Target: Henri Proglio, Chairman and CEO of The EDF Group
Goal: Commend utility company for dropping its stake in American nuclear power
The EDF Group, the world’s largest operator of nuclear power plants, is abandoning its stake in American reactors. Specifically, the French utility company announced that it will sell its shares of Constellation Energy Nuclear Group (CENG), which operates five nuclear reactors in New York and Maryland. Henri Proglio, Chairman and CEO of EDF, stated that the company would now focus on renewable energy in the United States.
The EDF Group’s investments in nuclear power began in 2008, when Proglio’s predecessor Pierre Gadonneix bought a 49 percent stake in Constellation’s nuclear plants for $4.7 billion. Now, according to International Energy Agency analyst Dennis Volk, CENG’s eastern U.S. power plants are “located in some of the most competitive power markets in the country, with high price competition, growing wind capacity, and cheap gas.” Also, several nuclear reactors in the U.S. have already been closed due to the immense costs that are needed to maintain them as they grow older.
Mr. Proglio states that “the spectacular fall of the price of gas in the U.S., which was imaginable a few years ago, has made this form of energy ultra competitive vis a vis all other forms of energy.” Yet, instead of devoting all of its attention to gas, EDF has decided to invest in American renewable energy . The company already employs 860 people in U.S. solar and wind.
It’s important to note that EDF is not completely abandoning nuclear power; the company is still in talks with the UK government about building reactors in Britain. While the profit motive certainly influenced the company’s decision to abandon American nuclear power, EDF’s renewable energy agenda should have a positive environmental impact. By signing this petition, you are commending EDF’s decision to divest in U.S. nuclear power and increase its focus on renewable energy development.
Dear Mr. Proglio,
As the world’s largest operator of nuclear power plants, EDF is sending an important signal by abandoning its stake in American reactors. In addition, your company further bolsters its reputation by focusing on renewable energy in the United States.
A senior fellow at the Vermont Law School’s Institute for Energy and the Environment recently stated that the tough times the nuclear power industry faces today are only going to get tougher. Furthermore, nuclear power is currently being undermined by the falling price of gas. Instead of devoting your full attention to gas, your company has adopted an encouraging renewable energy agenda.
While the profit motive certainly influenced your decision to abandon American nuclear power, EDF’s renewable energy plans should have a positive environmental impact. I commend your company’s decision to divest in U.S. nuclear power and focus on renewable energy development.
[Your Name Here]
Photo Credit: Stefan Kühn via Wikimedia Commons