Constellation appeals nuclear joint venture finding
Constellation Energy has announced plans to appeal the Maryland Public Service Commission's (PSC) decision to require a pre-approval process for its pending nuclear joint venture with EDF Group.
In an announcement made today, the PSC expressed concerns that EDF's investment in Constellation's nuclear business could give the French company the ability to exercise substantial influence over Constellation's regulated utility, Baltimore Gas and Electric Company (BGE). It has recommended a pre-approval process, which could delay the close of transaction with EDF, announced in December 2008
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