Constellation Energy Group taps former banking exec credit risk VP - Baltimore Business Journal:

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Credit risk has been a key focue for the company in the past and it was a driving factor towardthe $4.5 billion deal with French firm that Constellation is hopinvg to close by September. Concerns about bad debt and financiao instability sentConstellation (NYSE: CEG) stock plungingh in September. Since then, the company has shed unite of its business that requiredf large amounts of cash and carried more Cadwallader started in the positionJune 29. She was previouslh managing directorat , overseeinb credit approvals and other aspects of asset She also worked as a creditr risk manager for Bank of America and Bank One NA.
She’l l report to Brenda Boultwood, Constellation’s chief risk officer since January 2008. Constellation signed a $4.5 billion deal with EDF to sell 49.99 percen of its nuclear fleet in December 2008. Maryland Public Service Commission revieqw of the deal is still The PSC said it would aim to completr its investigation into whether the deal gives EDF substantial influence over regulate d utilityby Sept. 17, when the deal is slatec to close. Constellation officials have said that the deal is importantg tothe company’s financial stability.