Highlights
Headquartered in Chicago, Exelon Corporation is one of the nation¿s largest electric utilities. Commonwealth Edison, Pennsylvania Electric (PECO) and Exelon Generation are business units of Exelon. The company distributes electricity to over five million customers in Illinois and Pennsylvania, and operates the biggest nuclear fleet in the United States. The company was created in 200 when PECO Energy merged with Unicom, which owned ComEd. Annual revenue tops $15 billion.
Headquartered in Chicago, Exelon Corporation is one of the nation¿s largest electric utilities. Commonwealth Edison, Pennsylvania Electric (PECO) and Exelon Generation are business units of Exelon. The company distributes electricity to over five million customers in Illinois and Pennsylvania, and operates the biggest nuclear fleet in the United States. The company was created in 200 when PECO Energy merged with Unicom, which owned ComEd. Annual revenue tops $15 billion.
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Exelon, Constellation donate $1.8M to Md. Science Center
Exelon Corp. and Constellation have donated $1.8 million for a new energy exhibit at the Maryland Science Center, the first public display of their charitable commitment to the city and state since the merger between the energy giants closed in March, the...Tags: Investments, Mergers, Acquisitions and Takeovers, Civil and Public Service, Stephanie Rawlings-Blake, Charity
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One Baltimore company on Fortune 500 list — for last time
Baltimore made the newest Fortune 500 list by the skin of its teeth — with a company that was based here last year but is now part of an out-of-state concern.
Constellation Energy Group, which merged with Chicago-based Exelon Corp. in March, is No....Tags: Montgomery County (Maryland), Constellation Energy Group, Coventry Health Care Inc., Business Enterprises, Baltimore Hotels
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Constellation CEO pay increases 11 percent last year
Mayo A. Shattuck IlI -- who successfully engineered the sale of Constellation Energy Group to Chicago-based Exelon Corp. – took in $17.3 million in total compensation last year, a nearly 11 percent increase from 2010. Shattuck's base salary of $1.3...Tags: Constellation Energy Group, CEO Pay, Mayo A. Shattuck III
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Constellation's three coal plants to find new owner by year's end
While Constellation Energy Group has a new owner in Exelon Corp., 450 workers at three coal-fired plants once owned by the Baltimore company are in limbo.
As a condition of its purchase of Constellation last month, the Chicago energy giant has...Tags: Constellation Energy Group, Mergers, Acquisitions and Takeovers, Standards, U.S. Environmental Protection Agency, Environmental Pollution
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Exelon's first-quarter profit drops 70 percent
Exelon Corp. reported Friday a 70 percent drop in quarterly profit because of warmer-than-normal winter weather, lower power prices and costs related to its acquisition of Constellation Energy Group. The Chicago-based company earned $200 million, or 28...Tags: Restructuring and Recapitalization, Constellation Energy Group, Mergers, Acquisitions and Takeovers, Earnings, Martin O'Malley
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BGE $100 rate credit to show up in May bills
BGE's 1.1 million residential customers will get a nice surprise in their May bill: a $100 credit on their accounts. Baltimore Gas and Electric Co. announced Friday that most customers will receive the credit by the end of May. The ratepayer relief is...Tags: Constellation Energy Group, Mergers, Acquisitions and Takeovers, Energy Saving, Baltimore Gas and Electric Co., Companies and Corporations
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Constellation to be replaced on S&P 500 index
Constellation Energy Group, which is being sold to Chicago-based Exelon Corp., will be replaced on the S&P 500 index by a Houston wireless company. Exelon is acquiring Constellation in a $7.9 billion deal that is waiting for approval from the Federal...Tags: Constellation Energy Group, Crown Castle International Corporation
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Feds approve Constellation-Exelon merger
Constellation Energy Group and Exelon Corp. are expected to close their $7.9 billion merger Monday, after the deal cleared its final regulatory hurdle Friday.
The approval by the Federal Energy Regulatory Commission ends an almost yearlong effort to...Tags: Constellation Energy Group, Mergers, Acquisitions and Takeovers, Mayo A. Shattuck III, Martin O'Malley, Electricity Production and Distribution
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The Interview: Howard Miller
The Center Club is known as one of Baltimore's most exclusive private clubs, where executives, lawyers, doctors and other civic leaders socialize and conduct business.
But in 1962, when the club was founded, it had a simpler goal in mind: to provide an...Tags: Business Enterprises, Constellation Energy Group, Charity, Morgan State University, Business
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Inner Harbor deserves a world-class building
The Baltimore skyline is iconic: The National Aquarium's blue waves and the World Trade Center's five-sided building have been depicted in places as varied as Robert McClintock paintings and local body art. The Domino Sugar sign is — well, it's...
Tags: Chicago Tribune, Inner Harbor, Architecture, House Building, Companies and Corporations
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Md. regulators order Exelon to explain merger agreement violations
Maryland energy regulators have ordered Exelon Corp. to explain how the company "inadvertently" violated some conditions related to its merger with Baltimore's Constellation Energy Group. As part of Maryland Public Service Commission's approval for the...Tags: Constellation Energy Group, Mergers, Acquisitions and Takeovers, Marketing, Software Industry, Companies and Corporations
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The Interview: Calvin Butler Jr.
When the sale of Constellation Energy Group to Chicago-based Exelon Corp. was announced last April, Calvin G. Butler Jr. was in Baltimore, ready to build support and win over critics.
Butler, 42, Exelon's senior vice president of corporate affairs,...Tags: Restructuring and Recapitalization, Constellation Energy Group, Mergers, Acquisitions and Takeovers, Harbor East, Energy Saving
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