No merger for FPL Group and Constellation
FPL Group and Constellation Energy have terminated their plans to merge.
Plans for a joint venture appear to have fallen foul of continued uncertainty over regulatory and judicial issues in Maryland coupled with both companies’ distaste for a potentially long winded and protracted merger review process.
Constellation Energy initiated a request to end the planned merger. “As we considered the situation in Maryland, we determined the risks and uncertainties were too significant to overcome,” said Mayo A. Shattuck III, Constellation's chairman, president and chief
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