Under the microscope

Under the microscope

There are 4 comments on the Baltimore Sun story from Oct 30, 2008, titled Under the microscope. In it, Baltimore Sun reports that:

Maryland's top energy regulator vowed a thorough review of the sale of Constellation Energy Group as state lawmakers grilled the company's executives about its management and the terms of a deal it struck to ...

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MikeA

Glen Burnie, MD

#1 Oct 30, 2008
Mayo III needs to be grilled over an open flame. (to hell with EPA this time)
A concerned senior

Baltimore, MD

#3 Oct 30, 2008
Here we go again, The PSC is now going to spend 2.5 million on consultants to check out this deal. Mr O'malley, you can make some new personnel cuts right here. If we need consultants, we don't need the PSC high priced employees.

Nazarian says he doesn't want to signal the outcome of the review, then why talk about it? Does he already know what the consultants will recommend?
Norris

Rosedale, MD

#4 Oct 30, 2008
When all else fails, investigate it to death. By doing so, the money trail will be convoluted and no one will know what's going on. Concerned Senior is absolutely right about hiring high priced consultants. This is just another admission that the PSC people are not competent in their area of responsibility. I'm another concerned senior as well.
exbge

Bel Air, MD

#5 Oct 30, 2008
I'm voting my ceg shares "NO" to the sale unless they write in a no pay out claus to the idiot mgnt team and it's slimy CEO.

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