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Constellation Seeks Approval Of Sale To Exelon

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Constellation Energy

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BALTIMORE (AP) — Constellation Energy Group has filed with Maryland energy regulators an application seeking approval of its sale to Exelon Corp.

In the application filed Wednesday, Constellation and Chicago-based Exelon argue for the $7.9 billion deal. It would
create the largest competitive power supplier in the United States.

The companies’ incentive package includes a $100 credit for each customer of Constellation’s regulated utility, Baltimore Gas & Electric Co.

Maryland’s Public Service Commission has 180 days under state law to make a decision.

In an unrelated development, Constellation’s largest shareholder, the French utility EDF, is voting against CEO Mayo A.
Shattuck’s compensation.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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