COLUMBUS, Ohio (AP) - Wholesale power generator Constellation Energy said Tuesday it likely would have filed for bankruptcy protection had it not received an immediate $1 billion infusion from a unit of Warren Buffett's Berkshire Hathaway Inc. as part of the unit's $4.7 billion bid to buy Constellation.
The Baltimore-based company also warned in a regulatory filing that continued unstable market conditions make the deal with Buffett unit MidAmerican Energy Holdings Co. of Des Moines, Iowa, critical to complete.
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