Thursday, September 07, 2006

Constellation/FPL Merger Delayed

The Baltimore Sun:
The Public Service Commission has rejected Constellation Energy Group's request to accelerate hearings on its proposed merger with a Florida utility owner, saying consumer advocates and other parties concerned about the $11 billion deal need the extra time to prepare their arguments in the case.

The decision filed late Thursday means the Baltimore energy company and FPL Group Inc., of Juno Beach, Fla., will miss a self-imposed Dec. 31 deadline to get the deal completed.