Winston Reps Constellation In $1.1B Power Plant Buy

Law360, New York (August 9, 2010, 3:28 PM EDT) -- Constellation Energy Group Inc. on Monday announced its $1.1 billion stalking horse bid for power plants owned by Boston Generating LLC, which plans to seek bankruptcy protection to make the sale.

If it is approved, it will be considered the minimum price to beat at an auction that would be held later this year.

Under the agreement, Constellation would acquire a 2,950-megawatt fleet of plants in the Boston area, the third largest in New England.

The purchase is part of an effort by Constellation to acquire...
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