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Constellation Energy Releases Statement Regarding EDF Letter on UniStar Joint Venture

^{Published on 2010-10-13 15:25:32 - 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

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