Exelon, Constellation Reach Accord With Md. Over Merger

Law360, New York (December 15, 2011, 1:38 PM EST) -- Maryland's governor unveiled a settlement with Exelon Corp. on Thursday over its proposed $7.9 billion merger with Constellation Energy Group Inc. that would mean a bigger investment in the state's economy, thousands of additional jobs and a greater energy production commitment.

Baltimore-headquartered Constellation is the parent of Baltimore Gas and Electric Co., Maryland's largest gas and electric utility. Exelon in April announced its plans to buy Constellation in a stock-for-stock transaction that would create the nation's largest competitive power generator, and the Maryland Public Service Commission...
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