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What is BG&E vs. Maryland PSC: Constitutionality Case about?
This document summarizes a court case regarding the constitutionality of a Maryland statute prohibiting public utility companies from acquiring stock in other public utility companies without state regulatory approval. It provides background on the plaintiffs, Baltimore Gas and Electric Company and BGE Corp, who sought to restructure through a stock exchange. The Maryland Public Service Commission found the exchange was prohibited by the state statute. The district court ruled the statute placed an unconsti
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