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One method for keeping regulators happy

Started by Joelle, December 18, 2008, 12:00:59 AM

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Joelle

One method for keeping regulators happy
      


State regulators and politicians have torpedoed plenty of utility deals in recent years, including Exelon’s failed takeover of PSEG and FPL’s scuttled purchase of Constellation Energy.
The parties involved in EDF’s agreement to buy nearly half of Constellation Energy’s nuclear power assets claim that they do not need the approval of Maryland regulators to close the deal. Still, [...]
         

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