Constellation, French firm finalize sale

BALTIMORE — Constellation Energy has completed a $4.5 billion deal with Electricite de France for almost half the Maryland company’s nuclear assets, the businesses announced Friday.

Other conditions include a $250 million cash infusion to BGE, dividend restrictions and “ring-fencing” rules to safeguard BGE, such as bankruptcy protection and credit-rating separation.

“With the close of the transaction, the companies look forward to working together to deliver the expected economic, environmental and clean energy benefits created by the joint venture,” the businesses said in a statement.