Entrepreneur.com
NY Regulators Approve Constellation Reactor Sale
The Associated Press
04/21/09 - 01:14 PM EDT
ROCHESTER, N.Y. (AP) New York regulators have approved a French company's acquisition of three nuclear power plants in upstate New York.
In February, U.S. regulators approved a $4.5 billion offer by French power giant EdF to buy nearly half of Baltimore-based Constellation Energy Group Inc.'s nuclear operations.
On Tuesday, the New York State Public Service Commission approved the acquisition, which includes two Nine Mile Point nuclear plants in Oswego near Syracuse and the Ginna (gih-NAY') station in Ontario near Rochester.
Constellation Energy is the parent of Baltimore Gas & Electric, Maryland's largest utility.