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October 30, 2009

PSC report on Constellation/EDF deal due noon today

The Public Service Commission's decision on EDF Group's proposal to buy half of Constllation Energy's nuclear-energy business for $4.5 billion is due at noon. Stay tuned.

Also, Hanah Cho reports:

Baltimore's Constellation Energy Group said Friday it remains committed to selling half of its nuclear power business to a French utility after reports surfaced earlier this week that Electricite de France wants to scrap the $4.5 billion deal.

Posted by Jay Hancock at 11:19 AM | Permalink | Comments (0)
Categories: BGE/electricity

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About Jay Hancock

Jay Hancock has been a financial columnist for The Baltimore Sun since 2001. He has also been The Baltimore Sun's diplomatic correspondent in Washington and its chief economics writer. Before moving to Baltimore in 1994 he worked for The Virginian-Pilot of Norfolk and The Daily Press of Newport News.

His columns appear Tuesdays and Sundays.

Follow @jayhancock1 on Twitter