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Constellation, EDF moving forward with nuclear sale

Capital Gazette Communications
Published 11/03/09

Constellation Energy and Electricite de France are moving quickly to close their nuclear power deal under conditions imposed by the state Public Service Commission, including a $100 rebate for Baltimore Gas and Electric Co. ratepayers.

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Announcements by both companies yesterday will likely mean almost half of Constellation's nuclear assets will be sold to EDF for $4.5 billion, closing another chapter in Maryland's turbulent energy history - at least for now.

"Through its investment in Constellation Energy's nuclear business, EDF has chosen Maryland to be at the center of its growth efforts in the United...

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