Constellation Energy Releases Statement Regarding EDF Letter on UniStar Joint Venture
October 13 2010 - 6:17PM
Business Wire
Constellation Energy (NYSE: CEG) today released the following
statement:
“Constellation 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.
“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.”
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.
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