AmerGen buying two more U.S. nuclear reactors -FT

["Sandy Perle" <sandyfl@earthlink.net>]

Sunday June 13, 9:34 pm Eastern Time

AmerGen buying two more U.S. nuclear reactors -FT

LONDON, June 14 (Reuters) - Power generator AmerGen Energy Co is 
buying two U.S. nuclear reactors in a deal that could be worth up to 
375 million pounds ($605 million), the Financial Times reported on 
Monday.  

AmerGen, a joint venture between British Energy Plc (quote from 
Yahoo! UK & Ireland: BGY.L) and U.S.-based PECO Energy (NYSE:PE - 
news), was buying two boiling-water reactors in New York state owned 
by the Niagara Mohawk Power Corp utility (NYSE:NMK - news), the 
newspaper said.  

It did not identify its sources and said British Energy had declined 
to comment on the deal.  

The report did not say how AmerGen would finance the acquisitions.

The two reactors would have a combined capacity of nearly 1,800 MW.

AmerGen has already bought the Three Mile Island 1 nuclear plant in 
Pennsylvania and is in the process of buying the Clinton nuclear 
plant in Illinois.  

($1 = 0.6196 pounds)

Sandy Perle
E-Mail: sandyfl@earthlink.net 
Personal Website: http://www.geocities.com/capecanaveral/1205

"The object of opening the mind, as of opening 
the mouth, is to close it again on something solid"
              - G. K. Chesterton -
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