NEWS
By Laura Smitherman | October 27, 2009
Constellation Energy Group warned state regulators on Monday that imposing costly conditions on its deal with a French utility could scuttle the $4.5 billion transaction and jeopardize a multibillion-dollar project to build the first nuclear reactor in the state since the 1970s. Baltimore-based Constellation has been under pressure by Gov. Martin O'Malley to provide one-time credits to customers that could amount to more than $200 per household and to agree to other concessions. The company owns Baltimore Gas and Electric Co., which serves more than 1.1 million residential customers in Maryland.
NEWS
By Wilson H. Parran | September 21, 2009
The Calvert County Board of County Commissioners has gone on record numerous times in support of the proposed expansion at Constellation Energy's Calvert Cliffs nuclear power plant. We take the decision to support the expansion seriously. We have weighed the impact of the project on our community based upon the plant's 30-year safe operating history, and we have considered the energy issues facing Maryland and the nation. The board testified before the Maryland Public Service Commission Sept.
NEWS
September 20, 2009
Maryland's Public Service Commission faces a major test of its independence and wisdom as a regulator in its decision whether to approve the proposed purchase by Electricit? de France of nearly half of Constellation Energy Group's nuclear holdings. Gov. Martin O'Malley, who appointed or re-appointed the PSC members, has signaled extreme skepticism of the deal, including in an op-ed Wednesday in The Baltimore Sun in which he claimed the deal held "no real benefits" for Baltimore Gas & Electric ratepayers.
NEWS
By Hanah Cho | September 19, 2009
After a long week of grueling testimony on Constellation Energy Group's proposed nuclear joint venture with a French partner, the regulatory review will continue into next week, a hurdle that both companies had not expected when they signed the deal last year. The state Public Service Commission heard from more than 10 witnesses in late-night sessions on whether the $4.5 billion sale of nearly half of Constellation's nuclear power business to Electricite de France would hurt Constellation's regulated utility, Baltimore Gas and Electric Co., and its customers.
NEWS
By Frank D. Roylance | September 18, 2009
The debate over Constellation Energy Group's proposal to sell almost half of its nuclear power business to a French-owned utility continued Thursday night in Baltimore. Supporters and opponents of the deal both claimed to represent the best interests of Maryland's financial, energy and environmental future. Employees of Constellation and its subsidiary, Baltimore Gas and Electric Co., filled at least a third of the seats in the room and applauded heartily as their speakers argued that the $4.5 billion deal would ensure the future health and growth of the company and its value as a corporate citizen of Maryland.
NEWS
By Hanah Cho | September 15, 2009
Nearly a year ago, Constellation Energy Group was fighting for its very existence as a credit crisis during the financial sector meltdown pushed the company to the verge of bankruptcy. On Monday, the Baltimore company faced a different fight: trying to convince Maryland energy regulators that a proposed $4.5 billion deal to sell half of its nuclear power business to a French utility is in the public's best interest. "We hope the commission will see the tremendous benefits, both short- and long-term, that will flow to the state of Maryland as a result of the joint venture," Constellation spokesman Rob Gould said.
NEWS
By Karen Hosler | September 13, 2009
A mostly tidy little stand-off the other night over expanding Constellation Energy's nuclear power complex at Calvert Cliffs was interrupted with the heretical suggestion that the region doesn't need all that new power from any source - or the expanded ability to deliver it. This suggestion comes despite rapid growth in the Mid-Atlantic that has choked electricity transmission lines and invoked predictions of rolling brown-outs within the next several years....
NEWS
By Michael J. Wallace | September 13, 2009
There are few things that would do more to stimulate job growth and increase the competitiveness of Maryland businesses than to increase investment in conservation and new sources of affordable, clean energy that will hasten our transition to a low-carbon economy. Constellation Energy and Baltimore Gas and Electric (BGE), our utility subsidiary, have introduced Smart Grid technology and other programs aimed at helping customers reduce demand in exchange for significant rebates. These initiatives await state approval, but finishing the job of meeting the region's escalating energy needs will also require massive private investment in new sources of emissions-free generation.
NEWS
By Hanah Cho | September 3, 2009
Supporters and opponents of Constellation Energy Group's nuclear deal with a French utility showed up in force at a public hearing Wednesday, signaling how contentious the transaction has become as regulators examine the agreement. The hearing in Annapolis is the first of three session to solicit public comment that are part of a regulatory review before the Maryland Public Service Commission. The PSC is determining whether Constellation's $4.5 billion deal to sell half its nuclear power business to Electricite de France is in the public interest.
NEWS
June 30, 2009
Annapolis motorcyclist killed in crash Saturday An Annapolis man was killed Saturday night when the motorcycle he was riding crossed the center line of Deale Churchton Road in Deale and struck a car going in the other direction, Anne Arundel County police said. Todd Douglas Bausum, 47, of 570 Bellerive Drive was pronounced dead at the scene when police responded about 8:38 p.m. Police said an 18-year-old woman driving the other vehicle involved in the accident, a 2007 Chevrolet Cobalt, complained of minor injuries but refused medical attention.