Bracewell Reps Constellation In $143M Power Retailer Buy

Law360, New York (May 27, 2011, 5:17 PM EDT) -- Baltimore-based energy provider Constellation Energy Group Inc., itself in the midst of being swallowed by Chicago-based Exelon Corp., continued a buying spree Friday with the $142.5 million cash purchase of Houston electricity retailer StarTex Power and its 170,000 customers.

The deal, which gives the buyer a foothold in the Texas mass market, comes just over two weeks after Constellation said May 12 that it would pay $175 million to buy Stamford, Conn.-based MXenergy, a retail natural gas and electricity supplier with about 540,000 customers in the...
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