Constellation Energy Group News

Among the many advantages Constellation Energy's headquarters gives Baltimore - Fortune 500 cachet, hundreds of well-paid workers, millions in charity - is this: The building pays sticker price on property taxes - $745,000 a year.

City officials are finalizing a five-year deal with a new group to manage the Baltimore Grand Prix race and plan to announce the terms of the deal Wednesday, Mayor Stephanie Rawlings-Blake 's office said Friday.

Times like this, it's best to be direct: I owe NStar chief executive officer Tom May a sincere apology.

The owner of the former McCormick & Co. spice plant lot at Conway and Light streets will have to go back to the drawing board if he hopes to obtain Baltimore City tax breaks.

The dynamics of the decision by Exelon Corp. to build its $120 million Baltimore headquarters for Constellation Energy Group at Harbor Point instead in the core of the central business district illustrate the need for a comprehensive review of the city's policies for using publicly financed tax breaks to stimulate private development.

Although New Jersey's "Electric Discount and Energy Competition Act" took effect in 1999, the law was mostly ineffective until recently.

The old McCormick site and Baltimore City Community College 's Bard Building were among the top spots considered for Exelon Corp.

CEO John Rowe is joining the board of Northbrook-based insurance giant Allstate Corp.

Maryland's consumer advocate says Exelon's proposed $7.9 billion takeover of Constellation Energy is still not in the public's interest, despite the two companies' recent settlement with Gov.

First image: current headquarters, Constellation Energy, 750 E. Pratt Street. Source unknown.

A Buckeye school district celebrated the completion of a solar-energy project that will produce most of the district's electricity needs at a reduced cost and boost renewable-energy clout for the town.

CARPENTERSVILLE – School District 300 will host another round of discussions this week with a Baltimore-based natural gas and power supplier and two other school districts.

Exelon Corp. CEO John Rowe announced in April that he planned to retire after his career-capping deal to acquire rival Constellation Energy Group Inc.

Harbor Point is slated to be Constellation Energy Group Inc.'s new Baltimore headquarters.

"Our full year 2011 operating earnings were within our guidance range, as well as above our original expectations for the year," said John W. Rowe, Exelon's chairman and CEO.

On January 19, a new networking group, the Maryland Corporate Council , was launched at the Hotel Monaco in downtown Baltimore.

The owner of the former McCormick & Co. spice plant lot at Conway and Light streets is pursuing city tax breaks to lure a planned downtown headquarters of Constellation Energy Group Inc.

Exelon Corp. posted higher fourth-quarter earnings but revenue declined in a trend that could continue as long as natural gas and power prices remain historically low.Exelon, of Chicago, plans to purchase Baltimore-based Constellation Energy Group Inc.

Exelon Corporation announced fourth-quarter 2011 operating earnings of 82 cents per share compared with 96 cents per share in the year-ago quarter.

Baltimore, January 25, 2012 - Constellation Energy announced an agreement with PureSense Environmental, Inc.