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By Opinions on stocks offered by investment experts. Compiled by Steve Halpen for Knight Ridder | December 11, 1991
FPL Group"We continue to like FPL Group (FPL, NYSE, around $35), the holding company for Florida Power & Light," says Greg Smith of Prudential Securities."
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BUSINESS
By Paul Adams and Paul Adams,SUN REPORTER | October 28, 2006
Constellation Energy Group reported yesterday a 75 percent increase in third-quarter net income, helping to blunt any investor concerns about the Baltimore-based energy company's decision this week to walk away from a $12.4 billion merger with FPL Group Inc. of Florida. The results were driven largely by the wholesale energy marketing and trading businesses that helped make Constellation an attractive acquisition target for FPL. Analysts said the higher-than-expected results may have provided the right backdrop for Constellation executives to terminate the merger.
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BUSINESS
By Steve Halpen for Knight Ridder | February 27, 1991
Claire's StoresClaire's Stores (CLE, NYSE, around $15) operates a national chain of more than 1,000 stores, selling fashion accessories such as costume jewelry and gift items. Under the leadership of a president who joined the company from The Limited in 1986, sales per store have grown at an extraordinary rate in each of the past two years," says The Van Kaspar Review of San Francisco.The company's strong sales momentum slowed in late 1990. We believe . . . current depressed multiple offers an excellent buy opportunity."
NEWS
By ANDREW A. GREEN AND KELLY BREWINGTON and ANDREW A. GREEN AND KELLY BREWINGTON,SUN REPORTERS | March 29, 2006
Constellation Energy Group executives presented lawmakers with a new plan yesterday for phasing in the 72 percent electricity rate increase scheduled to hit this summer, but legislative leaders said it still falls short of the protections consumers will need. The plan, a revision of a proposal Constellation officials made last week, would allow a 15 percent increase in Baltimore Gas and Electric increases July 1, with more hikes phased in over 18 months. Customers would not be charged interest on the deferred payments, but would be assessed an estimated $8.54 fee on their bills every month for eight years to pay the utility back for the forgone revenue.
BUSINESS
By Paul Adams and Paul Adams,SUN REPORTER | October 28, 2006
Constellation Energy Group reported yesterday a 75 percent increase in third-quarter net income, helping to blunt any investor concerns about the Baltimore-based energy company's decision this week to walk away from a $12.4 billion merger with FPL Group Inc. of Florida. The results were driven largely by the wholesale energy marketing and trading businesses that helped make Constellation an attractive acquisition target for FPL. Analysts said the higher-than-expected results may have provided the right backdrop for Constellation executives to terminate the merger.
BUSINESS
By HANAH CHO and HANAH CHO,SUN REPORTER | December 20, 2005
Acknowledging that job losses are likely with the merger of Constellation Energy Group Inc. and Florida-based FPL Group Inc., executives tried yesterday to reassure workers that any reductions would be handled through attrition and retirements. No layoffs are expected during the next year as the two companies that will be known as Constellation Energy close their deal. A work force reduction of less than 10 percent is expected, according to a slide presentation to employees that was included in a Securities and Exchange Commission filing that company officials made yesterday.
BUSINESS
By MARCIA HEROUX POUNDS AND JAMIE SMITH HOPKINS and MARCIA HEROUX POUNDS AND JAMIE SMITH HOPKINS,SOUTH FLORIDA SUN-SENTINEL; SUN REPORTER | December 22, 2005
Lou Barry has seen his Florida Power & Light Co. bill soar because of hurricane-related surcharges and adjustments for higher fuel costs. So when parent FPL Group Inc. announced its planned $11.5 billion acquisition of Baltimore's Constellation Energy Monday, he wondered whether he's in effect paying for it. "Are they going to give me free electric?" Barry, 68, of Boynton Beach, Fla., asked rhetorically. "If they've got the money to pull off a merger, then why are they taking money from me to pull themselves out of debt from the hurricane?"
NEWS
By PAUL ADAMS and PAUL ADAMS,SUN REPORTER | March 12, 2006
Early last summer, Mayo A. Shattuck III and his managers at Constellation Energy Group Inc. were worried. Energy prices had been climbing for years. Shattuck anticipated that the company's regulated utility, Baltimore Gas and Electric Co., faced a steep increase in power costs this July once rate caps expired with Maryland's move toward electric deregulation. The chief executive was worried about what looked to be a 30 percent to 35 percent rate increase at the time, and how that would sit with consumers.
NEWS
By KELLY BREWINGTON AND ANDREW A. GREEN and KELLY BREWINGTON AND ANDREW A. GREEN,SUN REPORTERS | March 28, 2006
A Senate committee approved yesterday a bill that would effectively fire the five current members of the Public Service Commission, which has been under intense criticism for not doing enough to protect Baltimore Gas and Electric Co. ratepayers from an impending 72 percent increase in electric bills. The move -- supported by Republican and Democratic lawmakers on the Senate Finance Committee -- is a rebuke to Gov. Robert L. Ehrlich Jr., who appointed four of the commission's five members and has spoken of trying to make the body more helpful to business.
