What should have been an upbeat conference call reporting good first-quarter earnings for Constellation Energy turned out to be a session dogged by questions from worried industry analysts.
The uncertainty of whether the Public Service Commission will approve Constellation?s subsidiary Baltimore Gas & Electric Co.?s 19 percent rate increase in July or whether the Maryland General Assembly will come back in a special session to force more concessions from the company cast a pall over the Friday morning call.
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