Highlights
A collection of news and information related to Constellation Energy Group published by Tribune Company sources.
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Constellation, EDF close deal
Constellation Energy Group announced Friday that it has closed a deal to sell half of its nuclear power business to a French utility, exactly a week after Maryland regulators approved the $4.5 billion transaction with conditions. "With the close of the...Tags: Warren Buffett
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CEG closes nuclear deal
Constellation Energy Group closed a deal Friday to sell half its nuclear power business to a French utility, one week after Maryland regulators approved the $4.5 billion transaction with conditions. The deal's closure ends a difficult chapter for...Tags: Joint Ventures, Baltimore Gas and Electric Co., Warren Buffett, Nuclear Power, Bankruptcy
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Losing Black & Decker a bad sign for Md. business
It wasn't on the agenda, but the loss of Black & Decker's headquarters was drinks-and-hors d'oeuvres chatter at the Maryland Chamber of Commerce's policy conference in Cambridge on Thursday. Don't call it happy hour. The Fortune 500 company is shifting...Tags: Robert L. Ehrlich Jr., Martin O'Malley, Business Enterprises, Executive Branch, National Government
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Time to replace Mayo Shattuck
So BGE customers will get a one-time $100 credit, costing Constellation Energy Group $110.5 million, when in reality, CEG only wanted to pay a paltry $22.5 million in one-time credits. This is pocket change to CEG and an insult to all Marylanders. Gov....Tags: Government, Martin O'Malley, CEO Pay, Stock Broking, Alex Brown
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CEG to act quickly on EDF deal
Constellation Energy Group and its nuclear joint venture partner, Electricite de France, announced Monday that they will move quickly to close their $4.5 billion nuclear joint venture, though the deal leaves some unanswered questions. Among them: when...Tags: William Donald Schaefer, Moody's Corporation, U.S. Department of Energy, Ratings, Society
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Powerful regulators
After months of political posturing, legal maneuvering, strong-arm tactics and heated rhetoric, Constellation Energy Group and Electricité de France on Monday moved toward accepting the conditions imposed by Maryland's Public Service Commission on the...Tags: Civil and Public Service, Economic Policy, Government, Martin O'Malley, Baltimore Gas and Electric Co.
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Hale's $125 million deal
Columbia-based Corporate Office Properties Trust said Thursday that it paid $125 million to acquire Baltimore developer Edwin F. Hale Sr.'s 1st Mariner Tower and surrounding land slated for a large waterfront development. COPT, which already held a $30...Tags: Harbor East, Corporate Office Properties Trust Inc., Housing Industry, Rental Service, National Government
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PSC approves $4.5 billion Constellation, EDF deal
Imposing several conditions including a one-time $100 credit each for customers of Baltimore Gas & Electric Co., Maryland energy regulators Friday approved Constellation Energy Group's deal to sell half of its nuclear power business to a French utility.... -
State OKs Constellation deal
Maryland regulators approved Constellation Energy Group's nuclear joint venture with a French utility Friday, adding conditions - including a one-time $100 credit for each Baltimore Gas and Electric Co. customer - that fell short of concessions Gov....Tags: CEO Pay, Baltimore Gas and Electric Co., Conservation, Nuclear Power, Financially Distressed Companies
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A smarter grid
Members of the Maryland congressional delegation and the U.S. secretary of housing and urban development joined Friday to congratulate Baltimore Gas and Electric Co. for receiving $200 million in federal stimulus grants to support efforts to modernize the...Tags: U.S. Department of Energy, John P. Sarbanes, Government, Baltimore Gas and Electric Co., Consumers
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Tool titans Black & Decker, Stanley Works to merge
Baltimore Sun reportersBlack & Decker Corp., the Towson-based toolmaker founded here almost 100 years ago, said Monday that it plans to merge with The Stanley Works in a $4.5 billion all-stock deal that will bring together internationally known brands but reduce the number of...Tags: Land Price, Martin O'Malley, New Britain, Management Change, Alex Brown
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Warren Buffett To Buy Burlington Northern Railroad
AP Business WriterOMAHA, Neb. (AP) — Billionaire Warren Buffett likes to compare his company to a masterpiece that he's been painting for nearly five decades, and the deal he announced Tuesday will permanently alter the color of Berkshire Hathaway Inc.'s portrait....Tags: Energy Resources, Goldman Sachs, Wm. Wrigley Jr. Co., Energy, Wells Fargo & Co.
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