SOURCE: Industrial Info Resources

February 20, 2009 07:00 ET

Constellation Energy Posts $1.41 Billion 4Q08 Net Loss on Canceled Merger Charges, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - February 20, 2009) - Researched by Industrial Info Resources (Sugar Land, Texas) -- The Constellation Energy Group (NYSE:CEG) (Baltimore, Maryland) has reported a fourth-quarter 2008 net loss of $1.41 billion on losses related to the cancellation of the company's sale to the MidAmerican Energy Holdings Company (Des Moines, Iowa). Vice Chairman Mike Wallace said the company is now focusing on a new joint venture with Electricite de France SA (EPA:EDF) (Paris) to sell half of its nuclear business for $4.5 billion to the French company.

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