Maryland's General Assembly will hold a special session to deal with a whopping electricity rate hike that Baltimore Gas and Electric customers are due to get in three weeks. The session will likely determine the fate of FPL Group's proposed acquisition of Constellation Energy Group. Without the merger, officials would have had little leverage to weigh in on the rate hike, but the need for state approval of the proposed union between Constellation and Florida-based FPL has created a political firestorm.
June 08, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Maryland’s General Assembly will hold a special session to deal with a whopping electricity rate increase Baltimore Gas and Electric Co. customers are due to get in three weeks.
The outcome of the session, which Gov. Robert L. Ehrlich Jr. called, will likely determine the fate of the proposed acquisition of Constellation Energy Group Inc. by FPL Group Inc.
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