Buffett got money from Constellation Energy
Jan.12, 2009, Constellation Energy Group Inc. paid interest of $5 million to Billionaire Warren Buffett's MidAmerican Energy Holdings Co. on a $1 billion investment, according to a U.S. Securities and Exchange Commission filing Wednesday.
MidAmerican invested $1 billion in Constellation Sept. 18 as part of its $4.7 billion bid for the energy company. But Constellation broke off the deal Dec. 17. That same day, Constellation agreed to sell about 50 percent of its nuclear energy bus
iness to Eléctricité de France International, its largest shareholder. That deal could close in six to nine months and is under review by federal regulators.
As part of its breakup with Buffett, Constellation agreed to pay $593 million in cash for termination fees and stocks and repay the $1 billion infusion by December 2009. MidAmerican also walked away with a 9.9 percent stake in Constellation.
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