Shares of BGE parent fall 16%

Full story: Baltimore Sun

Shares of Constellation Energy Group fell 16 percent yesterday - the largest one-day drop in seven years - after one analyst questioned the company's accounting and another raised concerns about the effects of ...

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Zippster

AOL

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#1
Aug 13, 2008
 
Another rate increase is in the offing. Get the rubber stamp ready.
Keep Trying

Costa Mesa, CA

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#3
Aug 13, 2008
 
flyingcow wrote:
Deregulation of electricity--
Another BRILLIANT
government decision....
Regulation IS government interference. Deregulation with no competition (since there was no incentive BECAUSE of regulation) is not good for the consumer.
Surf52

Baltimore, MD

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#4
Aug 13, 2008
 
So let me get this straight; When our rates were unfaily "capped", Constellation stock did just fine. Now that they can rape us at will, they can't seem to satisfy Wall Street.

I think BGE and Constellation have already invested in wind power. And it's an ill wind that blows from the cesspool.
Unbelievable

Baltimore, MD

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#5
Aug 13, 2008
 
This entire fiasco started when Maryland lawmakers had no idea what they were doing back in the 90's. We now have a crazy quilt that is coming apart at the seams and no one knows how to sew it back together. I'll add that Martin O'Malley was a huge player in today's problem. He didn't know enough about business but knew enough to get his sorry arse elected.
Richard H

Owings Mills, MD

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#6
Aug 13, 2008
 
Not only do we have higher electric rates courtesy of Mike stone face Miller, Cap Taylor, Paris Spending, Busch Whacked and last but not least Martin O'liar. We could potentially be buying from a company the may go Junk status. Let me guess in order to get the credit rating straight your going to have to raise rates again.

What a joke!! Pitifull
Ex-Baltimoron

Columbus, OH

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#8
Aug 13, 2008
 
Richard H wrote:
Not only do we have higher electric rates courtesy of Mike stone face Miller, Cap Taylor, Paris Spending, Busch Whacked and last but not least Martin O'liar. We could potentially be buying from a company the may go Junk status. Let me guess in order to get the credit rating straight your going to have to raise rates again.
What a joke!! Pitifull
But Golden Boy Ehrlich is completely innocent, right? I mean, he would *never* do something as dastardly as allow his wife to accept a no show job at a utility company in exchange for ensuring that competition was squashed, right?*cough*COMCAST*cough*

*looks at last months Gas and Electric bill which was $146*

*Laughs at his former home*

Life is so much better living in a place where politicians and big business don't team up to rape and pillage every single citizen.

Constellation, and to a larger degree the people of Baltimore, are getting exactly what they asked for-like the short-sighted guy I quoted. Enjoy the crash, folks.
Keep Trying

Costa Mesa, CA

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#9
Aug 13, 2008
 
flyingcow wrote:
<quoted text>
Yo, Keep Trying:
SARCASM ALERT!!!!!!!!!
I know you are being sarcastic, but the regulation in the first place was the first "brilliant" decision. In any event I'm sure we both agree the government would be better off keeping their hands out of business. If they did we might actually have a legitmate choice of power providers and the prices would be competitive.
Richard H

Owings Mills, MD

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#10
Aug 13, 2008
 
Ex-Baltimoron wrote:
<quoted text>
But Golden Boy Ehrlich is completely innocent, right? I mean, he would *never* do something as dastardly as allow his wife to accept a no show job at a utility company in exchange for ensuring that competition was squashed, right?*cough*COMCAST*cough*
*looks at last months Gas and Electric bill which was $146*
*Laughs at his former home*
Life is so much better living in a place where politicians and big business don't team up to rape and pillage every single citizen.
Constellation, and to a larger degree the people of Baltimore, are getting exactly what they asked for-like the short-sighted guy I quoted. Enjoy the crash, folks.
You must have been gone for a long time Baltimoron. Let me bring you up to date. Erhlich inherited the crap that Annapolis Democrats have been peddling for quite sometime now. There has been no competition as promised . Erhlich had a settlement in place that was much better than what O'liar and his minions got for the citizens of maryland. Not to mention the extra millions in payroll spent for out of session tax increases. Look I don't mind debating, but you need to get your facts straight. No wonder why your not paying as much. Ohio is one of those rust states thats going through a difficult time. I think your time would be better spent figuring out how to make your new home better. Instead coming in to maryland with clueless facts EX BALTIMORON
Joe

