NRC regulations prohibit a license transfer recipient from being owned, controlled, or dominated by a foreign individual or entity; the agency’s approval of this transfer contains several conditions to prevent foreign control of the nuclear power plants, including:
The proposed transfer’s operating agreement may not be modified concerning decision-making authority over safety issues without the prior written consent of the director of the NRC’s Office of Nuclear Reactor Regulation;
At least half the members of CENG’s board of directors must be US Citizens;
CENG’s chief executive officer, chief nuclear officer and chairman of the board of directors must be US citizens and shall have exclusive authority to ensure the company’s business and activities with respect to the affected reactors and the Calvert Cliffs ISFSI are at all times conducted in a manner consistent with the public health and safety and common defense and security of US; and
CENG will establish a Nuclear Advisory Committee, composed of US citizens who are not officers, directors, or employees of CENG, CEG or EDF Development, to report to the NRC and other US agencies regarding foreign ownership and control of nuclear operations.
EDF Development is a US subsidiary of Électricité de France S.A.
