Archive for the ‘Constellation Energy’ Category
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Barbs and more from the PSC
Constellation Energy Group won approval from regulators on its $4.5 billion deal with Electricite de France Friday, with a pretty concise list of conditions.
The uncertainty of how the Public Service Commission would rule made reading through the ruling kind of exciting — if you like that sort of thing — but on my second or [...] -
Happy Birthday, Mayo
Shhhhh! It’s a surprise.
Well, not anymore. The Progressive Maryland Education Fund and its friends are holding a “surprise birthday party” for Mayo Shattuck III, Constellation Energy’s chief executive on Wednesday, his 55th birthday.
I’m doubting there will be cake and party hats. This birthday party will also serve as a news conference to ask the attorney [...] -
Constellation makes its case online
The Maryland Public Service Commission kicked off a week-long round of hearings on Monday over the proposed Constellation Energy - EdF deal. The French power giant wants to buy just shy of 50 percent of the Baltimore company’s nuclear power holdings.
No stranger to the dance, as Constellation’s earlier attempts at a full merger with FPL [...] -
Waterford crystal, good eats and golf
So…is it hard to clean greasy buffalo wing sauce off of Waterford crystal? It’s a question the Constellation Energy Senior Players Championship promoters may find the answer to while they’re schlepping the tournament trophy through eight of Baltimore’s finest restaurants this week.
The Sam Snead Trophy, named for the player with the most wins in PGA [...] -
Hey, Mayo, Keep the lights on
It’s just a hunch, but my guess is Mayo A. Shattuck III won’t be home tonight.
That probably won’t stop the Power 4 the People Project from holding a candlelight march on the Constellation Energy Group CEO’s Baltimore home to “demand” that the guy stop power shut-offs for customers who are behind on their bills. They’d [...] -
A sit down with Warren Buffett
Warren Buffett has been throwing his money around in the past few months – and we in Baltimore are certainly aware of that.
The billionaire recently talked to Susie Gharib, anchor of the PBS show “Nightly Business Report” and opened up about his plans to do a buyback of Berkshire Hathaway stock. The interview airs in [...] -
Outlook isn’t looking up for CEG stock
Constellation Energy Group’s shareholders may have thought they were getting a raw deal with the offer of $26.50 a share from MidAmerican Energy Holdings, but things haven’t been looking up since that deal went south about two weeks ago.
Shareholders seemed hell bent on getting more out of their stock — several filed lawsuits against Constellation, [...] -
Will CEG shareholders support EDF’s bid?
At first blush, French energy giant Electricite de France SA’s offer to block the sale of Constellation Energy seems to address the majority of the issues that led the company to accept a buyout from billionaire Warren Buffet’s MidAmerican Energy Holdings Co.
EDF has offered up a $4.5 billion deal, which includes a $1 billion cash [...] -
CEG named one of the 2008’s worst companies
Constellation Energy Group Inc. has made another Top 10 list, but this time it’s not such an honor. The Multinational Monitor has ranked Baltimore-based Constellation in the “10 Worst Corporations of 2008,” along with corporate giants AIG, Dole, General Electric and Phillip Morris International.
The group, which tracks corporate activity with a focus on the health [...] -
Constellation Energy round-up
Competition abounded last week and weekend at the Constellation Energy Senior Players Championship — and it wasn’t just on the golf course.
Tournament director Steve Schoenfeld said ticket sales were down about 2 to 3 percent this year compared to 2007, but said the number of people who came during the four days actually seemed like [...]