Nuclear Regulatory Commission approves Constellation-Exelon deal
BY: Associated Press
POSTED: February 16, 2012
Tags: Baltimore, Constellation Energy Group, constellation energy nuclear group, constellation exelon merger, edf, Exelon Corp., gov. martin o'malley, nine mile point, NRC, nuclear, Nuclear Regulatory Commission, Office of the People's Counsel, power plants, r.e. ginna
Exelon’s proposed takeover of Constellation Energy crossed another hurdle Thursday when the Nuclear Regulatory Commission approved the $7.9 billion deal. Constellation’s nuclear division, the Constellation Energy Nuclear Group, is licensed to operate five reactors and two spent fuel installations. The staffs at the plants, including management, will remain essentially unchanged when Exelon takes over, the [...]
EDF drops opposition to Exelon-Constellation deal 
BY: Ben Mook
POSTED: January 17, 2012
Tags: Baltimore Gas & Electric, BGE, Christopher M. Crane, Constellation Energy Group, constellation energy nuclear group, edf, electricite de france, exelon, martin O'Malley, PSC, Public Service Commission
Electricite de France, Constellation Energy Group’s largest shareholder and up to now the biggest critic of the company’s planned $7.9 billion acquisition by Exelon Corp., said Tuesday it was now on board with the deal. The French utility giant had been blasting the deal for months in testimony before the Maryland Public Service Commission, which [...]
O’Malley reaches settlement, now supports Exelon takeover of Constellation
BY: Ben Mook
POSTED: December 15, 2011
Tags: Baltimore Gas & Electric, BGE, Constellation Energy Group, edf, electricite de france, exelon, martin O'Malley, PSC, Public Service Commission, Solar Power, stephanie rawlings-blake, wind power
After winning concessions valued at more than $1 billion — nearly twice what was originally offered — Gov. Martin O’Malley gave his blessing Thursday to the proposed sale of Baltimore-based Constellation Energy Group Inc. to Exelon Corp. O’Malley, previously a staunch opponent of the $7.9 billion deal, said the settlement agreed to by the companies [...]
Ellen R. Sauerbrey: Constellation a victim of Maryland extortion again
BY: Ellen R. Sauerbrey
POSTED: November 6, 2011
Tags: Baltimore, chicago, Constellation Energy Group, edf, electricite de france, exelon, fortune 500, investment, maryland, Moody's Investors Service, Public Service Commission
Constellation Energy Group Inc. is Baltimore’s last remaining Fortune 500 corporation. One might assume that state officials would be focused on the stability and retention of major private sector employers like Constellation. Not so! Instead, the state has an addiction to extorting money from the energy company, placing restrictions on its mergers and acquisitions, and [...]
Constellation deal would not revive push for new reactor at Calvert Cliffs
BY: Ben Mook
POSTED: April 28, 2011
Tags: calvert cliffs, constellation energy group inc., deal, edf, Electricite de France SA, Exelon Corp., expansion, john w. rowe, maryland, merger, nuclear power plant
The proposed merger between Constellation Energy Group Inc. and Exelon Corp. is not going to revive efforts to build a new reactor at the Calvert Cliffs nuclear power plant. Exelon Chairman and CEO John W. Rowe said during a conference call Thursday that the $7.9 billion deal would not include a push to pursue the [...]
Accident in Japan casts more doubt on future of new power plants in the U.S.
BY: Ben Mook
POSTED: March 24, 2011
Tags: calvert cliffs, Constellation Energy Group, edf, Energy, Energy Policy Act, japan, Japan’s Fukushima Daiichi, meltdown, nuclear power plants, PSC, reactor, Senate Energy and Natural Resources Committee, UniStar Nuclear Energy
Already faced with high construction costs, extensive red tape, cheaper alternatives that make a return on investment unclear, and now the fallout from the damage to the three reactors in Japan after this month’s massive earthquake and tsunami, the hurdles facing new nuclear power plants continue to grow. French power company Electricite de France plans [...]
Electricite de France officials meet with O’Malley on nuke plant
BY: Associated Press
POSTED: March 2, 2011
Tags: Baltimore Sun, calvert cliffs, Constellation Energy Group, edf, electricite de france, federal loan, gov. martin o'malley, Nuclear Power, nuclear power plant, O'Malley, office of energy and climate change policy
ANNAPOLIS — Gov. Martin O’Malley met again with officials of French utility Electricite de France SA over stalled plans for a third reactor at the Calvert Cliffs nuclear power plant in southern Maryland. Constellation Energy Group Inc. announced last year that it was pulling out of a joint venture with EDF over risks linked to [...]
Constellation loses $1.4B on nuclear write-downs
BY: Ben Mook
POSTED: October 29, 2010
Tags: Constellation Energy Group, earnings, edf, Nuclear Power
Constellation Energy Group had a net loss of $1.4 billion in the third quarter, due mainly to write-downs related to its nuclear power joint ventures including UniStar Nuclear Energy LLC. Not including the nuclear joint venture and other costs, Constellation said it would have earned 48 cents per share for the third quarter of 2010, [...]
Constellation sells share in joint venture to EDF
BY: Associated Press
POSTED: October 27, 2010
Tags: Constellation Energy Group, edf, maryland, Nuclear Power
ANNAPOLIS — Electricite de France SA and Constellation Energy Group Inc. have agreed to restructure a joint venture to allow the French state-controlled utility to move forward with plans for a third nuclear reactor in Maryland. Under the deal announced late Tuesday, EDF will acquire Baltimore-based Constellation’s 50 percent ownership in the joint venture known [...]
EDF member of Constellation board resigns
BY: Associated Press
POSTED: October 18, 2010
Tags: constellation, edf, electricite de france, resign
Electricite de France SA says its member on Constellation Energy Group Inc.’s board of directors will resign and the French company has nominated a Montreal attorney to fill the vacancy. EDF did not give a reason and a Constellation spokesman deferred questions to EDF. EDF said Monday that Daniel Camus would step down Thursday and [...]
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