Business & Finance
Thu, October 21, 2010Wed, October 20, 2010Tue, October 19, 2010Mon, October 18, 2010Sun, October 17, 2010Fri, October 15, 2010Thu, October 14, 2010Wed, October 13, 2010Tue, October 12, 2010Mon, October 11, 2010Fri, October 8, 2010Thu, October 7, 2010Wed, October 6, 2010Constellation Energy Releases Statement Regarding EDF Letter on UniStar Joint Venture
Published in Business and Finance on Wednesday, October 13th 2010 at 15:25 GMT by Market Wire
BALTIMORE--([ BUSINESS WIRE ])--Constellation Energy (NYSE: CEG) today released the following statement:
"With respect to the separate matter of the put option, we will hold EDF to its stated commitment to stand fully behind its contractual obligations."
aConstellation Energy today received a letter from EDF generally describing ideas for a potential restructuring of our UniStar partnership. Constellation Energy looks forward to discussing the details.
aWith respect to the separate matter of the put option, we will hold EDF to its stated commitment to stand fully behind its contractual obligations.a
About Constellation Energy
Constellation Energy ([ www.constellation.com ]) is a leading supplier of energy products and services to wholesale and retail electric and natural gas customers. It owns a diversified fleet of generating units located in the United States and Canada, totaling approximately 9,000 megawatts of generating capacity, and is among the leaders pursuing the development of new nuclear plants in the United States. The company delivers electricity and natural gas through the Baltimore Gas and Electric Company (BGE), its regulated utility in Central Maryland. A FORTUNE 500 company headquartered in Baltimore, Constellation Energy had revenues of $15.6 billion in 2009.
Forward-Looking Statements
We make statements in this press release that are considered forward-looking statements within the meaning of the Securities Exchange Act of 1934. These statements are not guarantees of our future performance and are subject to risks, uncertainties and other important factors that could cause our actual performance or achievements to be materially different from those we project. For a full discussion of these risks, uncertainties and factors, we encourage you to read our documents on file with the Securities and Exchange Commission, including those set forth in our periodic reports under the forward-looking statements and risk factors sections. Except as required by law, we do not intend to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
