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Constellation Energy Group Inc. (CEG) is in the Energy Industry

Revenue
Dec 31 2007
$21.1B
Profit
Dec 31 2007
$821.5M
Market Cap
Jul 23 2008
$13.9B

Latest News and Analysis

Additional Resources

  • PharmAthene Appoints Jordan P. Karp, J.D. Senior Vice President and General Counsel

    ANNAPOLIS, Md., July 10 /PRNewswire-FirstCall/ -- PharmAthene, Inc. a biodefense company specializing in the development and commercialization of medical countermeasures against chemical and biological threats, announced today that Jordan P. Karp, J.D., has been appointed Senior Vice President & General Counsel, overseeing all legal and human resources matters...

    Articles 2008-07-10

  • The Daily Record News Summaries: July 1, 2008

    Legg to protect 3 funds Legg Mason Inc. said it entered agreements to protect three money- market funds against potential losses that will cut earnings in the three months ended today by 64 cents a diluted share. The Baltimore- based money manager said it will provide as...

    Articles 2008-07-01

  • Fitch Expects to rate Baltimore Gas & Electric Company's Bonds 'A-'; Outlook Stable

    CHICAGO & NEW YORK -- Fitch expects to assign an 'A-' rating to Baltimore Gas & Electric Company's (BGE, Issuer Default Rating IDR 'BBB+') issuance of senior unsecured notes. The Rating Outlook is Stable. Proceeds will be used for general corporate purposes. On April 8, 2008, Fitch affirmed...

    Articles 2008-06-23

  • The Daily Record News Summaries: June 11, 2008

    Constellation to restart plant Constellation Energy Group Inc., the biggest U.S. electricity marketer, said it's restarting a Baltimore power plant that's been idle for five years to help meet growing energy demand in the mid- Atlantic region. The natural gas-fueled Gould Street Power Plant, which can generate...

    Articles 2008-06-11

  • UniStar mulls reactor choice

    UniStar Nuclear Energy, of Baltimore, a joint venture between Baltimore-based Constellation Energy Group and European electricity producer EDF Group, said it plans to decide by the end of the year whether to proceed with early site work for a third reactor next to Constellation Energy's Calvert Cliffs Nuclear Plant in...

    Articles 2008-06-06

  • News Summary - 5/30

    PSC approves BGE rebate plan The Maryland Public Service Commission has approved a plan by Baltimore Gas and Electric Co. to distribute rebates owed to customers under a recent agreement with the state. The rebates will cost $187 million. Under the plan, residential customers receiving service from...

    Articles 2008-05-30

  • Maryland Public Service Commission approves BGE rebate plan

    The Maryland Public Service Commission has approved a plan by Baltimore Gas and Electric Co. to distribute rebates owed to customers under a recent agreement with the state. The rebates will cost $187 million. Under the plan, residential customers receiving service from BGE on Aug. 29 will receive a $170...

    Articles 2008-05-30

  • Iberdrola Renovables sells Utah power plant for $87.5M

    Iberdrola Renovables SA, a unit of Spanish utility Iberdrola SA, has sold a gas-fed power plant near Salt Lake City to Constellation Energy Group Inc. for $87.5 million. The power plant has an installed capacity of 200 megawatts, enough to power 160,000 U.S. homes, the Madrid-based company...

    Articles 2008-05-20

  • Constellation Energy Group Inc. of Baltimore to sell subsidiary

    Constellation Energy Group Inc., of Baltimore, the nation's biggest competitive supplier of electricity to large commercial and industrial customers as well as the largest wholesale power seller, said it intends to sell its Fellon-McCord & Associates subsidiary, an energy consulting and management company, to co-founder Andrew R. "Drew" Fellon. Financial...

    Articles 2008-05-16

  • Week in Review

    Constellation's net falls Constellation Energy Group Inc., the biggest U.S. power marketer, said first-quarter profit fell 26 percent as sales declined and fuel costs rose. Net income dropped to $145.7 million, or 81 cents a share, from $195.7 million, or $1.07 per share, a year earlier, Baltimore-based...

