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Constellation, FPL unveil $11.5 billion merger plan

After Mayo A. Shattuck III and Lewis Hay III began meeting last spring to discuss a merger of the power companies they lead, they described their talks as "Project NASCAR." Shattuck's Constellation Energy Group Inc. in Baltimore was code-named "Chevy" and Hay's FPL Group Inc. was "Ford."

By Paul Adams, Tricia Bishop and M. William Salganik

December 20, 2005

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