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Constellation, Exelon give science center $1.8M

BY: Daily Record Staff
POSTED: May 15, 2012
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Constellation Energy and its parent company, Chicago-based Exelon Corp., announced a combined $1.8 million donation to the Maryland Science Center for the creation of a new, state-of-the-art energy exhibit. Expected to open in late 2013, the multimedia, interactive exhibit will contain detailed displays about how energy is produced, and how it can be conserved and [...]


Maryland mergers and acquisitions surge in 1Q

BY: Maria Zilberman
POSTED: April 19, 2012
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Bucking a national trend, Maryland mergers and acquisitions rose almost 25 percent in the first quarter of 2012 compared with the last quarter of 2011, with the increase largely driven by the biotechnology, pharmaceutical and medical sector. According to data compiled by Bloomberg Financial exclusively for The Daily Record, 55 deals closed in the first [...]


Owen Rouse Jr.: Who Moved My Core? (access required)

BY: Owen Rouse Jr.
POSTED: February 24, 2012
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The Exelon headquarters site selection choice seems to have surprised the pundits and prompted heckles from politicians with downtown constituents. Shock, dismay and “woe is me,” seem to be the sentiment. But if you looked closely, you could have seen this selection forming like a storm cloud on the horizon or (more positively) like the [...]


Maryland consumer advocate opposes Constellation-Exelon deal

BY: Associated Press
POSTED: February 7, 2012
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Maryland’s consumer advocate says Exelon’s proposed $7.9 billion takeover Constellation Energy is still not in the public’s interest, despite the two companies’ recent settlement with Gov. Martin O’Malley’s administration. The Maryland Office of People’s Counsel said in a filing Monday with the Public Service Commission that the two companies have not demonstrated the merger will [...]


Exelon 4Q profit rises, adjusted results miss view (access required)

BY: Associated Press
POSTED: January 25, 2012
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CHICAGO — Power plant operator Exelon Corp. on Wednesday said that its fourth-quarter profit rose 16 percent, but its adjusted results missed Wall Street expectations due to higher costs and unfavorable weather conditions. Its shares slipped in midday trading after sinking to a 52-week low earlier in the session. The company is one of the [...]


O’Malley takes new tack on wind (access required)

BY: Nicholas Sohr
POSTED: January 23, 2012
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ANNAPOLIS — Gov. Martin O’Malley’s second try at legislation to foster development of an offshore wind energy farm includes what he has billed as stronger protections for power customers and more palatable requirements for utility companies. The governor called the new wind bill “a reasonable approach that caps exposure for ratepayers and yet sends a [...]


Democratic Governors Association reports fundraising for 2011

BY: Associated Press
POSTED: January 3, 2012
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ANNAPOLIS — The Democratic Governors Association chaired by Maryland Gov. Martin O’Malley has reported it raised more than $20 million in 2011. The DGA said Tuesday that the money raised in 2011 outpaces the $12.7 million raised in 2007. O’Malley says he is proud the DGA was able to help Democratic governors win tough races [...]


The Daily Record’s Top 20 stories of 2011

BY: Daily Record Staff
POSTED: December 29, 2011
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The former site of Maryland Chemical Company, and possible future home of Celebration Casino.

What were the biggest news stories of 2011? Race cars zooming around the Inner Harbor? Potential promised (new development in Owings Mills) or potential unrealized (development in East Baltimore, the future of horse racing in Maryland)? Maybe it can be summed up in a word: Constellation; ICC; Ed Hale. Or “guilty” in the cases (literally) [...]


Cardin: Power suppliers need to catch up to Maryland

BY: Associated Press
POSTED: December 21, 2011
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WASHINGTON — Sen. Ben Cardin says new federal power plant regulations are supported by Maryland energy suppliers and it’s time the rest of the nation’s energy producers catch up. The new EPA rule is estimated to cost the industry $9.6 billion and was released despite intense opposition from Republicans, who said it would threaten jobs [...]


Top-level executives named for post-merger Constellation

BY: Daily Record Staff
POSTED: December 14, 2011
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Kenneth W. Cornew, president of the Exelon Power Team of Kennett Square, Pa., will be president of the Constellation business unit of Exelon Corp. after the $7.9 billion acquisition of Constellation Energy Group by Exelon is approved by federal and state regulators, Chicago-based Exelon said Wednesday. Other appointments announced are Mark Huston, currently head of [...]


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Maryland Moment – Fish soon-to-be out of water

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Production Manager Dave Likens, left, and Sound Engineer Dave Mason set up the weigh-in stage at the National Harbor on Wednesday for the FLW Tour's bass-fishing competition being held May 17-20 on the Potomac River. The event is scheduled to be televised June 24 on the NBC Sports Network. (The Daily Record/Maximilian Franz)[More..]