Constellation Energy Receives Unsolicited Proposal From Électricité de France

Constellation Energy confirmed that it has received an unsolicited proposal from Électricité de France (EDF). The main components of EDF’s proposal are: * EDF would purchase a 50% ownership interest in the nuclear generation and operation business of Constellation Energy (excluding Constellation Energy’s existing interest in the UniStar joint venture) for $4.5 billion, subject to certain adjustments; * EDF would make an immediate $1... Read more..

Constellation Energy Receives Unsolicited Proposal From Électricité de France

Constellation Energy confirmed that it has received an unsolicited proposal from Électricité de France (EDF). The main components of EDF’s proposal are: * EDF would purchase a 50% ownership interest in the nuclear generation and operation business of Constellation Energy (excluding Constellation Energy’s existing interest in the UniStar joint venture) for $4.5 billion, subject to certain adjustments; * EDF would make an immediate $1... Read more..

EDF Energies Nouvelles Signs Close to 1,000 MW of New Operations & Maintenance Contracts in the United States

As part of its Operations & Maintenance business, EDF Energies Nouvelles is announcing the signature, by its US subsidiary enXco, of four new contracts covering 981 MW in capacity with US electricity companies. These contracts lift the total capacity managed by EDF EN under operations & maintenance contracts in the United States to over 3,000 MW. enXco, leader in operation and maintenance services for wind farms in the United States, has... Read more..

MidAmerican and Constellation Energy Receive Early Termination of Hart-Scott-Rodino Act Waiting Period

MidAmerican Energy Holdings Company and Constellation Energy announced early termination of the waiting period required under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, related to MidAmerican’s proposed merger with Constellation Energy. “The clearance of the Hart-Scott-Rodino Act is another step forward in achieving the necessary regulatory approvals required to complete this transaction,” said Gregory E. Abel, president and chief... Read more..

Constellation Energy Provides Update on Liquidity and Strategic Initiatives

Constellation Energy provided an update on its previously announced plans to increase available liquidity and reduce risk in its commodities businesses. Constellation Energy announced that the closing of the previously announced credit facility has been extended to no later than Nov. 26 and currently expects to receive total commitments from the banks of approximately $1.0 billion to $1.25 billion. The company also announced that it is exploring other... Read more..

Constellation Energy Announces Key Executive Appointments

Constellation Energy announced two new management appointments – Jonathan (Jack) W. Thayer as chief financial officer and Charles A. Berardesco as general counsel – as the Company progresses toward closing its merger with MidAmerican Energy Holdings Company. The appointments are effective immediately. “Jack and Charlie are talented and experienced executives, who possess extensive knowledge of their disciplines, as well as a deep understanding... Read more..

Constellation Energy Files Preliminary Proxy Statement for Proposed Merger with MidAmerican Energy Holdings Co.

MidAmerican Energy Holdings Company and Constellation Energy announced that Constellation Energy has filed preliminary proxy materials with the Securities and Exchange Commission (SEC) related to its proposed merger with MidAmerican Energy Holdings Company. On Sept. 19, MidAmerican and Constellation Energy reached a definitive merger agreement in which MidAmerican will purchase all of the outstanding shares of Constellation Energy for a cash consideration... Read more..

MidAmerican Energy Holdings Company Reaches Tentative Agreement to Acquire Constellation Energy

MidAmerican Energy Holdings Company and Constellation Energy announced the companies have reached a tentative agreement in which MidAmerican will purchase all of the outstanding shares of Constellation Energy for a cash consideration of approximately $4.7 billion, or $26.50 per share. The companies expect to enter into a definitive merger agreement by close of business, Sept. 19. Upon signing a definitive merger agreement, Constellation Energy will... Read more..