September 6, 2012
The BWI Business Partnership will host its September Signature breakfast, Wednesday, Sept. 19, from 7:45 to 9:15 a.m., at Four Points by Sheraton BWI Airport, 1001 Scott Drive, in Linthicum. Calvin Butler, senior vice president for corporate affairs for Exelon Corporation, with be the featured speaker. Exelon is the parent company of BGE, ComEd in Chicago, PECO in Philadelphia and Exelon Generation. Butler has been the face of Exelon in Maryland since the energy giant purchase Constellation Energy in March and is charged with raising business support for the company.
August 6, 2012
Exelon Corp. cut about 170 jobs in Maryland earlier this summer, just over half through layoffs and the rest through voluntary buyouts, the energy company said Monday. Exelon — which acquired Baltimore-based Constellation Energy Group in March — said it also has moved jobs from Pennsylvania to Maryland, characterizing the number as enough to largely offset the cuts. Exelon said the reductions were made on June 22, with none of the layoffs occurring at Baltimore Gas and Electric Co. The company promised a two-year freeze on BGE layoffs as part of the merger.
June 4, 2012
Nearly two dozen companies will sponsor Maryland's bicentennial commemoration of the War of 1812, contributing more than $5 million, the nonprofit group planning the events said Monday. Constellation Energy will become one of the biggest corporate sponsors, joining previously announced companies AT&T - the top sponsor, with a more than $1 million contribution - and Papa John's. Other sponsors announced Monday include Legg Mason, M&T Bank, Pepsi and Under Armour. In addition, the state government has pledged $6 million for the three-year effort, said Star-Spangled 200, the nonprofit affiliate of the Maryland War of 1812 Bicentennial Commission, which is planning the commemoration.
May 7, 2012
Baltimore made the newest Fortune 500 list by the skin of its teeth — with a company that was based here last year but is now part of an out-of-state concern. Constellation Energy Group, which merged with Chicago-based Exelon Corp. in March, is No. 199 on Fortune magazine's 2012 list of the country's largest companies. The list is calculated using 2011 information. Five other companies from Maryland made the list, all from Montgomery County: defense contractor Lockheed Martin (No. 58)
March 24, 2012
For manipulating energy markets Constellation Energy has just paid the highest penalty in history - $245 million - to the Federal Energy Regulatory Commission ("Merger, record fine OK'd," March 13). That's more than all previous penalties combined. While the media and their audience are distracted by sensational stories, real stories about issues that impact our daily lives seem to be ignored. While we pay higher energy rates, and while churches like the one I serve help poor people keep their lights on, Constellation Energy manipulates energy markets, cuts deals, and no one is going to jail.
March 14, 2012
The name "Constellation Energy" will still be around. The energy trading firm will still be doing much the same thing it ever has in a large, new building on Baltimore's waterfront. It will have somewhat fewer employees, but it will, at least for the next several years, maintain its status as one of the region's largest corporate philanthropists. And it's not as if Constellation was universally beloved around town anyway; despite its many contributions to the local economy and charitable scene, the company was often derided, as was its CEO, Mayo A. Shattuck III. So why should we mourn the sale of Baltimore's last Fortune 500 company to Chicago-based Exelon?