Constellation appeals nuclear joint venture finding

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. Constellation Energy said today that it would ask the Circuit Court for Baltimore City to expedite

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