Baltimore, MD

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#11
Aug 13, 2008
 
I think it's funny when liberals complain about high electricity bills. If they're concerned about the environment, then they should want us to use less electricity. The best way to ensure that we use less electricity is to make electricity more expensive. That's the same reason why carbon taxes and cap-and-trade systems are popular. They make using fossil fuels more expensive.

The laws of supply and demand are so simple. We need more economics courses in our schools.
Keep Trying

Costa Mesa, CA

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#12
Aug 13, 2008
 
Ex-Baltimoron wrote:
<quoted text>
But Golden Boy Ehrlich is completely innocent, right? I mean, he would *never* do something as dastardly as allow his wife to accept a no show job at a utility company in exchange for ensuring that competition was squashed, right?*cough*COMCAST*cough*
*looks at last months Gas and Electric bill which was $146*
*Laughs at his former home*
Life is so much better living in a place where politicians and big business don't team up to rape and pillage every single citizen.
Constellation, and to a larger degree the people of Baltimore, are getting exactly what they asked for-like the short-sighted guy I quoted. Enjoy the crash, folks.
You are an Ex-Baltomoron but you continue to be a GIANT MORON! If you think this issue was Ehrlichs fault you are as dumb as the millions that voted for O'Malley!
Dave

Ellicott City, MD

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#13
Aug 13, 2008
 
Ex-Baltimoron .... what an appropriate name. Yes, blame Erhlich (you forgot Pres. Bush and VP Cheney) for the problem. Don't blame the Democratic GA in 1999 and Governor Glenndenning ... after all they left Erhlich with a large surplus. Naw, they left in a very large deficit. You are obviously an O'Malley admirer so we can't blame him. After all he told the Constellation and BGE they were not going to get a 70% rate increase (election promise)during his watch. O'Malley was right, they got 80+ increase. And, people bought his BS. Get your facts straight. And, if Obama gets elected I hope you enjoy your tax increases.
King

Baltimore, MD

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#14
Aug 13, 2008
 
This is the new post-Enron environmnet. Lie on you reports, than com eback later say something was "missed" or "overlooked"

How the hell a multi-million or billiob $ company can miss billion or million is lost or misreprted revenue is criminal. They know exactly what they are doing. Thewir criminal thinking and technology is so far ahea of the retared govenment, that they will never get caught.,

In the meantime, they keep ALL the profits and taxpayers pay for aLL the bailout.

Keep voting Republican, you damned fools.
King

Baltimore, MD

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#15
Aug 13, 2008
 
Ohhh I'm scared. Any intelligent person would know that a quick fact check shows taxes have soared for middle class folks under the REPUBLICANS. But you must be one of the 1% who got a tax break right?

Keep voting againt your economic interests, dumbass.
Dave wrote:
Ex-Baltimoron .... what an appropriate name. Yes, blame Erhlich (you forgot Pres. Bush and VP Cheney) for the problem. Don't blame the Democratic GA in 1999 and Governor Glenndenning ... after all they left Erhlich with a large surplus. Naw, they left in a very large deficit. You are obviously an O'Malley admirer so we can't blame him. After all he told the Constellation and BGE they were not going to get a 70% rate increase (election promise)during his watch. O'Malley was right, they got 80+ increase. And, people bought his BS. Get your facts straight. And, if Obama gets elected I hope you enjoy your tax increases.
King

Baltimore, MD

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#16
Aug 13, 2008
 
Only silly Republcian with no economic background or education think that free-market capitalism works in all cases. There has to be some regulation and law controlling markets or people will be exploited and abused.

See: child labor laws.

Learn history before spouting ignorance, GOP. You eat too much foot every day.
King

Baltimore, MD

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#17
Aug 13, 2008
 
Meanwhile, in real news, Maryland energy rates still lower than most states.

