Constellation reports strong earnings

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Baltimore-based Constellation Energy Group, which called off a planned merger with Florida-based FPL Group this week, reported strong third-quarter earnings Friday.

The utility company, which is parent to Baltimore Gas & Electric, reported net income for the quarter jumped to $324.4 million, or $1.79 per share, from $185.5 million, or $1.03 per share, in the year-earlier quarter. Adjusted to exclude certain one-time items, earnings were $1.56 per share versus $1.08 a year ago.

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