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Home > Company Index > Utilities > Independent Power Producers & Marketers > AmerGen Energy Company, LLC

AmerGen Energy Company, LLC
 PROFILE
Three Mile Island looked like an opportunity, not a disaster, to AmerGen Energy, which acquires and operates nuclear plants as an independent power producer in North America. A joint venture between British Energy and Exelon (formerly PECO Energy), AmerGen was formed to capitalize on a marketplace in which utilities are unloading their nukes due to new laws or high operational costs. AmerGen acquired GPU's Three Mile Island Unit 1 (Unit 2 melted down in 1979) and Illinova's Clinton plant in 1999 and GPU's Oyster Creek facility in mid-2000. More bidders have entered the nuclear market since then, and several acquisition attempts by AmerGen have been rejected by utilities that instead wanted to auction off the assets.

 COMPETITION
Constellation Energy Group, Inc. (CEG)
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Entergy Corporation (ETR)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
1997 Sales (mil.): 0.00
Employees: 790
Revenue per employee: $0.00

 KEY PEOPLE
• Jack L. Skolds
    CEO

 CONTACT INFO
200 Exelon Way
Kennett Square, PA 19348
US
Phone: 610-765-5493
Fax: 610-765-5789

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