the bid would give the world's largest nuclear utility a solid foothold in the United States, the world's biggest nuclear energy market, and represents a major plank of EDF's global expansion strategy.

French Energy company EDF has won permission from the European Union competition authorities to buy British Energy, subject to certain conditions. EDF has to sell one plant it owns and one that British Energy (BE) owns, and sell a minimum amount of electricity to the British wholesale market. It also has to end a connection agreement with the National Grid.

It's the eve of 2009, but a year from now, he'll be immersed in a campaign for re-election. He'd like to be running on a record of rate relief for consumers of electricity - and possibly re-regulation of the energy industry. Thus, at the governor's urging, Attorney General Douglas F. Gansler recently held that the Public Service Commission has the authority to review a blockbuster deal struck between Constellation Energy Group and one of its shareholders, Electricite de France.

Areva and Japanese partners said they have formed a new fuel company in a four-party agreement, the companies said in a December 22 press statement. The four companies are Mitsubishi Heavy Industries Ltd., Areva, Mitsubishi Materials Corp., and Mitsubishi Corp. The New Company, as they called it, "will be a full-fledged nuclear fuel supplier, integrating development, design, manufacturing and sales of nuclear fuel." The companies said they "are now entering into more detailed discussions with the target of having the New Company established during the first half of 2009." Mitsubishi Nuclear Fuel Co. Ltd. will be restructured and MHI, MMC and Areva "will transfer their related business" to the new company.

Exelon Corporation recently announced it has filed an application with the Federal Energy Regulatory Commission (FERC) for approval of Exelon's proposed combination with NRG Energy, Inc. Exelon has also filed notification with the U.S. Department of Justice and the Federal Trade Commission of its intention to acquire NRG, in compliance with federal premerger notification requirements.

Power company Exelon Corp expects to extend its hostile bid for NRG Energy Inc past the January 6 deadline as it awaits regulatory approvals, the company said in a regulatory filing on Tuesday. Exelon, which has offered to buy Princeton, New Jersey-based NRG at a price now valued at about $5.8 billion, has sought U.S. regulatory approval for the deal, although NRG management has rejected the offer as too low.

More than a dozen members of citizen and environmental groups protested Constellation Energy's nuclear energy partnership with a French utility at the company's Baltimore headquarters this morning and said they were concerned about additional investment in nuclear energy and the way those plants will be financed. Last week, Paris-based Electricite de France agreed to invest $4.5 billion in Constellation's nuclear facilities in exchange for a 49.99 percent ownership stake. This follows a joint venture started last year between EDF and Constellation to develop four new nuclear reactors, including a third at Calvert Cliffs.

NRG's board of directors has unanimously rejected Exelon Corp.'s unsolicited takeover bid, NRG announced November 24. Howard Cosgrove, chairman of the NRG board, said in a press statement that the "Exelon offer is inadequate, dilutive, significantly undervalues NRG and does not fully reflect the underlying fundamental value of NRG's assets, operations and strategic plan," including its market position and prospects for future growth. NRG, based in Princeton, New Jersey, owns and operates one of the country's largest and most diverse power-generating portfolios, including its 44% stake in the two-reactor South Texas Project. Two additional reactors are being considered for that nuclear power plant. NRG added that Exelon's offer might have required "refinancing of all or a significant amount of NRG's existing indebtedness and yet Exelon has not publicly announced that it has committed financing for the offer."

Exelon Corp, the largest nuclear power operator in the United States, made an unsolicited offer to acquire NRG Energy Inc (NRG.N: Quote, Profile, Research, Stock Buzz) for $6.2 billion in stock, in a move to expand geographically and boost earnings and cash flow. The combined company would be the No. 1 U.S. power company, with generating capacity of around 47,000 megawatts, or enough electricity to serve nearly 45 million homes, Exelon said in a statement on Sunday.

Exelon Corp launched a hostile bid for NRG Energy Inc (NRG.N: Quote, Profile, Research, Stock Buzz) on Tuesday, two days after the power producer rejected its $6 billion-plus offer. "Their decision to reject our proposal, without any discussion with us as to the merits or structure of our proposal, has left us with no choice but to bring the offer directly to the NRG shareholders," Exelon Chairman and Chief Executive John Rowe said in a statement.

Power giant and utility operator Exelon Corp. said Tuesday that it is taking its all-stock bid of around $6 billion for NRG Energy Inc. directly to shareholders after NRG executives rejected it as being too low. Exelon said it will start the exchange offer Wednesday for all of NRG's shares.

The US Federal Energy Regulatory Commission authorized Thursday EDF Development's $4.5-billion purchase of an almost-50% stake in Constellation Energy group's nuclear generation and operations business. At the same time, the commission approved an agreement that gives Constellation the option to sell its interests in non-nuclear plants and other assets to EDF, if the companies agree on any such deals. The agreement specifies that any such deals would total up to $2 billion.

Russian state uranium holding Atomenergoprom said on Tuesday it had bought stakes in uranium deposits located in Kazakhstan from tycoon Vladimir Anisimov for an undisclosed sum through its unit Atomredmetzoloto (ARMZ). State-controlled Gazprombank, the banking arm of Russian gas giant Gazprom (GAZP.MM), said in a separate statement it had provided ARMZ with a loan for the acquisition of the assets.

NRG says again Exelon bid too low * Says financing plan "troubling" * Exelon unavailable for comment LOS ANGELES, March 12 (Reuters) - NRG Energy (NRG.N), trying to fight off a hostile bid from rival utility Exelon Corp (EXC.N) worth potentially about $5.6 billion, blasted theoffer as being too cheap and urged shareholders on Thursday again to reject the deal. Top NRG executives have been trying to fend off Exelon since October, when the offer to swap 0.485 Exelon shares for each NRG share was broached. [ID:nN26538238] But Exelon, the largest nuclear power operator in the United States, said last month its bid had won support from a majority of NRG's shareholders, and hence extended the deadline on its offer to June 26.

Uranium One Inc. is buying several uranium facilities in Wyoming's Powder River Basin, including in Campbell and Johnson counties. The company said this week that it has agreed to pay $35 million for the Irigaray in-situ recovery central processing plant in Johnson County, the Christensen Ranch processing facility in Campbell County and several uranium resources in the Powder River Basin. The company also plans to open a separate processing facility at the Moore Ranch in southern Campbell County. Uranium One is one of the world's largest uranium producers and has assets located in Kazakhstan, Australia and South Africa, as well as the United States. It says its buying the facilities from subsidiaries of AREVA and EDF.

After a nine-month fight, Exelon's $7.4 billion, all-stock bid to create the nation's largest power generator by buying NRG Energy is coming to a head, maybe. NRG shareholders on Tuesday will vote on Exelon's proposal to increase the size of NRG's board and with it, a group that would be more open to a deal. NRG has rejected two previous offers. NRG repeatedly has said a deal isn't being ruled out, but that Exelon has to bring more to the table. Many industry experts agree.