Energy stakeholders deserve better deal

Energy stakeholders deserve better deal

There are 5 comments on the Baltimore Sun story from Sep 28, 2008, titled Energy stakeholders deserve better deal. In it, Baltimore Sun reports that:

Bravo to state senators E.J. Pipkin and Jim Rosapepe for speaking out on the "fire sale" of Constellation Energy Group .

Join the discussion below, or Read more at Baltimore Sun.

Jack Noppinger

Sterling Heights, MI

#1 Sep 28, 2008
As a stockholder since the 60's, and one whose parents were/are stockholders since probably the 50's, I could hardly agree more. It seems that everyone, except the CEO and Buffett, are BIG loosers.
Izzy

Ellicott City, MD

#2 Sep 28, 2008
The was deal awhile ago with Florida Power and Light for a lot more money, but that deal fell through because Martin O'Malley had a problem with it. Thanks regulation!
afmca

Severna Park, MD

#3 Sep 28, 2008
Izzy .. your Republican kool-aid is ready. Try to show more intelligence next time with your comments. The FPL deal was opposed by much more than Mayor O'Malley. FPL was buying Constellation for the same risky business ventures that caused Constellation to bankrupt itself. It cared not for the power generation. Shattuck would have reaped his bonus quicker, but Buffett would have still bought the failed FPL/Constellation conglomerate. It was inevitable.
Truthwill Setufree

Abingdon, MD

#4 Sep 28, 2008
afmca writes as if he knows what the FPL deal was all about. He has no idea. Without trying to counter his limited knowledge in this forum, its best to ignore the idiot. If you really want to know go to the SEC filings and read them. I have.
rosco

New Orleans, LA

#5 Sep 29, 2008
How does MidAmerican's purchase harm the rate payers / customers of Constellation? It seems that a stable parent with cash to invest and the lowest borrowing costs in the industry would greatly benefit the customers of Baltimore's utility. CEG shareholders lose some of their investment, but they really weren't keeping a very close eye on their Board of Directors, either. That's life in the stock market, you accept that risk and you picked that security to risk your investment on. Would you rather have a higher priced buyout from Private Equity with borrowed funds and higher cost structure passed through to ratepayers???

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