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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.
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BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | October 1, 2013
A federal judge has ruled unconstitutional an arrangement approved by state regulators to allow construction of a new power plant in Southern Maryland, an effort to increase locally produced electricity before tight supply causes reliability problems. By setting the price that the plant's operator would receive for wholesale electricity over 20 years, Maryland's Public Service Commission tried to pre-empt federal authority, the decision found. That violated the supremacy clause of the Constitution, which states that federal law wins out in cases where state law conflicts.
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NEWS
By Hanah Cho, The Baltimore Sun | March 8, 2012
Constellation Energy Group, which is being sold to Chicago-based Exelon Corp., will be replaced on the S&P 500 index by a Houston wireless company. Exelon is acquiring Constellation in a $7.9 billion deal that is waiting for approval from the Federal Energy Regulatory Commission. S&P will announce the date when Crown Castle International Corp. is to replace Constellation on the index after the merger deal closes. Hanah.cho@baltsun.com
NEWS
By Arthur Hirsch, The Baltimore Sun | May 8, 2012
Harold Burns, president of the Falls Road Community Association, stepped to the microphone at the Oregon Ridge Lodge Tuesday night and threw down the gauntlet before representatives of a gas company proposing an underground pipeline through his part of Baltimore County. "This is Baltimore, Hon," said Burns. "We're from here … we are going to stay here and fight you. " Burns was one of more than 100 people who showed up at the Lodge for a Federal Energy Regulatory Commission hearing on Columbia Gas Transmission LLC's plan to install a 21-mile line from Owings Mills to Fallston.
BUSINESS
By Hanah Cho, The Baltimore Sun | November 14, 2011
The Federal Energy Regulatory Commission has delayed its decision on the proposed merger between Baltimore's Constellation Energy Group and Exelon Corp., a move that could push back a closing of the deal until April. Exelon and Constellation had anticipated FERC would approve the $7.9 billion transaction by Wednesday, but a settlement related to the deal reached in October has added 180 days to the regulatory review period, the companies revealed Monday in regulatory filings. The companies said they still expected the deal to close in the first quarter of 2012.
NEWS
By Mary Gail Hare and Mary Gail Hare,mary.gail.hare@baltsun.com | December 18, 2009
Federal energy regulators reaffirmed Thursday their earlier decision to allow a company to proceed with a proposed liquid natural gas terminal at Sparrows Point in eastern Baltimore County and an 88-mile pipeline through Maryland and Pennsylvania. The Federal Energy Regulatory Commission also denied requests from opponents of the project for additional environmental studies, saying the petitioners "raised no new specific issues." The commission initially approved the $400 million project in January, despite vigorous opposition from state, county and federal officials as well as several community groups in both states.
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | October 1, 2013
A federal judge has ruled unconstitutional an arrangement approved by state regulators to allow construction of a new power plant in Southern Maryland, an effort to increase locally produced electricity before tight supply causes reliability problems. By setting the price that the plant's operator would receive for wholesale electricity over 20 years, Maryland's Public Service Commission tried to pre-empt federal authority, the decision found. That violated the supremacy clause of the Constitution, which states that federal law wins out in cases where state law conflicts.
BUSINESS
By Hanah Cho, The Baltimore Sun | March 12, 2012
The $245 million settlement that Baltimore's Constellation Energy Group agreed to pay is the largest of its kind to resolve allegations of market manipulation with the Federal Energy Regulatory Commission. Details of the settlement emerged Monday, the same day Chicago-based Exelon Corp. closed on its $7.9 billion takeover of Constellation. The sale creating the largest non-utility energy provider in the United States ushers Baltimore's last Fortune 500 company out of town. The New York Stock Exchange will de-list Constellation shares Tuesday.
NEWS
By Arthur Hirsch, The Baltimore Sun | May 8, 2012
Harold Burns, president of the Falls Road Community Association, stepped to the microphone at the Oregon Ridge Lodge Tuesday night and threw down the gauntlet before representatives of a gas company proposing an underground pipeline through his part of Baltimore County. "This is Baltimore, Hon," said Burns. "We're from here … we are going to stay here and fight you. " Burns was one of more than 100 people who showed up at the Lodge for a Federal Energy Regulatory Commission hearing on Columbia Gas Transmission LLC's plan to install a 21-mile line from Owings Mills to Fallston.
BUSINESS
By The Baltimore Sun | March 7, 2011
Maryland's Public Service Commission struck back at an industry proposal to change the rules for wholesale electricity auctions, saying the plan would protect industry profits and block construction of new generators. The PSC "strongly protested" the proposed change before federal regulators, the agency said in a prepared statement. The Federal Energy Regulatory Commission is considering the proposal from the PJM Power Producers Group, an industry consortium that includes Constellation Energy, owner of Baltimore Gas & Electric.
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.
BUSINESS
By Hanah Cho, The Baltimore Sun | March 12, 2012
The $245 million settlement that Baltimore's Constellation Energy Group agreed to pay is the largest of its kind to resolve allegations of market manipulation with the Federal Energy Regulatory Commission. Details of the settlement emerged Monday, the same day Chicago-based Exelon Corp. closed on its $7.9 billion takeover of Constellation. The sale creating the largest non-utility energy provider in the United States ushers Baltimore's last Fortune 500 company out of town. The New York Stock Exchange will de-list Constellation shares Tuesday.
NEWS
By Hanah Cho, The Baltimore Sun | March 8, 2012
Constellation Energy Group, which is being sold to Chicago-based Exelon Corp., will be replaced on the S&P 500 index by a Houston wireless company. Exelon is acquiring Constellation in a $7.9 billion deal that is waiting for approval from the Federal Energy Regulatory Commission. S&P will announce the date when Crown Castle International Corp. is to replace Constellation on the index after the merger deal closes. Hanah.cho@baltsun.com
BUSINESS
By Hanah Cho, The Baltimore Sun | November 14, 2011
The Federal Energy Regulatory Commission has delayed its decision on the proposed merger between Baltimore's Constellation Energy Group and Exelon Corp., a move that could push back a closing of the deal until April. Exelon and Constellation had anticipated FERC would approve the $7.9 billion transaction by Wednesday, but a settlement related to the deal reached in October has added 180 days to the regulatory review period, the companies revealed Monday in regulatory filings. The companies said they still expected the deal to close in the first quarter of 2012.
NEWS
By Mary Gail Hare and Mary Gail Hare,mary.gail.hare@baltsun.com | December 18, 2009
Federal energy regulators reaffirmed Thursday their earlier decision to allow a company to proceed with a proposed liquid natural gas terminal at Sparrows Point in eastern Baltimore County and an 88-mile pipeline through Maryland and Pennsylvania. The Federal Energy Regulatory Commission also denied requests from opponents of the project for additional environmental studies, saying the petitioners "raised no new specific issues." The commission initially approved the $400 million project in January, despite vigorous opposition from state, county and federal officials as well as several community groups in both states.
BUSINESS
By Meredith Cohn and Meredith Cohn,SUN STAFF | August 5, 2000
A $400-million Calvert County terminal once expected to be a major supplier of natural gas but which has been used only for storage by companies needing a little extra fuel on cold-weather days, may get a second life. Cove Point was built in 1978 but became idle two years later because of rising prices to ship liquefied natural gas from overseas. The liquid form takes up approximately 600 times less space. It became a storage facility about five years ago. A move to return the terminal to use means that the Williams Cos., which recently bought Cove Point, would be able to provide customers such as Baltimore Gas and Electric Co. with a steady supply of liquid natural gas right from Maryland.
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