O'malley is a fool, but to act as if Erhlichs deal was better is nothing short of a lie.
Richard H wrote:
<quoted text>
You must have been gone for a long time Baltimoron. Let me bring you up to date. Erhlich inherited the crap that Annapolis Democrats have been peddling for quite sometime now. There has been no competition as promised . Erhlich had a settlement in place that was much better than what O'liar and his minions got for the citizens of maryland. Not to mention the extra millions in payroll spent for out of session tax increases. Look I don't mind debating, but you need to get your facts straight. No wonder why your not paying as much. Ohio is one of those rust states thats going through a difficult time. I think your time would be better spent figuring out how to make your new home better. Instead coming in to maryland with clueless facts EX BALTIMORON
Keep Trying

Costa Mesa, CA

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#18
Aug 13, 2008
 
King wrote:
Only silly Republcian with no economic background or education think that free-market capitalism works in all cases. There has to be some regulation and law controlling markets or people will be exploited and abused.
See: child labor laws.
Learn history before spouting ignorance, GOP. You eat too much foot every day.
Keep regulating all of the business out of state and overseas and you won't need to worry about capitolism since we will be bowing to the Chinese communists.
Ex-Baltimoron

Columbus, OH

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#19
Aug 13, 2008
 
Dave wrote:
Ex-Baltimoron .... what an appropriate name. Yes, blame Erhlich (you forgot Pres. Bush and VP Cheney) for the problem. Don't blame the Democratic GA in 1999 and Governor Glenndenning ... after all they left Erhlich with a large surplus. Naw, they left in a very large deficit. You are obviously an O'Malley admirer so we can't blame him. After all he told the Constellation and BGE they were not going to get a 70% rate increase (election promise)during his watch. O'Malley was right, they got 80+ increase. And, people bought his BS. Get your facts straight. And, if Obama gets elected I hope you enjoy your tax increases.
Where did I say it was all Ehrlich's fault or give O'malley a pass on it? Maryland politicians are all the same and Party Affiliation is simply a matter of degrees. Labels to help the uneducated feel informed to vote their single issues.

I was commenting on the fact that everyone is so fast to (rightfully) crucify Glendenning and O'Malley, yet somehow completely give a pass to Ehrlich who was just as complicit in the mess as anyone else. That ignorance and the outright corruption everywhere is a major factor in why I left.

And the problems in Ohio are primarily up in Cleveland. Columbus is fine, in fact it's one of the steadiest growing American cities, and the town I live in was voted in the top 20 best places to live by Money Magazine. Big salaries and low cost of living. Thanks for your concern. My house is fine. The Neighbors are not quite so nice, but then again Cleveland and Baltimore always were very similar...

The state is trying to help Cleveland. They were slow to adapt unlike Cincy and Columbus which are flourishing.

We pay less in enegry costs because we have competition. Three cable companies too. How's that Comcast Monopoly working out for you?
Ex-Baltimoron

Columbus, OH

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#20
Aug 13, 2008
 
I also am amused by people who complain about taxes.

I pay twice the property tax here that I did there (Though income tax *is* about 25% less), but I have a brand new $75m community center with lap pools, a recreation pool with water slides, a diving pool, gymnasiums, running track, rock climbing wall, and excercise area that wuld put the DAC to shame and I get to use it all free any time I want because of those taxes (indoor, all year round). Plus the local schools spend twice per student what even the best school districts did back there, three times more than most. Quadruple what Baltimore City spends. Our roads are not busted. We have parks. We're not closing fire stations. Teachers and Police get paid 40% more on average.

I guess if you are constanly bent over the table by your local politicians at the behest of big business, those extra few bucks in taxes means something.

But when you live somewhere where your tax payments are actually turned into something real and tangible, you don't mind so much.

How's that I-95 exchange in White Marsh coming?
Mike

Washington, DC

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#21
Aug 13, 2008
 
This is a very - very good news. I was hoping for a 26 % drop yesterday - Massive layoffs at Constellation Energy are just around the corner.
Questionauthorit y

Baltimore, MD

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#22
Aug 13, 2008
 
There's got to be some way to blame O'Malley for this.

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