Archived coverage: Proposed CEG-FPL merger

Frequently asked BGE questions

December 22, 2005

Customers in Florida unsold on bigger utility

Lou Barry has seen his Florida Power & Light Co. bill soar because of hurricane-related surcharges and adjustments for higher fuel costs. So when parent FPL Group Inc. announced its planned $11.5 billion acquisition of Baltimore's Constellation Energy Monday, he wondered whether he's in effect paying for it.

December 22, 2005

FPL officials get raises

As FPL Group's CEO was nearing a merger deal last week, Lewis Hay III and other top Florida Power & Light executives got pay raises for 2006.

December 21, 2005

Sun Q&A: Bernie Kohn on Constellation-FPL deal

Mitchell, Baltimore: Why doesn't the Florida Public Service Commission have to approve the merger as the Maryland Public Service Commission does?

December 21, 2005

CEG, FPL agree to stiff fees if deal fails

Some investors may not like the price FPL Group Inc. has agreed to pay for Constellation Energy Group Inc., but the companies made sure that a competitor would need very deep pockets to swoop in with a sweeter offer now.

December 20, 2005

Constellation, FPL unveil $11.5 billion merger plan

After Mayo A. Shattuck III and Lewis Hay III began meeting last spring to discuss a merger of the power companies they lead, they described their talks as "Project NASCAR." Shattuck's Constellation Energy Group Inc. in Baltimore was code-named "Chevy" and Hay's FPL Group Inc. was "Ford."

December 20, 2005

Agreement spells out payments to Shattuck

According to the latest agreement, if Mayo A. Shattuck III, CEO of Constellation Energy Group Inc. and future chairman of FPL Group Inc., leaves the merged company:

December 20, 2005

Constellation-FPL merger

Merger impact weighed

Acknowledging that job losses are likely with the merger of Constellation Energy Group Inc. and Florida-based FPL Group Inc., executives tried yesterday to reassure workers that any reductions would be handled through attrition and retirements.

December 20, 2005

Jay Hancock: However it's spun, Baltimore is losing a headquarters

As sales of key corporate citizens to out-of-town landlords go, the merger of Constellation Energy with FPL Group isn't that bad. So why are they trying to spin us like a dynamo in a heat wave?

December 20, 2005

Local leaders see merger as positive for Baltimore

After days of rumors and speculation that raised fears that Baltimore might lose yet another corporate headquarters, local business and political leaders seized on what they saw as the positive news in yesterday's announcement that a Florida power company would buy Constellation Energy Group Inc.

December 20, 2005

Constellation-FPL Merger

Leaders stress their merger to be a 'marriage' of equals

In every detail, down to their coordinated dark suits with red ties, the chief executives at Constellation Energy Group Inc. and FPL Group Inc. wanted to drive home the message yesterday that they're merging - merging - as complementary equals.

December 19, 2005

Energy firms to detail merger

Constellation Energy Group and Florida-based FPL Group Inc. are expected to announce today a more than $11 billion merger that will create a Fortune 100 energy giant with joint headquarters in Baltimore and Juno Beach, Fla., a source familiar with the negotiations said yesterday.