NEWS
By Hanah Cho | July 31, 2009
Maryland energy regulators said Thursday that more time is required to review Constellation Energy Group's $4.5 billion deal with a French utility, forcing the company to miss its deadline to close the transaction. Constellation said it was disappointed and warned that "any delay in a transaction of this magnitude adds to the risk of it not closing, which would be a real loss for Maryland." The Public Service Commission had expected to issue a decision by Sept. 17 on whether the company's agreement to sell half its nuclear power business to Electricite de France is in the public's interest.
NEWS
By Martin O'Malley | June 22, 2009
Over the last few weeks, there has been much talk of Constellation Energy's latest battle with the Public Service Commission and a lawsuit the company has filed to block a public interest inquiry into a $4.5 billion corporate merger. To hear Constellation's side, this is a case of overzealous government regulation. But I believe that if we had had more scrutiny of corporate behavior, rather than less, perhaps some of the egregious abuses and bad behavior that caused the collapse of our financial system last fall might have been avoided.
NEWS
June 17, 2009
Constellation responsible for impasse with state Your editorial attacking Gov. O'Malley for insisting that the Constellation/EDF merger benefit ratepayers, shareholders and the environment rather than just a handful of Constellation executives ("Separate Politics, Power" June 15) is based on several significant factual mistakes: * Constellation got itself into its latest self-inflicted mess in December by filing a frivolous legal challenge to the Public Service Commission's responsibility to review whether or not the transaction is in the public interest.
NEWS
By Andrea K. Walker | September 30, 2006
Federal prosecutors will not pursue a criminal case against Dutch food conglomerate Royal Ahold NV related to a 2000 accounting scandal at its U.S. Foodservice division in Columbia. U.S. Foodservice overstated income by about $800 million from 2000 to 2003. Ahold's market value plunged two-thirds after the accounting fraud was uncovered. U.S. Foodservice, the nation's No. 2 distributor to restaurants and other food-service establishments, recorded false promotional allowances that inaccurately reduced its cost of sales and inflated its earnings.
NEWS
May 24, 2006
Act now to redress BGE rate increase I agree wholeheartedly with Edwin Hill's column "Maryland needs new PSC to protect public interest" (Opinion * Commentary, May 19). It's past time for the governor and the Democratic leaders of the state's House and Senate to put political games aside and take action to modify the 72 percent electricity rate increase, which is due to begin in July. Obviously, the Public Service Commission will do nothing. Its members need to be replaced. Also, Baltimore Gas and Electric Co. customers need to be reimbursed for the $528 million paid to Constellation Energy Group in anticipation that its power plants, including the Calvert Cliffs nuclear facility, would decrease in value, which didn't happen.
NEWS
By EDWIN D. HILL | May 19, 2006
WASHINGTON -- Before utility industry deregulation reared its ugly head, rate increases and merger proposals were aired in the public arena. Sadly, the process has lost much of its transparency, and the consumers, workers and the industry itself are worse off for it. With two energy corporations, Constellation Energy Group and Florida-based FPL Group, proposing a merger that would create the second-largest utility in the United States, the need for...
NEWS
By JILL ZUCKMAN | March 30, 2006
WASHINGTON -- On the day that lobbyist Jack Abramoff was sentenced to nearly six years in prison for conspiracy and wire fraud, the Senate voted overwhelmingly to pass legislation reining in lobbyists, but the bill's prospects of becoming law are uncertain. Public-interest advocates derided the measure for failing to address key areas of influence-peddling, such as privately funded travel for members of Congress and flights on corporate jets at greatly reduced fares. Several prominent senators who had fought for strict ethics rules voted against the bill, saying they were disappointed with the final version.
NEWS
March 14, 2006
Public financing can purify politics Public financing of political campaigns is the most important issue before the General Assembly ("Reform that counts," editorial, March 8). If legislators were relieved of the corrupting influences of money on the decision-making process, decisions could be made only on the basis of what is in the best interest of the public. We could then have far greater confidence that the important issues would be decided on their substantive merits, rather than be tainted by how a vote might adversely affect financial contributions to lawmakers' re-election campaigns.
NEWS
March 13, 2006
Anna Moffo, 73, an American soprano who was beloved for her rich voice, dramatic vulnerability and exceptional beauty, died of a stroke Friday at a hospital in New York City. Though Miss Moffo's career began splendidly, her voice had declined by her late 30s. With her radiant appearance, she was drawn early on into television and film, playing host of her own variety show on Italian television for many years. For several years she enjoyed enormous success and won a devoted following at a time when her competition for roles like Verdi's Violetta, Puccini's Mimi and Donizetti's Lucia included Maria Callas, Renata Tebaldi and Joan Sutherland.
NEWS
By Luke Broadwater | September 8, 2005
A U.S. District Court Judge yesterday sided with the state in a $7.7 million lawsuit filed against the Maryland Public Secondary Schools Athletic Association alleging that the state was discriminating against home-schooled students by disallowing them from competition against public-schoolers. Judge J. Frederick Motz ruled that a compromise, called The Standards of Competition, proposed by the MPSSAA allows home-schoolers to compete against public schools provided they follow a series of rules, including age and academic restrictions, created by the state.