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NEWS
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.
ARTICLES BY DATE
NEWS
By Diane Leopold | December 4, 2013
The liquefied natural gas (LNG) facility at the Dominion Cove Point Terminal has long been a model of industrial and environmental cooperation. More than 1,000 acres of pristine beach, forest and marsh lands in southern Maryland are conserved, while at the same time the Chesapeake Bay is unharmed. Dominion is proud of its award-winning role as an environmental steward at Cove Point and has designed its proposed LNG export project to continue that commitment. The Baltimore Sun's Sunday editorial calling for greater scrutiny of the project fails to take these facts and many more into account.
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NEWS
February 14, 2011
The Marcellus shale natural gas deposit could prove a vital resource for this nation's energy future. Scientists have estimated that the Appalachians may yield hundreds of trillions of cubic feet of natural gas, at a value of $1 trillion. Maryland could have a piece of that action. The Marcellus runs under the western part of the state, perhaps a mile below the surface. It can potentially be extracted by a controversial technique known as hydraulic fracturing, where water is used to break up rock and allow the gas to be released.
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | March 11, 2013
The U.S. Nuclear Regulatory Commission upheld a decision Monday preventing a French company from building a third reactor at the Calvert Cliffs Nuclear Power Plant in southern Maryland, but it offered glimmers of hope for the project's proponents. The commissioners directed their staff "to review issues relating to foreign ownership" — the sticking point for the Calvert Cliffs proposal — and recommend whether changes to agency rules or practice are appropriate. The five-person commission would not overturn a decision by the Atomic Safety and Licensing Board that UniStar Nuclear Energy is ineligible for a new-reactor license because it is wholly owned by French energy group EDF. Federal law bans foreign ownership or control of nuclear plants.
BUSINESS
By Dan Thanh Dang and Dan Thanh Dang,SUN STAFF | July 9, 2002
Allegheny Energy Inc. said yesterday that it will slash 600 jobs and cancel two power plant construction projects as weak energy prices, mild weather and a slow economy take a toll on earnings. The Hagerstown-based energy company, which owns utilities in Maryland and four other states, said its annual profit will fall substantially below the $3.60 to $3.70 a share that was originally expected. Allegheny dropped its earnings expectations by about 30 percent, to $2.50 to $2.70 a share. Last year, the company earned $3.73 a share.
BUSINESS
By Dan Thanh Dang and Dan Thanh Dang,SUN STAFF | August 11, 2002
In the summer of 2000, a steady stream of New York investment bankers tramped down to Dominion Resources Inc.'s 12-acre campus on the banks of Virginia's historic James River to tell Thomas A. Capps he was crazy. Just look at the evidence, they said to the chief executive: Energy trading giant Enron Corp. was trading at an all-time high of $90.65. Calpine Corp. and Dynegy Inc. were posting triple-digit earnings growth. Reliant Energy Inc. and Duke Energy Corp. were winning Wall Street kudos for their plans to spin off lucrative generating and trading businesses.
NEWS
By NEW YORK TIMES NEWS SERVICE | October 14, 2003
NAGEEZI, N.M. - The Navajo revere this remote area around a mesa in northwestern New Mexico as the place where the mythical figure Changing Woman gave birth to two warrior sons who made the universe safe. Energy companies want this area for its strategic location in the San Juan Basin, a geologic mother lode of natural gas reserves in the Four Corners region that has become one of North America's richest sources of mineral wealth. The clash of these conflicting values has laid bare the Navajo Nation's contentious relations with oil and gas companies, including accusations of underpayment for land leases and negligence by the government agencies overseeing such agreements.
NEWS
March 14, 2012
Once again Robert Ehrlich, our twice-defeated former governor, is not leveling with the citizens ("Road to energy independence goes through ANWR and Keystone," March 11). Like his colleagues in the extreme Republican tea party, Mr. Ehrlich claims that we need to extract gas and oil from sources that pose serious environmental risk in order to attain energy independence. But that's not the real objective. Enriching the already exceptionally profitable energy companies is the objective.
NEWS
By Edward Goldberg | February 23, 2007
Modern American capitalism is the world's envy of growth. It successfully harnesses the human drive for competitiveness with the human need to create and innovate. Apple booms with the iPod, and Microsoft works day and night to create a better version. But when competition becomes muted and market innovation is deemed not essential, the cornucopia that we call today's capitalism stalls and society is harmed. This is exactly what has happened within our energy giants. The most efficient way of developing new energy resources should be through private enterprise.
BUSINESS
By LEON LAZAROFF and LEON LAZAROFF,CHICAGO TRIBUNE | May 21, 2006
NEW YORK -- The price of oil remains high, and with it shares of solar energy stocks. In the nine months since it became apparent that Hurricane Katrina would pummel the Gulf Coast, solar energy stocks have soared on expectations that alternative energy would attract more business. Since Aug. 22, a week before Katrina touched land, shares in solar panel-maker Energy Conversion Devices Inc. are up 68 percent. Evergreen Solar Inc., another solar panel manufacturer, has increased more than 90 percent, even after its shares slid in March when its main silicon provider terminated a supply contract.
