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Delaware, Maryland praise transmission line cost decision
The governors of Delaware and Maryland are praising a federal panel's ruling in a dispute over planned cost allocations for a $278 million regional electric transmission line.
Company wants to start work on pipeline under Potomac
Columbia Gas Transmission is asking federal regulators for permission to start building a natural gas pipeline that would run through part of western Maryland and cross under the Potomac River near Hancock.
Federal regulators approve natural gas pipeline in Maryland
Federal regulators have approved a plan for a natural gas pipeline through part of western Maryland near Hancock.
Maryland can’t subsidize new power plants, appeals court rules
Maryland can’t put into effect a program to subsidize new power plants in the state, a U.S. appeals court ruled, saying the proposal would circumvent the Federal Energy Regulatory Commission’s exclusive authority over interstate energy rates.
Feds OK pipeline expansion
Federal officials have approved construction of a controversial expansion and modernization of an existing natural gas pipeline from Baltimore County into Harford County.
Bay Foundation to intervene in dam relicensing
ANNAPOLIS — The Chesapeake Bay Foundation has filed to intervene in the relicensing of the hydropower facility at the Conowingo Dam. The foundation said Tuesday that it will urge a solution to the effects the dam has on water quality and habitat. The Conowingo Project on the Susquehanna River is owned by Exelon Corp. The […]
Group claims Frederick Co. natural gas unit would block battlefield view
MYERSVILLE — Opponents of a proposed natural gas compressor station in Myersville claim the unit would block views of the South Mountain Civil War battlefield. The Frederick News-Post reported Tuesday that a group called Myersville Citizens for a Rural Community objected to the plan in a letter to the Federal Energy Regulatory Commission. The agency […]
Maryland mergers and acquisitions surge in 1Q
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 […]
Constellation-Exelon deal gets final approval
Exelon Corp.’s $7.9 billion acquisition of Baltimore’s last remaining Fortune 500 company cleared its final regulatory hurdle Friday with the conditional approval of the deal by the Federal Energy Regulatory Commission. On Feb. 17, Maryland’s Public Service Commission gave its approval for the Chicago-based firm to take over Constellation Energy Group, the parent company of […]
PSC approves Constellation-Exelon merger
The Public Service Commission conditionally approved Exelon Corp.’s $7.9 billion purchase of Constellation Energy Group on Friday. Baltimore’s last remaining Fortune 500 company’s days appeared to be numbered after state regulators signed off on the all-stock deal, under which the companies will merge, with Exelon as the surviving entity. The commission said it could not […]
Exelon 4Q profit rises, adjusted results miss view
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 […]
W.Va. foes file new challenge of PATH charges
SHEPHERDSTOWN, W.Va. — Two West Virginia residents are again challenging charges that two utilities imposed on customers to recover the costs of promoting a proposed multistate power line. Keryn Newman of Shepherdstown and Alison Haverty of Chloe claim FirstEnergy and American Electric Power improperly charged customers in 13 states and the District of Columbia millions […]
