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There are 19 comments on the Baltimore Sun story from Sep 24, 2008, titled No title. In it, Baltimore Sun reports that:

More shareholders are joining a major Constellation Energy Group investor in protesting the company's $4.7 billion sale to Warren E. Buffett 's MidAmerican Energy Holdings.

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

afmca

United States

#1 Sep 24, 2008
I say .. who cares? This is the time to protect the consumers for once and not corporate executives and their shareholders. They have ridden the greed train unencumbered for so long. Buffett’s company provides the needed monetary injection and the proper management to make Constellation a well run, and still profitable, organization. Buffett will get back to basics .. we don’t need a French energy company providing energy to Marylanders.
mike

Dundalk, MD

#2 Sep 24, 2008
their is only one group of people that will benefit from a class action suit......lawyers....as an ex-ceg shareholder, i expect pennies per share as a resolution...that is typically how gthey end
Amused

Stroudsburg, PA

#3 Sep 24, 2008
afmca wrote:
I say .. who cares? This is the time to protect the consumers for once and not corporate executives and their shareholders. They have ridden the greed train unencumbered for so long. Buffett’s company provides the needed monetary injection and the proper management to make Constellation a well run, and still profitable, organization. Buffett will get back to basics .. we don’t need a French energy company providing energy to Marylanders.
To answer your question, shareholders care, all of those individuals, compnaies and organizzations holding 178 million shares. In regard to getting back to basics, EDF has been in the nuclear power business longer than EDF. Buffet's MidAmerica has not and is not in that business. Buffet is one of the world's biggest opportunists. He has defined greed.
oriolesfan21218

Baltimore, MD

#4 Sep 24, 2008
the government doesnt allow ownership of nuclear power plants by foreign entities. so they will get a front company in its place. theres a reason for this, more of our country is moving to foreign control. sad.. but the new world order is moving along rather briskly dont cha think??
Amused

Stroudsburg, PA

#5 Sep 24, 2008
oriolesfan21218 wrote:
the government doesnt allow ownership of nuclear power plants by foreign entities. so they will get a front company in its place. theres a reason for this, more of our country is moving to foreign control. sad.. but the new world order is moving along rather briskly dont cha think??
I don't believe the US givernmwent allows control. As a result KKR would have a majority interest, with EDF probably being the working partner. BTW, the contrary side of your sadness is that in China GM is the biggest producer of automobiles. It works both ways. If you have a world economy, businesses will gravitate to the most business friendly environment. For example, the majority of US corporations incorporate in Delaware because of the ease and business friendly climate. Is that evil?

Look, if Americans were willing to pay higher prices to buy American than more US Corporations would not outsource, but the reality is that most americans would rather buy at a lower price. Is that wrong? No, but than as a consumer you can bemoan the fact that jobs are outsourced to China and India. You demanded it with your purchasing dollar.
Yu Gotabe Jo King

United States

#6 Sep 24, 2008
In regard to getting back to basics, EDF has been in the nuclear power business longer than EDF.

LOL...That makes sense.

Amused: me thinks thou doth protest too much and needs to rest a while...go for a walk in the park.
Amused wrote:
<quoted text>
To answer your question, shareholders care, all of those individuals, compnaies and organizzations holding 178 million shares. In regard to getting back to basics, EDF has been in the nuclear power business longer than EDF. Buffet's MidAmerica has not and is not in that business. Buffet is one of the world's biggest opportunists. He has defined greed.
Amused

Stroudsburg, PA

#7 Sep 24, 2008
Yu Gotabe Jo King wrote:
In regard to getting back to basics, EDF has been in the nuclear power business longer than EDF.
LOL...That makes sense.
Amused: me thinks thou doth protest too much and needs to rest a while...go for a walk in the park.
<quoted text>
Obviously a typo. However, it makes as much sense as what others offer as truth. I do appreciate your concern for my welfare. Is that real or contrived?
afmca

United States

#8 Sep 24, 2008
So EDF is in the nuclear power business .. as far as I know Constellation has a nuclear power plant at Calvert Cliffs but most of its power generation is still done by coal, oil, and natural gas; which MidAmerica has proven to do very well. Since there is no consensus about building more nuclear plants conceeding to EDF is premature at this point. EDF was never interested in power generation; they got sucked in on the trading side. I want a company that want to provide service to the customer not play shell games with our money. I would also venture to guess that Buffet's companies would easily come to speed if nuclear became an option.
Amused