FEATURES
By Timothy B. Wheeler, The Baltimore Sun | January 28, 2013
A trio of environmental groups warned Monday they would sue the operator of three coal-fired power plants in Maryland for allegedly discharging excessive amounts of nutrient pollution into Chesapeake Bay rivers and trying to mask their violations by transferring pollution "credits" among facilities. Food & Water Watch, the Patuxent Riverkeeper and the Potomac Riverkeeper contend that NRG Energy has been violating state-imposed pollution discharge limits for the past three years at its Chalk Point, Morgantown and Dickerson power plants.
NEWS
By Frederick N. Rasmussen, The Baltimore Sun | July 23, 2012
Sylvester Paul "Butch" Bollinger, founder and CEO of Bollinger Energy Corp. who also was a volunteer at the Johns Hopkins Kimmel Cancer Center, died Thursday of cancer at Gilchrist Hospice Care. The Canton resident was 68. The son of a roofing contractor and a homemaker, Mr. Bollinger was was one of 15 siblings. He was born in Baltimore and raised on Lake Avenue. After graduating from Loyola High School in 1962, he served in the Navy for four years. He served aboard the aircraft carrier USS Essex during the Cuban missile crisis and later in Iceland as a firefighter in an emergency crash crew.
FEATURES
By Sloane Brown | April 5, 2012
Wedding Day: June 9, 2012 Her story: Carly Mistovich, 28, grew up Glen Rock, Pennsylvania. Her father, Ken Mistovich, is vice president at L&L Supply Corp., a brick company. Her mother, Lisa Mistovich, is a server and bartender for several catering companies in the area. Carly moved to Federal Hill six years ago for her job. She's the director of sales for Aramark food services at M&T Bank Stadium. His story: Greg Patronik, 29, grew up in Reisterstown. His father, Nick Patronik, owns Patron Services, Inc., a logistics company that's involved with importing and exporting cargo.
NEWS
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.
NEWS
March 14, 2012
Once again Robert Ehrlich, our twice-defeated former governor, is not leveling with the citizens ("Road to energy independence goes through ANWR and Keystone," March 11). Like his colleagues in the extreme Republican tea party, Mr. Ehrlich claims that we need to extract gas and oil from sources that pose serious environmental risk in order to attain energy independence. But that's not the real objective. Enriching the already exceptionally profitable energy companies is the objective.
NEWS
By Annie Linskey, The Baltimore Sun | November 27, 2011
Some companies with interests in Maryland have found a new way to show support for Gov. Martin O'Malley: They're contributing tens of thousands of dollars to the Democratic Governors Association. Last December, O'Malley took the helm of the DGA, where as chairman he is charged with raising large sums to elect Democratic governors nationwide. Under his leadership, the group raised a record $11 million during the first six months of this year — including donations from Exelon Corp.
BUSINESS
By THE DALLAS MORNING NEWS | October 4, 2005
Stocks will have to put on quite a show in the fourth quarter to match last year's returns, or even many analysts' current forecasts. Last year at this time, stocks were in about the same position as now - flat to down for the year. The market rallied after the presidential election and pushed the Standard & Poor's 500 index to a 9 percent gain for the year. This year, fallout from hurricanes and interest-rate increases may stand in the way of such a happy ending. The good news for investors is that history is on their side.
BUSINESS
By Dan Thanh Dang and Dan Thanh Dang,SUN STAFF | September 29, 2002
When Allegheny Energy Inc. spent $490 million to buy a power-trading unit from Merrill Lynch & Co. Inc., the purchase was supposed to launch the Hagerstown-based energy company into the ranks of the nation's top 10 power marketers. Now, more than a year later, owning what was once a lucrative trading business has turned into Allegheny's latest headache, adding to the turmoil resulting from an industry downturn. This month, Allegheny fired the head of the trading unit on grounds of violating the company's conflict-of-interest policies.
NEWS
February 14, 2011
The Marcellus shale natural gas deposit could prove a vital resource for this nation's energy future. Scientists have estimated that the Appalachians may yield hundreds of trillions of cubic feet of natural gas, at a value of $1 trillion. Maryland could have a piece of that action. The Marcellus runs under the western part of the state, perhaps a mile below the surface. It can potentially be extracted by a controversial technique known as hydraulic fracturing, where water is used to break up rock and allow the gas to be released.
NEWS
July 7, 2007
The company that wants to build a liquefied natural gas facility on Sparrows Point has filed a complaint against Baltimore County and Maryland Critical Area Commission, contending that authorities improperly approved a county law prohibiting LNG and other such facilities from being built in environmentally sensitive coastal areas. According to a written statement by AES Corp. officials, the complaint was filed in Baltimore County Circuit Court yesterday. The commission, charged with overseeing development and land-use policy in coastal and watershed areas, approved a county measure last month that adds LNG terminals to a list of facilities not allowed in its coastal areas.
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