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Faced with a sluggish credit market, debt of about €24.5 billion ($34 billion) and question marks over planned asset sales, Europe's biggest utility Electricité de France SA has taken the unusual step of turning to "les citoyens" of France for new funds.The Paris-based utility on Wednesday launched a €1...
Posted on June 17, 2009 9:46 AM
Boosting its hopes for a turnaround, Constellation Energy Group Inc. (NYSE:CEG) received New York regulator approval for a sale of reactors to France's Electricité de France SA, the world's largest nuclear power plant owner. The $4.5 billion deal includes the acquisition of nearly half of Constellation Nuclear, the indirect...
Posted on April 21, 2009 4:02 PM
Constellation Energy Group Inc. posted a net loss of $1.41 billion in the fourth quarter. That compares to a $258.1 million profit in the fourth quarter 2007. The loss is due mainly to charges related to the Baltimore energy giant's failed $4.7 billion deal to sell itself to Warren...
Posted on February 19, 2009 8:10 AM
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