French Utility to Acquire Part of U.S. Nuclear Giant

The French national utility will acquire a 49.9 percent stake in a major American nuclear operator, in a new push into the American power industry, which is the source of much of the French nuclear technology.

The EDF Group, which includes Electricite de France, will buy the stake in the nuclear operations of Constellation Energy, the parent company of Baltimore Gas and Electric, for $4.5 billion. For Constellation, the deal replaces a proposed merger with MidAmerican Energy Holdings, run by the investor Warren E. Buffett, which would have taken Constellation Energy private.

…And, Mr. Wallace said,