NEWS
By JAY HANCOCK | July 29, 2009
The fight over the proposed buyout of a huge, Maryland-based coal mining company is interesting for its own sake. Wall Street egos, including a hedge-fund manager and would-be buyer of the Pittsburgh Steelers, are battling over control of the country's fourth-biggest coal producer. But the contest for Linthicum Heights-based Foundation Coal, which comes to a vote Friday, sheds light beyond Wall Street and the job of extracting soft black rocks from the Appalachian ground. It's no less than a referendum on the future of energy, the environment and the American economy.
NEWS
By Larry Carson | July 21, 2009
Faced with replacing a 35-year old oil furnace in their Ellicott City home, Baltimore Symphony musicians Robert Barney and his wife, Julie Parcells, decided on a geothermal heating and cooling system with a hefty price tag of $30,000. But between tax credits from Howard County, the state and federal governments and hoped-for energy savings, they expect to recoup their cost in five years. "I'm just really happy" with the system, Barney said. "I don't have anything burning in the basement.
NEWS
March 22, 2009
In a week when the term "executive bonus" became a profanity, leadership at Constellation Energy did the right thing and reversed itself on millions of dollars in extra retention and performance pay for top executives that was part of the company's $4.5 billion sale of nuclear assets to EDF Group. This was never comparable to the scandalous behavior at taxpayer-subsidized American International Group, but the Constellation bonuses were unquestionably poorly timed. Lawmakers in Annapolis are on the verge of deciding whether to re-regulate the energy industry here, and many ratepayers are fuming over big winter utility bills.
NEWS
By Gadi Dechter | January 1, 2009
Maryland consumers will begin paying small monthly fees on electric bills this year to subsidize an ambitious energy-conservation initiative, under plans approved by regulators yesterday. The plans are part of an initiative championed by Gov. Martin O'Malley to reduce electricity consumed by utility customers at least 10 percent by the end of 2015. Within several months, Baltimore Gas & Electric Co. and other utilities are expected to begin marketing cost-saving measures such as rebates on energy-efficient appliances and "home energy audits" paid for by the new fees.
NEWS
By J. Bennett Johnston | September 22, 2008
H. L. Mencken, the famous Baltimore newspaperman and satirist, observed that for every complicated problem, there is a simple solution - and it's always wrong. When it comes to the current energy debate, Congress should take note. Energy and the financial markets are inextricably linked. So it's no surprise that during this time of great economic turmoil, America's energy future also seems very unsure. Fortunately, our nation's history holds a valuable lesson on this very point. Sixteen years ago, as chairman of the Senate Energy and Natural Resources Committee, I proposed a bill that provided for a 35 percent increase in automobile miles per gallon standards and for drilling in the Arctic National Wildlife Refuge.
NEWS
September 19, 2008
This week has brought a stunning reversal of fortune for Constellation Energy Group, its shareholders and employees. Seven days ago, the company was trading at more than $55 a share. Now, it may be scooped up by a Warren E. Buffett company for a mere $26.50 a share under a tentative deal announced yesterday that may have spared Baltimore Gas and Electric's parent from financial meltdown. Is the proposed merger of Constellation with Iowa-based MidAmerican Energy Holdings Group in the best interests of its owners, workers and BGE customers?
NEWS
By Laura Smitherman | September 18, 2008
News of a possible sale of Constellation Energy Group, which owns the biggest utility in Maryland, prompted a flurry of calls and discussions among state officials about how a transaction could impact consumers and the regional economy. Gov. Martin O'Malley spoke with Constellation Chief Executive Mayo A. Shattuck III yesterday while their respective offices traded frequent phone calls. Douglas Nazarian, head of Maryland's energy regulating agency, left a conference in Chicago and boarded an earlier flight to Baltimore to address the situation.
NEWS
By Hanah Cho and Andrea Walker | September 18, 2008
Constellation Energy Group, one of only two Fortune 500 companies in the region, said yesterday that it is in active discussions with "potential strategic partners," a process that could include the sale of the entire company, to avert a credit squeeze in its energy-trading business. One possible buyer is Constellation's largest shareholder, French power company Electricite de France International, according to a Morningstar analyst. Earlier this month, Paris-based EDF nearly doubled its stake in Constellation to 9.5 percent.
NEWS
August 26, 2008
ACLU asks court to let spy suit move forward 2 Believing Maryland State Police officials have not disclosed all documents related to a 14-month surveillance operation, the American Civil Liberties Union has filed a court brief asking that its Public Information Act lawsuit continue moving forward. Details of state police spying emerged this summer as part of the lawsuit, filed in Baltimore Circuit Court by the ACLU of Maryland. In 2005, undercover agents secretly joined the Baltimore Pledge of Resistance, a peace group; the Baltimore Coalition Against the Death Penalty; and the Committee to Save Vernon Evans.
NEWS
August 19, 2008
House Speaker Nancy Pelosi's proposal to include expanded offshore drilling in a Democratic energy bill has nothing to do with reducing the cost of gas and everything to do with increasing votes for Democrats in November. Voters should listen carefully to what candidates are saying about energy policy between now and Election Day and favor those pushing aggressive efforts to develop alternative energy resources and conservation - two keys to a brighter energy future. Continued reliance on oil is not a long-term solution.