Constellation Defends $4.5B Electricite De France Deal

Law360, New York (October 27, 2009, 6:32 PM EDT) -- Facing a challenge from public advocacy groups and pressure to hand out electricity bill rebates, Constellation Energy Group Inc. has told Maryland regulators that the proposed $4.5 billion sale of 49.99 percent of its nuclear power assets to Electricite de France SA will not hurt state ratepayers.

In a lengthy brief filed Monday before the Maryland Public Service Commission, the company warned that attempts by Maryland Gov. Martin O'Malley and others to secure juicy rebates for 1.1 million customers of Constellation's Baltimore Gas & Electric Co....
To view the full article, register now.