Maryland hasn't had a new power plant of any significance built in over a decade — one reason it imports more electricity than almost any other state, racking up extra charges for consumers. But now new plants are coming.
Continuing the Obama administration's push to launch a U.S. offshore wind industry, federal officials announced Wednesday that they'll auction off the rights next month to build turbines off Maryland's coast.
Silicon Valley software giant Oracle Corp. announced a deal Monday to buy Micros Systems for $5.3 billion, eyeing the Columbia firm for its niche supplying technology to hotels, restaurants and retailers around the world.
Kenneth W. DeFontes Jr. will retire as Baltimore Gas and Electric Co.'s president and CEO at the end of the month, after nearly a decade at the helm of Maryland's largest gas and electric utility provider.
T. Rowe Price, which has been a fixture in downtown Baltimore since its founding 76 years ago, is considering moving its headquarters once its current lease expires in 2017, the company said Wednesday.
Exelon gave about $7 million to Maryland charitable causes in the 12 months since it acquired Baltimore's Constellation Energy Group, the same as Constellation had in recent years. That was the deal — literally.
Mayo A. Shattuck III, who helped sell two Baltimore institutions to out-of-state concerns and ran the region's energy firm for a volatile decade, has retired from the parent company of Baltimore Gas and Electric Co.
The CEO pay disclosed this year by the 20 largest publicly traded companies in the Baltimore region offers plenty of fodder — as it does every year — to steam the ranks of workers with paychecks that barely budge.
The melody of the president's voice, the intensity of his movements gripped Jeremy Brickey's attention, cutting through the monotony of freshman orientation at the University of Maryland, Baltimore County.
Federal regulators on Thursday denied a license to the French-controlled operator of a proposed third nuclear reactor at the Calvert Cliffs nuclear power plant in Southern Maryland, giving the company 60 days to find a U.S. partner before terminating proceedings on the project entirely.
In an unexpected move, the city's historical preservation commission on Tuesday took a small step toward removing the Morris A. Mechanic Theatre from a list that provides the property limited protection from demolition.
Environmentalists paddled kayaks along Dundee Creek Saturday to call attention to the recent sale of three local coal-fired power plants they say should be shut down for polluting the air. Jan Hoffmaster of Millersville, the outings chairman for the Maryland chapter of the Sierra Club, told a team of the organization's volunteers they were on a three-part mission: "Enjoy, explore and protect."
The state outlined Friday how it proposes to spend the $113.5 million that Exelon Corp. agreed to put in a "customer investment fund" as part of its merger with Baltimore Gas and Electric Co.'s parent.
Baltimore Gas and Electric Co. plans to submit a case to Maryland regulators by the end of the year that would allow it to raise its electric and naturak gas distribution rates, Chicago-based Exelon Corp., the utility's new owner, said Thursday.
Chicago-based Exelon Corp. reported Friday a 70 percent drop in quarterly profit due to warmer-than-normal winter weather, lower power prices and costs related to the acquisition of Constellation Energy Group.
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.
Human Genome ultimately rebuffed a $2.6 billion offer by biopharmaceutical giant GlaxoSmithKline Plc, saying it was too low – though it has put itself on the market. Catalyst agreed to be acquired by a larger Illinois competitor for $4.4 billion.
Constellation Energy Group, Baltimore's last Fortune 500 company, also settled a federal investigation into market manipulation as Chicago-based Exelon Corp. closed its $7.9 billion takeover on Monday.