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BUSINESS
February 7, 2008 | From Times Wire Services
Calpine Corp. said it sold a partially completed power plant to Constellation Energy Group Inc. for $155 million. The plant, called the Hillabee Project, is located near Alexander City, Ala., said San Jose-based Calpine.
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BUSINESS
April 28, 2011 | By Hanah Cho
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.
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BUSINESS
December 20, 2005 | From Associated Press
FPL Group Inc.'s purchase of Constellation Energy Group Inc. in an $11-billion stock deal announced Monday would create one of the nation's largest energy companies and give Constellation additional power to sell through its growing energy trading business. Juno Beach, Fla.-based FPL Group, with operations nationwide, derives most of its revenue from its utility subsidiary, Florida Power & Light. Constellation Energy, based in Baltimore, operates Baltimore Gas and Electric Co.
BUSINESS
September 19, 2008 | From the Associated Press
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.
BUSINESS
April 5, 2001 | NANCY RIVERA BROOKS
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.
BUSINESS
September 19, 2008 | From the Associated Press
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.
BUSINESS
April 28, 2011 | By Hanah Cho
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.
BUSINESS
September 25, 2007 | From the Associated Press
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.
BUSINESS
October 27, 2005 | From Bloomberg News
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.
BUSINESS
June 20, 2006 | From Bloomberg News
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.
BUSINESS
February 7, 2008 | From Times Wire Services
Calpine Corp. said it sold a partially completed power plant to Constellation Energy Group Inc. for $155 million. The plant, called the Hillabee Project, is located near Alexander City, Ala., said San Jose-based Calpine.
BUSINESS
December 20, 2005 | From Associated Press
FPL Group Inc.'s purchase of Constellation Energy Group Inc. in an $11-billion stock deal announced Monday would create one of the nation's largest energy companies and give Constellation additional power to sell through its growing energy trading business. Juno Beach, Fla.-based FPL Group, with operations nationwide, derives most of its revenue from its utility subsidiary, Florida Power & Light. Constellation Energy, based in Baltimore, operates Baltimore Gas and Electric Co.
BUSINESS
April 5, 2001 | NANCY RIVERA BROOKS
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.
BUSINESS
April 1, 2004 | From Reuters
Two separate groups of companies have formed recently with an eye toward applying for licenses that could allow the first new U.S. nuclear power plant to be built in more than 25 years. The two consortiums intend to work with the Department of Energy to test a new process from the Nuclear Regulatory Commission for obtaining a license for an advanced nuclear power reactor. There is no plan at this time to build a new nuclear reactor, members of both groups emphasized.
BUSINESS
September 27, 2001 | From Bloomberg News
Reliant Resources Inc. is near an agreement to buy Orion Power Holdings Inc. for $2.9 billion in cash plus the assumption of debt, people familiar with the companies said. An agreement between the two power-plant developers will be announced this morning if talks proceed as planned, the sources said. The transaction was first reported by Dow Jones News Service and the Wall Street Journal Online edition, which valued the purchase price at $26.80 a share. Reliant Resources shares have fallen 8.
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