    Articles 2008-05-02

  • Gov. O'Malley signs Constellation settlement

    Gov. Martin O'Malley took a major step toward finalizing an agreement with Constellation Energy Group Inc. Thursday by signing a law that settles dueling lawsuits between the state and the company. O'Malley called the agreement "the first good news consumers have had in a long time on...

    Articles 2008-04-25

  • Plans for New Power Generation in New York Could Increase Capacity by 31%, an Industrial Info News Alert

    Researched by Industrial Info Resources(Sugar Land, Texas) -- Developers are proposing more than 12,500 megawattsMW of new generation in New York. If these projects come to fruition, thestate's generation capacity could increase by 31%, bringing capacity upfrom about 44,400 MW to about 52,900 MW. NRG Energy Incorporated (NYSE:NRG)plans to install...

    Articles 2008-04-23

  • 2008 Legislative Wrap-up: Constellation deal wins Maryland Assembly

    In the final hours of the legislative session, lawmakers approved a settlement that won Baltimore Gas & Electric Co. ratepayers one- time rebates of $170 and avoided further litigation between the utility's parent company and Maryland. The agreement nearly died when the Senate tacked on an amendment...

    Articles 2008-04-11

  • Either a $6M pay cut or $800K raise for Maryland's Constellation

    According to a filing made with the Securities and Exchange Commission, the CEO of Baltimore's only Fortune 500 company took a $6 million pay cut in 2007. But Constellation Energy Group Inc. says that CEO Mayo A. Shattuck III actually got an $800,000 raise for the year....

    Articles 2008-04-11

  • Fitch Affirms Constellation Energy & Baltimore Gas & Electric on Maryland Settlement

    NEW YORK -- Fitch Ratings has affirmed the Issuer Default Rating IDR and other ratings of Constellation Energy Group, Inc. (CEG; 'BBB+') and Baltimore Gas and Electric Company (BGE; 'BBB+') and removed the ratings from Rating Watch Negative, upon the passage of legislation by the Maryland General Assembly approving the...

    Articles 2008-04-08

  • Constellation Energy Group of Baltimore makes the list

    Constellation Energy Group, of Baltimore, the nation's largest competitive supplier of electricity to large commercial and industrial customers as well as the largest wholesale power seller in the U.S., said it has been named to the BusinessWeek 50 annual ranking of the best-performing companies for the second consecutive year. Constellation...

    Articles 2008-04-08

  • Unemployment bill is caught in logjam in Maryland House

    With the 2008 legislative session moving inexorably toward Monday's midnight adjournment, the clock seemed to have run out on a proposal to allow workers to collect unemployment benefits if they are looking for part-time jobs. A similar bill passed the Senate weeks ago, but the House Economic...

    Articles 2008-04-08

  • Incorporated: 1906
  • CEO: Mr. Mayo A. Shattuck III

Constellation Energy is an energy company that manages its operations primarily through its merchant energy business and Baltimore Gas and Electric Company (BGE). Co.'s merchant energy business is a competitive provider of energy services, with facilities located throughout the U.S. and covering a variety of customers. BGE is a regulated electric transmission and distribution utility company and also a regulated gas distribution utility company with a service territory that covers the City of Baltimore and all or part of ten counties in central Maryland.

Key Competitors

Constellation Energy Group Inc. Company Info

Board of Directors

Mr. Mayo A. Shattuck III

Chairman

Mr. Robert J. Lawless

Ms. Lynn M. Martin

Mr. John L. Skolds

Mr. Michael D. Sullivan

Ms. Ann C. Berzin

Mr. Thomas V. Brooks

Vice-Chairman

Mr. Yves C. de Balmann

Mr. Douglas L. Becker

Mr. James T. Brady

Mr. Edward A. Crooke

Mr. James R. Curtiss

Dr. Freeman A. Hrabowski III

Ms. Nancy Lampton

Contact Information

750 E. Pratt Street

Baltimore, MD

http://www.constellationenergy.com

410 783-2800

NAICS Code

Other Electric Power Generation: 221119