Hearings On Ceg Deal Extended

Psc Action Enables Attorney General, People's Counsel To Further Review Partial Sale Of Nuclear Business To French Firm

In September, the commission also pushed back the review schedule, forcing the companies to miss its Sept. 17 deadline to complete the transaction.

Constellation and EDF have extended the deadline to Oct. 30 and either party can extend the agreement's termination date to Dec. 17, according to regulatory filings.

Paula M. Carmody, the people's counsel, said her office was pleased with the commission's decision to extend the case, which allows the parties to examine new issues that have been raised in the past week. The office is seeking from Constellation an analysis of the companies' tax savings, in particular, the impact on Maryland.

Gould said "nothing substantive" has changed with the transaction due to the deal's new terms. He noted that the estimated $130 million in state income tax that Constellation would pay remains the same.

Lawyers for the state, the people's counsel and the PSC staff have until noon Oct. 13 to submit additional expert testimony related to the deal's final terms.