April 5, 2001 |
Baltimore-based Constellation Energy Group will break ground today on a 750-megawatt power plant in Victorville, the first major electricity plant to be built in Southern California in more than a decade. The $450-million generating plant, called the High Desert Power Project, will produce enough power to serve nearly 600,000 homes when it is completed in July 2003.
September 19, 2008 |
Warren E. Buffett's Berkshire Hathaway Inc. is reaching into its deep pockets to help Constellation Energy Group Inc. and at the same time grab a bargain. Berkshire's MidAmerican Energy Holdings Co. said Thursday that it would buy Constellation for $4.7 billion and give it an immediate $1-billion infusion. Shares of Constellation, the nation's largest wholesale power seller, had plummeted in recent days, and liquidity concerns had analysts worried that it would go out of business.
April 28, 2011 |
Constellation Energy Group Inc. has agreed to sell itself to Exelon Corp. in a $7.9-billion stock deal that would create the largest energy provider in the United States. The deal announced Thursday comes less than three years after Constellation narrowly averted bankruptcy and represents the Baltimore company's third attempt to sell itself since 2006. Chicago-based Exelon will have controlling interest in the combined company, if the deal is approved by shareholders and regulators.
October 27, 2005 |
Duke Energy Corp., one of the largest U.S. utility owners, said Wednesday that it was preparing a license application to build two nuclear reactors at a total cost of as much as $6 billion. The pair of 1,100-megawatt reactors would begin service in 2015, said Rita Sipe, a spokeswoman for the Charlotte, N.C.-based company. Duke won't decide whether to build the plants until the U.S. Nuclear Regulatory Commission acts on the application, probably by 2010, she said.
September 25, 2007 |
washington -- Power producer NRG Energy Inc. will submit the first application for a new nuclear reactor in the U.S. in nearly 30 years, the company's chief executive said Monday. Nuclear regulators expect this morning to receive NRG's application for two new units at its facility in Bay City, Texas, about 90 miles southwest of Houston.
June 20, 2006 |
California voters can use the state's initiative process to enact laws that would expand the authority of state energy regulators to control electricity generators, the California Supreme Court ruled Monday. The state Constitution doesn't preclude voters from giving additional authority to the California Public Utilities Commission, the court said in ruling against an energy trade organization that had contended that only the state Legislature could expand the regulatory agency's power.