0.10%QQQQ 44.63 
0.18%XLF 19.94 0.35%
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NEW YORK (AP) - An agreement to work toward a settlement with Maryland officials is helping to lift shares of Constellation Energy Group Inc. in late morning trading.
| CEG | 82.02 |  -0.95 |
Shares are up $3.77, or 4.3 percent, to $91.15.
The Baltimore-based energy products company said Thursday it is working with the state's political and regulatory leaders on a litany of prior legal, regulatory and legislative issues. The settlement would be final only with an OK from the state's Legislature, which ends its session April 7.
Citi Investment Research analyst Greg Gordon said the deal, if passed, will be "good for all stakeholders." He kept a "Buy" rating and $122 price target.
As part of the deal, Constellation will refund $187 million to residential customers and no longer have them pay for future nuclear decommissioning, he said.
Citigroup suggests that inflation and the fabrication outlook favor gold.
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