Fitch: Constellation Energy unchanged

Fitch Ratings said it does not expect a ratings impact from Constellation Energy Group's sale of its nuclear power fleet to Electricite de France.

Constellation Energy announced the decision by its board of directors to proceed with the sale of a 49.99% interest in its nuclear power fleet to EDF based on an Oct. 30 order by the Maryland Public Service Commission that imposed certain conditions, the agency said.

The transaction is now expected to close in the fourth quarter of 2009, Fitch said, noting that does not anticipate any adverse rating consequences for Constellation Energy from the EDF transaction nor from the conditions of the Maryland order, and carrying out the order's conditions could have favorable credit implications for Baltimore Gas and Electric Co.

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