Maryland Gov. Bob Ehrlich late Friday vetoed two pro-consumer bills that had threatened to topple the proposed merger of Constellation Energy Group Inc. and FPL Group. A third measure vetoed by Ehrlich called for the dismissal of the state’s Public Service Commission (PSC) members.
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WSJ: ChevronTexaco Could Topple Phillips-Conoco Merger
ChevronTexaco Corp., which this week reported a huge drop in earnings for 2001 related to their merger, are set to go after either Phillips Petroleum Co. or Conoco Inc. to pick up assets that would boost production, according to an article in Wednesday’s Wall Street Journal. Phillips and Conoco announced their merger of equals last year, which would create the third largest integrated major in the United States and the sixth largest in the world (see Daily GPI, Nov. 20, 2001).
January 31, 2002
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