Constellation Seeks Approval Of Sale To Exelon
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.
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