(Source: Business Wire)

Constellation Energy (NYSE:CEG) and EDF Development Inc. (a wholly-owned
subsidiary of EDF S.A.) issued the following statement regarding the
order issued today by the Maryland Public Service Commission (PSC) in
connection with the proposed nuclear joint venture between Constellation
Energy and EDF.
"Constellation Energy and EDF confirm that the companies are in
receipt of today's order issued by the Maryland Public Service
Commission. Both companies have begun the process of reviewing the
order."
About Constellation Energy
Constellation Energy (www.constellation.com)
is a leading supplier of energy products and services to wholesale and
retail electric and natural gas customers. It owns a diversified fleet
of generating units located throughout the United States, totaling
approximately 9,100 megawatts of generating capacity, and is among the
leaders pursuing the development of new nuclear plants in the United
States. The company delivers electricity and natural gas through the
Baltimore Gas and Electric Company (BGE), its regulated utility in
Central Maryland. A FORTUNE 500 company headquartered in Baltimore,
Constellation Energy had revenues of $19.8 billion in 2008.
About EDF Group
The EDF Group, one of the leaders in the energy market in Europe, is
an integrated energy company active in all businesses: generation,
transmission, distribution, energy supply and trading. The Group is the
leading electricity producer in Europe. In France, it has mainly nuclear
and hydraulic production facilities where 95% of the electricity output
involves no CO2 emissions. EDF's transport and distribution subsidiaries
in France operate 1,274,000 km of low and medium voltage overhead and
underground electricity lines and around 100,000 km of high and very
high voltage networks. The Group is involved in supplying energy and
services to more than 38 million customers around the world, including
more than 28 million in France. The Group generated consolidated sales
of ⬠64.3 billion in 2008, of which 47% in Europe excluding France. EDF
is listed on the Paris Stock Exchange and is a member of the CAC 40
index.
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the Securities Exchange Act of 1934, including, but not
limited to, statements relating to the prospects for the proposed
transaction between Constellation Energy and EDF. Such statements
are based upon the current beliefs and expectations of our management
and involve a number of significant risks and uncertainties, many of
which are difficult to predict and are generally beyond the control of
Constellation Energy and EDF. Actual results may differ
materially from the results anticipated in these forward-looking
statements. A discussion of the risks and uncertainties that
could cause Constellation Energy's results to differ materially from
those described in the forward-looking statements can be found in
Constellation Energy's periodic reports filed with the Securities and
Exchange Commission, which are available at the Securities and Exchange
Commission's Web site (http://www.sec.gov)
at no charge. Constellation Energy assumes no responsibility to
update any forward-looking statements as a result of new information or
future developments except as expressly required by law.
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