One of the nation?s leading bond rating companies published a negative outlook for Constellation Energy last week, a move tied to a state agency?s report concluding that ratepayers have paid more than they?ve saved in the deregulation of Maryland?s electricity market.
The rating came as Constellation plans to file a lawsuit in the next few weeks alleging the state unconstitutionally ordered it to pay $386 million in credits to customers in return for the state?s approval of a merger deal that never came to pass.
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