Constellation refocuses
Loss-making firm Constellation Energy looks to restructure and focus on power generation after rejecting a merger deal with MidAmerican
Constellation Energy Group plans to restructure to focus on generating and selling power, after announcing fourth-quarter losses of $1.4 billion.
Constellation listed merger termination and strategic alternative costs of $1.2bn in its 2008 annual results, after it rejected a merger deal with MidAmerican Energy. The merger was originally agreed in September 2008 to assuage credit concerns over
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