10/30/2009 - French nuclear power operator EDF is facing pressure from its government to abandon a $4.5 billion deal with Constellation Energy (NYSE:CEG), according to a Financial Times Report. The 84% state-owned company had planned to buy 49.9% of Constellation's nuclear assets and build four nuclear reactors with the company. Officials are wondering whether the company should focus on Europe. One senior civil servant was quoted as saying, "There is a question over whether EDF should continue with Constellation . . . It could still win contracts in the US (as an operator or builder of power stations) and it is not a stupid idea to make EDF a European leader." Henri Proglio, who is set to take head position at EDF next month, told deputies that he was "not sure that [the US deal] needed to be done".

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