FPL poised to merge with Constellation.

Publication: The Miami Herald (Miami, Florida) (via Knight-Ridder/Tribune Business News)

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COPYRIGHT 2005 The Miami Herald

Byline: John Dorschner

Dec. 15--FPL Group, parent of the Florida electric company, may be close to spending $11 billion to acquire another huge energy company that would create a powerhouse stretching from Maine to Florida.

The discussions, reported first in The New York Times on Wednesday, involve Baltimore-based Constellation Energy Group.

Neither firm would comment on the purported deal. "Our long-standing policy is not to comment on market rumor," said FPL spokesman Steve Stengel.

But subsidiary FPL Energy has been expanding aggressively. It now operates in 26 states and...

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