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Sun coverage: Constellation, Exelon merger

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.

  • Mergers
Constellation reports 4Q loss

Constellation Energy Group, which is selling itself to Exelon Corp., reported Friday a loss in the fourth quarter in what is expected to be the energy giant's last earnings release as a publicly traded Baltimore company.

  • Mergers
Maryland PSC approves Constellation sale to Exelon

Maryland energy regulators approved Constellation Energy Group's sale to Chicago-based Exelon Corp. Friday, but directed the companies to create a $113.5 million fund for customers of Baltimore Gas and Electric that would provide energy efficiency and low-income assistance and to meet other conditions.

  • Mergers
State energy regulators to decide on Constellation merger

Maryland energy regulators are expected Friday to issue a decision on the proposed sale of Constellation Energy Group to Chicago-based Exelon Corp.

Exelon lays out plans for new Baltimore headquarters

Exelon, developer discuss plans for new Baltimore headquarters at Harbor Point.

Exelon picks Harbor Point for future headquarters

Harbor Point, a development project led by bakery magnate and developer John Paterakis Sr., has been selected as the site of the new headquarters for the combined Constellation-Exelon company if the proposed merger is completed, the two energy giants announced Wednesday.

New energy firm headquarters could alter city skyline

Plans to build a Baltimore headquarters for newly combined energy company could change the city's skyline.

  • Crime
Constellation, Exelon settle with Justice Department

Proposed energy merger clears a regulatory hurdle.

O'Malley: Benefits of Exelon-CEG merger go beyond rate credit

Gov. Martin O'Malley said that BGE customers would benefit more from the creation of new power in Maryland than the immediate $100 rate credit if the proposed merger between Constellation and Exelon approved.

Exelon boss wants merger badly, and he's paying for it

Jay Hancock: Maryland has been waiting for energy companies to build new generation capacity without getting ratepayers to foot the bill. Only when a $7.9 billion merger and a retiring executive's legacy were at stake did the commitments finally get made.

Governor gets concessions in Exelon deal

In a settlement with Gov. Martin O'Malley, Exelon Corp. promised to develop significantly more natural gas, wind and solar power in Maryland, contribute more money to help low-income electricity customers and provide more protection for Baltimore Gas and Electric.

The merger's green lining

A major investment in Maryland-based renewable energy stands to be extracted from the proposed merger of Constellation and Exelon

Marbella: Constellation and Occupy Baltimore, a tale of our times

As the Occupy movement protests corporate culpability in the recession and unemployment crises, the merger of Constellation Energy and Exelon Corp. provides some fodder.

  • Mergers
Two state senators recommend spinoff of BGE

Two Maryland senators called on state energy regulators Thursday to order the spinoff of Baltimore Gas and Electric as an independent, publicly traded company as a condition of approving the merger between BGE's parent Constellation Energy Group and Chicago-based Exelon Corp.

Exelon executive: 600 positions identified for cuts under merger

Exelon COO Christopher M. Crane said Wednesday that some 600 corporate positions would be eliminated under a Constellation-Exelon merger.

  • Mergers
Constellation, Exelon chiefs testify before PSC

Constellation Energy Group CEO Mayo A. Shattuck III defends the Baltimore company's plans to sell itself to Chicago-based Exelon Corp. before Maryland energy regulators.

  • Mergers
Exelon's Philadelphia utility fulfills promises to customers, regulators

  • Mergers
Constellation merger hearings to take longer than expected

Maryland energy regulators have added at least two more days to review Constellation Energy Group's plans to sell itself to Chicago-based Exelon Corp.

  • Mergers
State suggesting sweeteners to Constellation-Exelon deal

As Constellation Energy Group prepares to sell itself to Chicago-based Exelon, critics are advancing proposals to make the deal more palatable to Maryland customers.

  • Mergers
O'Malley administration: Commission should reject Constellation-Exelon deal

  • Mergers
Critic of Constellation deal wants $810 million in incentives

A critic of Constellation Energy Group's proposed merger with Chicago-based Exelon Corp. wants the two companies to provide $810 million in incentives to Maryland ratepayers and other stakeholders as part of their deal.

Customers protest fund switch by Constellation suitor Exelon

Jay Hancock: Exelon, which seeks approval to buy Baltimore-based Constellation Energy, shows it can play the deregulated energy game just as well as Constellation ever did.

  • Mergers
Shattuck: Constellation enjoying 'quiet summer' before merger review begins

Constellation Energy has taken a very different approach to its proposed acquisition by Chicago-based Exelon Corp. than it has for past offers, according to president and CEO Mayo A. Shattuck III.

  • Mergers
Md. ratepayer advocate protests Constellation-Exelon merger

Maryland's ratepayer advocate is objecting to Exelon Corp.'s proposed buyout of Constellation Energy Group, telling federal regulators that the combined company would have too much control of electricity prices on the grid that serves much of the Mid-Atlantic region.

Lost 'Fortune'

The announcement this week that Chicago-based Exelon Corp. has struck a deal to take over Constellation came as something of a psychic blow. If the $7.9 billion deal is approved, and the parent of local utility BGE is absorbed , then Baltimore will lose its sole remaining Fortune 500 headquarters.

This time, Constellation takeover will go through

Jay Hancock: Maryland's Public Service Commission must make triply sure that the sale of Constellation Energy to Exelon Corp. doesn't put Baltimore Gas & Electric at risk.

Exelon deal bad for Baltimore despite jobs claim

Jay Hancock: Concessions for Maryland and Baltimore can't disguise the fact that the city is losing another Fortune 500 corporate headquarters.

  • Mergers
Constellation reportedly takeover target of Chicago power company

Stock price may push Shattuck to sell Constellation to Exelon

Jay Hancock: I don't see how Constellation boss Mayo Shattuck can raise the company's stock price without selling it.

Constellation CEO's total compensation up 44%

Constellation Energy Group Inc. reported Friday that Chief Executive Mayo A. Shattuck III's total compensation in 2010 was $15.7 million, a 44 percent increase from a year earlier because of an increase in pension value and deferred earnings the company attributed to an accounting change.

BGE electric supply rates continue to decline

Customers of Baltimore Gas and Electric Co. will pay about 11 percent less starting in June.

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