Highlights
The Baltimore Gas & Electric Company delivers electricity to more than 1 million customers in a 2,300-sqaure-mile area that includes Baltimore City and all or part of 10 counties in central Maryland. The company also serves more than 600,000 natural gas customers. BGE was founded in 1816 as the first gas utility in the United States, and it brought light in the form of burning gas to Baltimore's streets. It later expanded to included electric power early in the 20th century, and nuclear power with the opening of the Calvert Cliffs nuclear reactor in southern Maryland in 1975. BGE is a division of Constellation Energy Group, one of the largest sellers of wholesale power in the nation. BGE's r...
The Baltimore Gas & Electric Company delivers electricity to more than 1 million customers in a 2,300-sqaure-mile area that includes Baltimore City and all or part of 10 counties in central Maryland. The company also serves more than 600,000 natural gas customers. BGE was founded in 1816 as the first gas utility in the United States, and it brought light in the form of burning gas to Baltimore's streets. It later expanded to included electric power early in the 20th century, and nuclear power with the opening of the Calvert Cliffs nuclear reactor in southern Maryland in 1975. BGE is a division of Constellation Energy Group, one of the largest sellers of wholesale power in the nation. BGE's rates -- specifically, a projected rate increase of 72% -- were a contentious issue during the 2006 Maryland gubernatorial race between incumbent Robert L. Ehrlich Jr. and challenger Martin O'Malley.
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MidAmerican and Constellation seek regulator's OK
MidAmerican Energy Holdings Co. has applied with the Federal Energy Regulatory Commission for approval of its proposed $4.7 billion takeover of Constellation Energy Group Inc. Last month, the Des Moines-based MidAmerican, a unit of Warren Buffett's...Tags: Regulatory Policy and Organizations, Berkshire Hathaway Incorporated, MidAmerican Energy Holdings Company , Warren Buffett, Constellation Energy Group
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Blast, fire hit underground construction site
Baltimore firefighters responded last night to an underground explosion and fire at a construction site near Maryland General Hospital. No one was injured. The underground fire broke out before 9 p.m. in the 400 block of W. Madison St. at Eutaw Street,...Tags: Fires
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Bernard Francis Gugerty, BGE salesman
Bernard Francis Gugerty, a retired Baltimore Gas and Electric Co. sales representative who enjoyed biking and running, died Thursday of complications from an aneurysm at Stella Maris Hospice in Timonium. The Mays Chapel resident was 77. Mr. Gugerty was...Tags: Wine, Beer, and Spirits, Marathon, Johns Hopkins University
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Bidder for CEG makes offer for British group
PARIS French power provider EDF agreed yesterday to buy British Energy Group PLC for about $23.2 billion in cash, betting big on the prospects for Britain's nuclear industry at a time of growing global concern about greenhouse gas emissions. The deal,...Tags: Nuclear Power, Global Warming, MidAmerican Energy Holdings Company , Constellation Energy Group
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Regulating energy won't help consumers
The Maryland Chamber of Commerce would like to add a perspective missing from state Sens. E.J. Pipkin and Jim Rosapepe's column "Let's get a better deal" (Commentary, Sept. 23). We are in extraordinary and uncertain economic times, with great instability...Tags: MidAmerican Energy Company
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Not your father's local electric company anymore
Now I know how Warren E. Buffett acquired all those companies so cheaply. The deal his MidAmerican Energy Holdings struck with the board of Constellation Energy Group last week smacks of possible management self-dealing. For accepting Mr. Buffett's...Tags: Investments, MidAmerican Energy Company, Warren Buffett, Constellation Energy Group, Family
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A chance to create a new public utility
If Gov. Martin O'Malley really wanted to stand up for the consumers of Maryland, he would have the vision to see the pending sale of Constellation Energy Group for what it is - a perfect opportunity to create a utility that does not gamble with ratepayers...Tags: Constellation Energy Group, Martin O'Malley
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Three-alarm fire burns Constellation power plant
Baltimore County firefighters spent three hours last night battling a three-alarm blaze that broke out at Constellation Energy's Riverside Power Plant along the Patapsco River. Two firefighters suffered minor injuries and were treated at the scene of...Tags: Patapsco, Dundalk, Fires
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Constellation timeline
1816: Rembrandt Peale and four other prominent Baltimoreans form the country's first gas utility, Gas Light Co. of Baltimore. 1880: After fierce competition, Gas Light Co. merges with two rivals to form Consolidated Gas Co. of Baltimore City. 1906:...Tags: Potomac Electric Power Company, Electricity Production and Distribution, The Goldman Sachs Group Incorporated, Mergers, Acquisitions and Takeovers, Economic Policy
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Let's get a better deal
There's no question that Warren E. Buffett's proposed purchase of Constellation Energy Group for $4.7 billion - together with the additional $1 billion investment by Mr. Buffett - is good for the management of Constellation. It's good for Mr. Buffett,...Tags: Electricity Production and Distribution, Nuclear Power, Economic Policy, Energy, Martin O'Malley
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Outbidding Buffett
One of Constellation Energy Group's largest shareholders formally protested the company's $4.7 billion sale to Warren E. Buffett's MidAmerican Energy yesterday, saying it had offered a substantially higher bid of $6.2 billion last week but got no response...Tags: Stock Broking, Regulatory Policy and Organizations, Nuclear Power, Lehman Brothers Holdings Incorporated, New York Stock Exchange
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Constellation seals deal for its sale
Constellation Energy Group sealed an agreement yesterday allowing Warren Buffett's MidAmerican Energy Holdings to buy the company for $4.7 billion, even as the Baltimore firm's largest shareholder was reported to be weighing a higher bid for the company....Tags: Nuclear Power, Morningstar Incorporated, Chesapeake Bay, Plant Openings, Ratings
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