EI News and Notes

Cameco Acquires NUKEM

Cameco Corporation, one of the world’s largest uranium producers, acquired the NUKEM Group, one of the world’s leading traders and brokers of nuclear fuel products and services. EI Principal Philip B. Nelson assisted attorneys at the law firm of Akin Gump, which represented Cameco, in gaining clearance of this acquisition from antitrust authorities. He helped in preparing filings before the U.S. Department of Justice Antitrust Division and the Ministry of Commerce of the People’s Republic of China. Dr. Nelson was assisted by EI Vice President Henry B. McFarland and EI Senior Economist Su Sun.

EI Listed Among 20 Top Economics Consulting Firms

Economists Incorporated was listed in Global Competition Review’s survey of the world’s 20 leading consulting firms in competition economics. The survey cited EI’s work in price fixing cases involving liquid crystal displays (LCDs), polyurethane foam and tire tread rubber. It also noted EI’s work involving mergers in a number of industries, including healthcare and energy.

NRG Energy Merged with GenOn Energy

EI Principal John R. Morris led a team at EI that assisted NRG Energy, Inc. in obtaining approvals to merge with GenOn Energy. NRG and GenOn both owned generation fleets throughout the United States. The parties obtained clearances from the U.S. Department of Justice, the Federal Energy Regulatory Commission, and the New York Public Service Commission. No generation unit divestitures were required for closing the merger. EI worked closely with Skadden, Arps, Meagher & Flom, Kirkland and Ellis, and Nixon Peabody on the matter.