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Constellation Energy Group closed a deal Friday to sell half its nuclear power business to a French utility, one week after Maryland regulators approved the $4.5 billion transaction with conditions. Full Article at Baltimore Sun
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The boards of Constellation Energy and EDF on Friday completed a $4.5 billion transaction, securing a future for the proposed third reactor at Calvert Cliffs Nuclear Plant. Full Article at The Washington Post
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The agreement ends a nearly year-long drama that had been playing out since the nation’s financial markets began to freefall in September 2008. Full Article at Baltimore Business Journal
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announced Friday that it has closed a deal to sell half of its nuclear power business to a French utility, exactly a week after Maryland regulators approved the $4.5 billion transaction with conditions. Full Article at Baltimore Sun
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Constellation Energy Group and France's EDF agreed Monday with conditions set by Maryland regulators to move forward with a $4.5 billion joint nuclear venture. Full Article at The Seattle Times
Related Quotes
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Our businesses delivered strong quarterly results and our nuclear and fossil fleets maintained top-tier reliability and operating performance
SOURCE: Baltimore Sun -
My responsibility is to make sure this deal does not turn out to be too expensive for consumers ... If safeguards are in place, then this merger could be a good thing in the long run.
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At this point, there should be a middle ground here where both parties can feel like they're getting a lot of what they're asking for ... We went from being fairly uncertain in terms of handicapping the outcome to feeling that the transaction now is much more likely.
SOURCE: Baltimore Sun
