The Constellation-EdF Nuclear Joint Venture: Regulatory Issues and Subsequent Resolutions

Corporate restructurings of electric utilities in the U.S. have become a significant and controversial issue due to the differing perspectives of electric utility executives and regulatory commissioners relating to corporate restructuring associated with mergers, diversification, and functional separation of generation, transmission, and distribution. The Maryland Public Service Commission assessed a joint venture between Constellation Energy Group and Electricite de France that reflects these tradeoffs.