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Showing posts with the label Berkshire Hathaway

Spiraling Around Constellation Energy

CNN reports that Electricite de France is in discussions with Constellation Energy to take over half its nuclear business. Now, it shouldn't surprise anyone that the French have taken an interest in the American nuclear marketplace - they have a lot of experience in making the numbers work, which has been problematic for Constellation - and a lot of experience with nuclear energy. However, there's an interesting wrinkle here - well, actually a couple. Here's the first : Constellation's board hasn't changed its recommendation to shareholders to vote in favor of the merger with MidAmerican , a unit of Berkshire Hathaway Inc. (BRKA), at a shareholder meeting Dec. 23, according to the release. That's Warren Buffett's outfit and it represents Buffett's reentry into the nuclear market after his Idaho flirtation. The link to MidAmerican is to their front page - there's a news release about the merger linked from there. And wrinkle two: [El...