Become a digitalPLUS subscriber. $12 for 12 weeks.
News Opinion Readers Respond

Constellation-Exelon merger would be a disaster for BGE ratepayers

As a BGE ratepayer, I'm strongly opposed to the Constellation-Exelon merger ("O'Malley praises Exelon-CEG deal," Dec. 16).

For the third time since 2007, Constellation CEO Mayo Shattuck has been trying to engineer a buyout or merger of Constellation while doubling costs to BGE ratepayers, this time with a $13.4 million payday for himself.

The primary legal responsibility of the Maryland Public Service Commission, as state Sens. E.J. Pipkin and James C. Rosepepe noted in a letter to agency, is to protect the best interests of BGE ratepayers.

The PSC erred badly when it allowed Electricite de France to scuttle the Mid-American Energy buyout of Constellation in 2008. BGE charges 14 cents per kilowatt hour, while Exelon charges 17 cents for the same power in Philadelphia.

To the PSC, which appears poised to allow this merger, I have one question: Have you no sense of decency at all?

To allow Mr. Shattuck's newest merger scheme, which would put $36 million of BGE ratepayers' costs directly in BGE executives pockets, is a travesty that clearly violates the legal responsibility of the PSC to protect the economic interests of BGE ratepayers.

Charles L. Rogers, Edgewater

Copyright © 2014, The Baltimore Sun
Related Content
  • Baltimore: America's biggest branch town
    Baltimore: America's biggest branch town

    Our view: Perhaps for the first time, Baltimore lacks a Fortune 500 company headquarters, but that is still no reason for despair

  • Stretching downtown
    Stretching downtown

    Our view: Exelon's decision to build a new tower in Harbor East is hardly a death blow to Baltimore's central business district — but it should offer lessons in what would make the area more attractive

  • Constellation has proven a good neighbor

    The American Red Cross of the Chesapeake Region knows how important it is to stay connected to your home. We have been serving Maryland's disaster victims every day for the past 107 years from our offices in Baltimore. We've changed our physical address a few times, but the truth is, Red...

  • Exelon a natural for downtown

    As someone with a vested interest in the health and prosperity of downtown Baltimore and the west side of downtown in particular, I appreciate that Exelon Corp.is committed to maintaining Constellation Energy Group's employment presence in Baltimore, and perhaps even increasing it. I do hope...

  • Exelon's place downtown
    Exelon's place downtown

    Constellation's new owner should think carefully about whether, and where, to build a new office tower

  • A strong settlement for Constellation-Exelon merger
    A strong settlement for Constellation-Exelon merger

    Our view: Gov. Martin O'Malley addressed the most important issues posed by the Constellation-Exelon deal by focusing on the long-term impacts to BGE

Comments
Loading