Jonathan W. Thayer |
| 100 Constellation Way |
Senior Vice President and Chief Financial Officer |
| Suite 1800P |
|
| Baltimore, Maryland 21202-3106 |
|
| 410.470.2821 |
July 26, 2010
By Electronic Transmission
Mr. Scott Stringer
Staff Accountant
Division of Corporation Finance
Securities and Exchange Commission
100 F Street, N.E.
Washington, DC 20549
Re: Constellation Energy Group, Inc.
Form 10-K for Fiscal Year Ended December 31, 2009
Filed February 26, 2010
File No. 1-12869
Dear Mr. Stringer:
This letter is in response to your letter dated July 22, 2010. For your convenience, we have restated each of your comments and followed them with our responses.
Form 10-K for the Fiscal Year Ended December 31, 2009
Notes to Consolidated Financial Statements, page 91
2 Other Events, page 103
1. We note your response to comment one. Please tell us if a call option exists which gives CEG the right to purchase the minority interest in CENG from EDF at fair value or less. If a call option exists, then please explain to us the exact terms of the call option and the feasibility of exercising the call option. We may have further comment. Refer to FASB ASC 810-10-25-13-f.
Response:
We do not have any option to purchase EDF’s interest in CENG. Therefore, the provisions of FASB ASC 810-10-25-13-f are not applicable.