Summary
A $10.8 billion utility merger that could have provided nearly $600 million in rate relief to customers died this week, Constellation Energy Group said.
On Wednesday, Constellation cited interference from the state in terminating its proposed merger with FPL Group. The proposed merger, announced in December, would have created one of the nation's largest energy conglomerates.See the full content of this document
Extract
Power Company Merger Canceled
Juno Beach, Fla.-based FPL Group, with operations nationwide, derives most of its revenue from its utility subsidiary, Florida Power & Light. Constellation Energy, based in Baltimore, operates B...
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