NEWS
By ANDREW A. GREEN AND KELLY BREWINGTON and ANDREW A. GREEN AND KELLY BREWINGTON,SUN REPORTERS | March 29, 2006
Constellation Energy Group executives presented lawmakers with a new plan yesterday for phasing in the 72 percent electricity rate increase scheduled to hit this summer, but legislative leaders said it still falls short of the protections consumers will need. The plan, a revision of a proposal Constellation officials made last week, would allow a 15 percent increase in Baltimore Gas and Electric increases July 1, with more hikes phased in over 18 months. Customers would not be charged interest on the deferred payments, but would be assessed an estimated $8.54 fee on their bills every month for eight years to pay the utility back for the forgone revenue.
NEWS
By KELLY BREWINGTON AND ANDREW A. GREEN and KELLY BREWINGTON AND ANDREW A. GREEN,SUN REPORTERS | March 28, 2006
A Senate committee approved yesterday a bill that would effectively fire the five current members of the Public Service Commission, which has been under intense criticism for not doing enough to protect Baltimore Gas and Electric Co. ratepayers from an impending 72 percent increase in electric bills. The move -- supported by Republican and Democratic lawmakers on the Senate Finance Committee -- is a rebuke to Gov. Robert L. Ehrlich Jr., who appointed four of the commission's five members and has spoken of trying to make the body more helpful to business.
NEWS
By PAUL ADAMS and PAUL ADAMS,SUN REPORTER | March 12, 2006
Early last summer, Mayo A. Shattuck III and his managers at Constellation Energy Group Inc. were worried. Energy prices had been climbing for years. Shattuck anticipated that the company's regulated utility, Baltimore Gas and Electric Co., faced a steep increase in power costs this July once rate caps expired with Maryland's move toward electric deregulation. The chief executive was worried about what looked to be a 30 percent to 35 percent rate increase at the time, and how that would sit with consumers.
BUSINESS
By MARCIA HEROUX POUNDS AND JAMIE SMITH HOPKINS and MARCIA HEROUX POUNDS AND JAMIE SMITH HOPKINS,SOUTH FLORIDA SUN-SENTINEL; SUN REPORTER | December 22, 2005
Lou Barry has seen his Florida Power & Light Co. bill soar because of hurricane-related surcharges and adjustments for higher fuel costs. So when parent FPL Group Inc. announced its planned $11.5 billion acquisition of Baltimore's Constellation Energy Monday, he wondered whether he's in effect paying for it. "Are they going to give me free electric?" Barry, 68, of Boynton Beach, Fla., asked rhetorically. "If they've got the money to pull off a merger, then why are they taking money from me to pull themselves out of debt from the hurricane?"
BUSINESS
By HANAH CHO and HANAH CHO,SUN REPORTER | December 20, 2005
Acknowledging that job losses are likely with the merger of Constellation Energy Group Inc. and Florida-based FPL Group Inc., executives tried yesterday to reassure workers that any reductions would be handled through attrition and retirements. No layoffs are expected during the next year as the two companies that will be known as Constellation Energy close their deal. A work force reduction of less than 10 percent is expected, according to a slide presentation to employees that was included in a Securities and Exchange Commission filing that company officials made yesterday.
BUSINESS
By Opinions on stocks offered by investment experts. Compiled by Steve Halpen for Knight Ridder | December 11, 1991
FPL Group"We continue to like FPL Group (FPL, NYSE, around $35), the holding company for Florida Power & Light," says Greg Smith of Prudential Securities."
BUSINESS
By Steve Halpen for Knight Ridder | February 27, 1991
Claire's StoresClaire's Stores (CLE, NYSE, around $15) operates a national chain of more than 1,000 stores, selling fashion accessories such as costume jewelry and gift items. Under the leadership of a president who joined the company from The Limited in 1986, sales per store have grown at an extraordinary rate in each of the past two years," says The Van Kaspar Review of San Francisco.The company's strong sales momentum slowed in late 1990. We believe . . . current depressed multiple offers an excellent buy opportunity."
NEWS
April 8, 2006
Stop a restructuring of Baltimore schools. Mandate legislative oversight of Constellation Energy-FPL Group merger. Force Constellation to return $528 million in deregulation transition costs. Replace the Public Service Commission members. Establish an arbiter in state employee collective bargaining. Require renomination of Cabinet appointees by a second-term governor. Establish early-voting polling places. Ban political fundraising by University System of Maryland regents. Establish a limit on co-payments the state drug benefit plan may charge.
NEWS
February 2, 2006
House of Delegates convenes at 10 a.m. Senate convenes at 10 a.m. Hearings of interest: The Senate Finance Committee receives a briefing at 8:45 a.m. on the Constellation Energy-FPL Group merger. The House Economic Matters committee receives the same briefing at 10:45 a.m. The Senate Judiciary Committee hears testimony on legislation (SB 136) that would add commercial photographic processors and forensic computer analysts to the list of people such as teachers and police officers who are required to report suspected child abuse to state officials.
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