Reporting a sea of red ink from its aborted merger and the shrinking of its trading business, Constellation Energy Group’s senior officials last Wednesday expressed confidence that the pending joint venture on its nuclear power plant fleet with Electricite de France SA (EDF) will bring stability and liquidity to the troubled energy holding company and parent to still-profitable Baltimore Gas and Electric Co. (BG&E).
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Constellation Looks Through Red Ink to Stability from EDF Deal
Reporting a sea of red ink from its aborted merger and the shrinking of its trading business, Constellation Energy Group’s senior officials Wednesday expressed confidence that the pending joint venture on its nuclear power plant fleet with Electricite de France SA (EDF) (see Daily GPI, Dec. 18, 2008) will bring stability and liquidity to the troubled energy holding company and parent to still-profitable Baltimore Gas and Electric Co. (BG&E).
February 19, 2009
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