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Industrial Info Resources: Constellation Energy Posts $1.41 Billion 4Q08 Net Loss on Canceled Merger Charges, an Industrial Inf


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Published in Business and Finance on , Last Modified on 2009-02-20 04:11:15 by Market Wire   Print publication without navigation


SUGAR LAND, TX--(Marketwire - February 20, 2009) - Researched by Industrial Info Resources (Sugar Land, Texas) -- The Constellation Energy Group (NYSE:CEG) (Baltimore, Maryland) has reported a fourth-quarter 2008 net loss of $1.41 billion on losses related to the cancellation of the company's sale to the MidAmerican Energy Holdings Company (Des Moines, Iowa). Vice Chairman Mike Wallace said the company is now focusing on a new joint venture with Electricite de France SA (EPA:EDF) (Paris) to sell half of its nuclear business for $4.5 billion to the French company.

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Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to [ powergroup@industrialinfo.com ] or visit us online at [ www.industrialinfo.com ].

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