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O’Malley says he can’t support Constellation deal

BY: Associated Press
POSTED: December 9, 2011
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Maryland’s governor said he can’t support the proposed $7.9 billion takeover of Baltimore’s Constellation Energy by Chicago’s Exelon Corp. that is being considered by his state’s utility board. Gov. Martin O’Malley wrote in a letter to The Baltimore Sun that Exelon has yet to offer a proposal showing the deal will benefit the public interest, [...]


EDF reiterates Constellation-Exelon opposition

BY: Associated Press
POSTED: December 5, 2011
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French energy firm Electricite de France spelled out its opposition to a proposed $7.9 billion takeover of Constellation Energy in a filing with Maryland regulators. EDF is one of Constellation’s largest shareholders and owns nearly half of the company’s nuclear unit. The French firm says in a filing Monday that the deal would, among other [...]


Public hearings this week on Constellation deal

BY: Associated Press
POSTED: November 29, 2011
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The public can comment on the proposed $7.9 billion takeover of Constellation Energy at public hearings that begin this week. The first is scheduled Tuesday night at Bel Air’s Town Hall. Another is to be held Thursday at the War Memorial Building in Baltimore, and a third is Monday in Annapolis. All begin at 7 [...]


Constellation, Exelon shareholders approve merger (access required)

BY: Ben Mook
POSTED: November 17, 2011
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Garrett County legislators have told Exelon Corp. and Constellation Energy Group, which plan to merge, that if they want to build new wind energy projects, they might want to look elsewhere. County commissioners in Maryland’s westernmost county sent a letter on Nov. 8 to Chicago-based Exelon addressing a proposal in the merger to build a [...]


Exelon wanted more renewable energy in takeover bid

BY: Associated Press
POSTED: November 1, 2011
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L To R- Christopher Crane, President and CEO of Exelon, sitting with Mayo Shattuck III, CEO of Constellation Energy Group

Exelon Corp. wanted to offer to build more renewable energy as part of its $7.9 billion bid for Constellation Energy Group Inc., the company’s president testified Tuesday as top executives for both appeared for a second day before Maryland regulators. The deal includes a $100 credit for each residential customer of Constellation’s regulated utility, Baltimore [...]


Photo of the Day – Day of Action

BY: Rich Dennison
POSTED: October 21, 2011
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Day-of-Action0001rd-2

Check out a slideshow of our past Photos of the Day from The Daily Record’s staff photographers. We also have a SmugMug page, where you can purchase photos taken by The Daily Record staff


Donald C. Fry: Utility merger is good deal for state (access required)

BY: Donald C. Fry
POSTED: October 20, 2011
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The merger proposal of the Exelon Corp. and Constellation Energy Group will surface in earnest next Friday. That’s when the Public Service Commission has scheduled a status conference on the merger, to be followed by public hearings between then and Dec. 5. Typical of most major issues that come before the commission, the merger proposal [...]


Third quarter produces strategic acquisitions but no mega-deals

BY: Ben Mook
POSTED: October 13, 2011
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Paul Kaplun, Partner, Venable LLP

The deals continued to flow in the third quarter as the number of Maryland companies involved in mergers and acquisitions activity stayed strong, continuing a rebound that has carried on all year. The quarter lacked a marquee deal like the second quarter’s $1.7 billion acquisition of Constellation Energy Group by Exelon Corp. The largest reported [...]


Constellation power plants to test sorghum as fuel

BY: Associated Press
POSTED: September 21, 2011
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Constellation Energy says it plans to test sorghum as a fuel for two California power plants. The Baltimore-based company announced Wednesday that is has signed an agreement with Chromatin Inc., which is growing three fields of sorghum. If successful, Constellation says it will mark the first production-scale effort in California to generate power from a [...]


Constellation announces solar leasing program for homes

BY: Daily Record Staff
POSTED: September 8, 2011
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Constellation Energy Group of Baltimore unveiled a solar panel leasing program for residential customers in Maryland and five other, mostly East Coast, states. Constellation is offering a choice of a little-to-no money down or prepaid lease for a 20-year term. In Maryland, Constellation will offer residential solar sales and leasing through its BGE HOME subsidiary. [...]


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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..]