Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Tuesday, October 27, 2009

* Md. governor to clear Constellation-EDF deal with certain conditions

* Md. governor to clear Constellation-EDF deal with certain conditions
Maryland Gov. Martin O'Malley is prepared to approve the agreement between Constellation Energy Group and Electricite de France if certain conditions are met, including a one-time 10% credit for Baltimore Gas & Electric customers. The governor wants to make sure safeguards are in place despite assurances from Constellation officials that the deal will save ratepayers' money and produce millions of tax dollars. WBAL-TV (Baltimore) (10/26)
http://www.wbaltv.com/politics/21430390/detail.html

* Constellation reacts to conditions on nuclear deal with EDF: Constellation said its planned $4.5 billion deal with Electricite de France could break down if Maryland regulators insist on imposing costly conditions, such as the one-time credits proposed by Maryland Gov. Martin O'Malley. "This transaction will not be closed at all costs or under any conditions," Constellation lawyers contended in a final brief submitted to the state Public Service Commission. The Sun (Baltimore) (10/27) http://www.baltimoresun.com/business/bal-md.constellation27oct27,0,6120432.story

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