Stroudsburg, PA

#9 Sep 24, 2008
afmca wrote:
So EDF is in the nuclear power business .. as far as I know Constellation has a nuclear power plant at Calvert Cliffs but most of its power generation is still done by coal, oil, and natural gas; which MidAmerica has proven to do very well. Since there is no consensus about building more nuclear plants conceeding to EDF is premature at this point. EDF was never interested in power generation; they got sucked in on the trading side. I want a company that want to provide service to the customer not play shell games with our money. I would also venture to guess that Buffet's companies would easily come to speed if nuclear became an option.
The decision as to who buys Constellation will go the the shareholders. If you aren't a shareholder, you don't have a voice, except in this forum. As to you being a ratepayer, BGE is the regulated utility and as such are protected by the PSC, who will determine what rate you pay based on submissions from BGE. Constellation, the holding company could go Chapter XI tommorrow and you would be relatively uneffected, because the Constellation trading activities are above the BGE level and not included in the calculation of the rate you pay. You aren't the only one who doesn't get this and the media is doing a horrible job explaining it.
LawHoo

Brooklyn, MD

#10 Sep 24, 2008
The ONLY people who make money off of these law suits are the lawyers. Everyone else pays, ratepayers (because they have to cover Constellation's legal fees), shareholders (because they are not going to get anything more than what they got), employees (because they have to waste time working on this crap), and taxpayers (because we fund the courts, whose time is wasted on this garbage). Bogus, bogus, bogus.
lockchic

Owens Cross Roads, AL

#11 Sep 24, 2008
so mayo has done it again. he ran deutsche banc alex brown, got a big sum of money, and i lose my job, along with hundreds of others not only in baltimore, but in san fran and nyc too. it totally disgusted me that he ended up with constellation where here i am giving this jerk money when i was still looking for a job with a little one at home, wondering how i was going to support her. looks like he may be up for another payout. i feel like i am just getting continually screwed by him.
gwb

Glen Burnie, MD

#12 Sep 24, 2008
Buffet gets 175 million if deal falls thru, Hey amused, buffet has a plan? You said he defines greed.
Amused

Allentown, PA

#13 Sep 24, 2008
gwb wrote:
Buffet gets 175 million if deal falls thru, Hey amused, buffet has a plan? You said he defines greed.
Sorry, does not compute. What's your point?
gwb

Glen Burnie, MD

#14 Sep 24, 2008
Normally you have an answer for every post. Buffet makes money on this deal either way . Does not compute?
Amused

Allentown, PA

#15 Sep 24, 2008
gwb wrote:
Normally you have an answer for every post. Buffet makes money on this deal either way . Does not compute?
I agree, but what is the point?
CKGRR

San Jose, CA

#16 Sep 24, 2008
Well, I guess Warren Buffet thought that getting rid of Shattuck was worth millions of dollars.

I don't now what the French think.

But I would rather have Buffet running BGE than a French entity. Maybe I am to conservative for all this.

But if Buffet asked me to pay $200 bucks a month for the next year in utility bills just so Mayo could retire in style, damn, I think I would be screaming.

But I guess that is what Bush is doing.

I guess I will just get up an put on my hard hat, just like those Raven football players making six or seven or more figures a year, and go do my job tomorrow. Maybe my paycheck will cover my mortgage...just maybe. But I don't expect Steve the Biscuit to bail me out.

G
Been there Done that

Baltimore, MD

#17 Sep 25, 2008
Anyone who thinks that being bought out by EDF would be better than Berkshire for the stability and longevity of Constellation as a corporation and ultimately it's employees is delusional. The stock market doesn't care about facts, it is soley confidence. That is why Constellation stock plumited because the market and stock holders lost confidence and bailed. Berkshire bleeds confidence. No one even heard of EDF before this deal, and them requiring partners only adds more hair around it. I understand people being upset because of stock losses, but thats the price you pay, and a higher bid is not necessarily better for the corporation as a whole. Lets all go for the higher price and have them sell us off in peices to the highest bidder. Guaranteed
Yu Gotabe Jo King

Glen Burnie, MD

#18 Sep 26, 2008
Sure, we all need to take a break once in a while...get out and smell the roses. Yesterday, I flew a kite in the park nearby. Very relaxing.
Amused wrote:
<quoted text>
Obviously a typo. However, it makes as much sense as what others offer as truth. I do appreciate your concern for my welfare. Is that real or contrived?
Worldcitizen

Vienna, Austria

#19 Sep 26, 2008
Yeah! Stay American and let your nukes fade away. Don't support Sarkozy's ambition! He is involved in nuclear industry like Bush is with big oil. That kind of politicians doesn't care about the long term and the good of human kind. It is calculated that to cover the needs of energy by 2050 there is a need to build... 18000 nuclear powerplants!!Good opportuniies for terrorism and where is the energetic independence? The uranium reserves are small and finite and few in the "stable world".
You have in the US a fantastic opportunity: The Space Solar Power from the National Space Society.
http://www.nss.org/settlement/ssp/
It commands urgent attention or it is to despair from any rationality. They are talking about an initial 100 Billions project. Does that kind of figures ring a bell these days? It would create millions of jobs and be a strong motor for modern industry, like the moon project once was.

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