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Tuesday, September 20, 2011

O'Malley administration: Commission Should Reject Constellation-Exelon Deal

The O'Malley administration is asking state regulators to reject Constellation Energy Group's plan to sell itself to Chicago-based Exelon Corp. unless the companies provide greater assurance that the new owner can deliver reliable service to Maryland customers.

The Maryland Energy Administration also raised concerns about the merged company's exposure to the nuclear energy business, and said it should develop more than 10 times as much state-based renewable energy resources than Constellation and Exelon have promised.

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