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CEP's president and chief executive officer Stephen Brunner stated that the company has anticipated and planned for this event since last year, with the hiring of key personnel and moving services away from Constellation.
The company additionally said that a plan for managing its business after termination of the MSA will be put to its lenders for approval, a requirement under its credit agreements with them.
Constellation Energy Partners Management LLC is a wholly-owed subsidiary of Constellation Energy Group Inc.
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