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A bit strange... From my completely unprofessional view Constellation is an order of magnitude more attractive than British Energy. Especially considering the (very low vs. very hig) price, the quality of the generation portfolio (high vs. mediocre) and the fact that Constellation has the UniStar joint venture with EdF, which Areva is to sell an EPR.

I think Buffet just was faster and more nimble than EdF.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid (arvid.hallen at gmail.com) on Sun Sep 21st, 2008 at 10:08:06 AM EST
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Nuclear energy is heavily political and government related. I would suppose that EDF is more confident of getting a political hearing in London than in the US...

Plus, BE is really a real estate deal (ie sites already approved for nuclear plant construction), not a purchase of existing assets.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Sun Sep 21st, 2008 at 02:21:52 PM EST
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