MidAmerican seeks FERC clearance to buy Constellation in $4.7 billion merger

摘要

MidAmerican Energy Holdings' proposal to buy out Constellation Energy Group for $4.7 billion was submitted for FERC review last week.rnIn a joint filing, the two companies described the September 19 merger agreement in which MidAmerican will purchase Constellation's outstanding shares for about $26.50/share (IF, 22 Sept, 3). The deal has been approved by both companies' boards of directors.rn"Because the merger and conversion will have no adverse impact on competition, rates or regulation, and do not raise any cross-subsidization concerns, applicants respectfully request that the commission authorize" the deal by January 15, said the filing (EC09-6).