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NEW YORK, Oct 30 (Reuters) - Maryland utility regulators on Friday approved Constellation Energy Group Inc's sale of a stake in its nuclear unit to Electrite de France if the companies comply with several conditions, including a $110.5 million payment to Baltimore utility customers. Among the other conditions that Maryland's Public Service Commission (PSC) imposed were requiring Constellation to make a $250 million cash capital infusion into its Baltimore Gas and Electric (BGE) utility unit and protecting BGE should Constellation run into fiscal problems. Constellation and EDF had hoped to avoid the PSC approval process, but the regulators ruled in June that Constellation needed their blessing before going forward with the sale. The commission asked the companies to inform it by Nov. 6 as to whether they plan to complete the transaction. Constellation and EDF said they were reviewing the commission's order. (Reporting by Michael Erman, editing by Leslie Gevirtz) Keywords: CONSTELLATION EDF/ (Reuters Messaging: michael.erman.reuters.com@reuters.net; +1 646 223 6021) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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