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A collection of news and information related to Constellation Energy Group published by this site and its partners.
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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: Coventry Health Care Inc., Johns Hopkins University, Baltimore Hotels, Marriott International Inc., Anirban Basu
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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: Martin O'Malley, Earnings, Harbor, Baltimore Gas and Electric Co., Mergers, Acquisitions and Takeovers
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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: CEO Pay, Exelon Corp., 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: Travis Miller, Anne Arundel County, Electricity Production and Distribution, Beaches, Finance
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IndyCar Series seeking new group for Baltimore Grand Prix
Just four months before high-speed cars are scheduled to race through downtown streets, the IndyCar Series is seeking a new team to take over the Baltimore Grand Prix.
IndyCar CEO Randy Bernard said Monday that leaders of the racing series "are currently...Tags: Auto Racing, William H. Cole IV, Services and Shopping, Government, Public Officials
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Baltimore Grand Prix group in turmoil
IndyCar executives met with Baltimore officials Monday to discuss the future of the company planning the city's Grand Prix — and whether the leader of the group should depart. Downforce Racing LLC, which took over the troubled event earlier this...
Tags: Auto Racing, Facebook, William H. Cole IV, Goldman Sachs, Chicago
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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: Software Industry, Mergers, Acquisitions and Takeovers, Marketing, Exelon Corp., Companies and Corporations
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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: Baltimore Gas and Electric Co., Mergers, Acquisitions and Takeovers, Exelon Corp., Energy Saving, Environmental Issues
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Consolidation wave poised to hit state's health care services, biopharma sectors
Like a one-two punch, two major Maryland employers in the health care service and pharmaceutical industries were the targets last week of multibillion-dollar acquisition deals. Both homegrown companies — Human Genome Sciences Inc. and Catalyst...Tags: Pharmaceuticals, GlaxoSmithKline PLC, Layoffs and Downsizing, Express Scripts Incorporated, Human Genome Sciences Inc.
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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: Mergers, Acquisitions and Takeovers, Harbor, Exelon Corp., Energy Saving, Restructuring and Recapitalization
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Constellation $245M settlement for trading is largest ever
The $245 million settlement that Baltimore's Constellation Energy Group agreed to pay is the largest of its kind to resolve allegations of market manipulation with the Federal Energy Regulatory Commission. Details of the settlement emerged Monday, the...Tags: Prices, Stock Market, Government, Philadelphia (Philadelphia, Pennsylvania), Marketing
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Grand Prix organizer misses several benchmarks
Downforce Racing, the new operator of the Baltimore Grand Prix, missed three of the five benchmarks that it agreed to have complete by March 15 under its contract with the city, a spokesman for the mayor said. The race organizer and Mayor Stephanie...Tags: Auto Racing, Maryland Stadium Authority, Oriole Park at Camden Yards, Open-Wheel Racing, Baltimore Grand Prix
May 7, 2012
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May 4, 2012
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Apr 27, 2012
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Apr 27, 2012
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Apr 30, 2012
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Apr 16, 2012
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Apr 13, 2012
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Apr 20, 2012
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Apr 21, 2012
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Apr 14, 2012
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Mar 12, 2012
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Mar 15, 2012
|Story| Baltimore Sun
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