February 13, 2012
It is becoming increasingly clear that the biggest threat to retail customer choice is not regulators, legislators, incumbent utilities, or consumer advocates, but rather the owners of formerly incumbent generating assets, who now seek to foreclose the retail market after successfully stopping the…
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January 26, 2012
Exelon's Generation unit, which includes competitive retail operations, reported lower adjusted earnings for the fourth quarter of 2011 of $359 million, versus $538 million a year ago.
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January 20, 2012
A settlement among Exelon, Constellation, and Gov. Martin O'Malley, which includes requirements for Exelon to build up to 300 MW of new in-state generation (see 12/12) , "adequately address all of the market power concerns," raised in prior PSC Staff testimony, Staff said in supplemental testimony…
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January 18, 2012
Allowing 50% of default service customers to participate in a retail opt-in auction, "may create unintended issues and challenges for the EDCs [electric distribution companies] and default service," the Pennsylvania Office of Consumer Advocate said in comments on a tentative PUC order concerning a…
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January 17, 2012
EDF Withdraws Opposition to Merger Under Agreement with Constellation-Exelon
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December 15, 2011
Exelon and Constellation Energy have reached a settlement with Gov. Martin O'Malley and the Maryland Energy Administration under which MEA is now supporting the applicants' merger before the PSC, and under which Exelon commits to build up to 300 MW of new in-state generation.
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December 14, 2011
Exelon and Constellation today announced the executive team that will run the Constellation business unit following the closing of the companies' planned merger.
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December 9, 2011
Usource Enters New Marketing Partnerships
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December 6, 2011
Additional mitigation of the Exelon-Constellation merger remains necessary beyond the initially offered divestitures, Maryland PSC Staff said in a post-hearing brief, while Exelon-Constellation simultaneously announced a commitment to build new generation in an amount which Staff suggested could…
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November 15, 2011
Exelon and Constellation now believe that FERC will take additional time to consider their pending merger application and proposed settlement with the PJM market monitor, the companies said in an SEC filing yesterday.
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October 31, 2011
Constellation's NewEnergy segment reported adjusted earnings of $46 million for the third quarter, reversing a year-ago loss of $14 million, on strong results from wholesale load serving contracts, and the absence of year-ago charges.
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October 27, 2011
Exelon's Generation unit, which includes the results from its competitive retail sales operations, posted higher adjusted earnings of $522 million for the third quarter, up from $499 million a year ago.
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October 27, 2011
During an earnings call yesterday, Exelon CEO John Rowe continued a victory lap on recent, yet unapproved, settlements at Duke Energy Ohio and AEP Ohio that would require both utilities to begin procuring 100% of capacity for customers through the Reliability Pricing Model in 2015.
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October 18, 2011
Fresh off scoring a victory which will needlessly add millions to retail electric rates, generators are now seeking to lighten their own credit burden under FERC's RTO credit "reform" order (ER11-3972 et. al.).
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October 14, 2011
updated 1:35 p.m. with statement from Chairman Powelson
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October 13, 2011
NRG Energy has asked the Maryland PSC to remove the geographic limitation in the PSC's current RFP for 1,500 MW of new gas-fired capacity.
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October 13, 2011
Exelon and Constellation Energy rejected several conditions sought by intervenors in their merger proceeding before the Maryland PSC, including proposed requirements that the merged company's Maryland sales be subject to a higher in-state renewable energy obligation, and proposals to limit the…
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October 13, 2011
NRG Energy intends to launch its third electric vehicle charging network and ecosystem in the Baltimore, Washington, D.C., and Northern Virginia corridor, it disclosed in rebuttal testimony at the Maryland PSC concerning Constellation Energy's proposed merger with Exelon (9271).
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October 12, 2011
Constellation Energy and Exelon have agreed, under a settlement with the PJM independent market monitor, to not sell three units to be divested as part of their planned merger to competitors previously identified as owning three percent or more of the installed capacity in the overall PJM market, in…
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October 3, 2011
Exelon Corporation announced its acquisition of Antelope Valley Solar Ranch One, a 230-megawatt (MW) solar photovoltaic (PV) project under development in northern Los Angeles County, Calif., from First Solar, which developed and will build, operate, and maintain the project.
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September 26, 2011
The Maryland PSC should, "ensure that as much retail load as possible it covered by fixed-price forward contract obligations signed far in advance of delivery (at least two years)," to mitigate market power impacts from the Constellation-Exelon merger, the Maryland Energy Administration said in…
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September 22, 2011
Exelon and Calpine have submitted to ERCOT Nodal Protocol Revision Request 416, Removal of the Reliability Unit Commitment (RUC) Clawback Charge for Resources Other than Reliability Must-Run Units.
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September 21, 2011
Constellation Energy sees the potential fallout from this summer's extreme heat in ERCOT, particularly on less capitalized REPs, as favorable for market consolidation and margin expansion, Senior Vice President and CFO Jonathan Thayer said at a Bank of America Merrill Lynch investor conference…
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September 20, 2011
Interstate Gas Supply asked the Maryland PSC to condition the merger of Constellation Energy and Exelon on improvements to the design and operation of the retail gas market at Baltimore Gas & Electric.
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September 20, 2011
Dominion Retail and IGS Energy have separately raised objections to a working group's recommendation to use extensible markup language (XML) for uniform electronic transactions (UETs) in the Maryland retail gas market.
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