O'Malley: CEG buyout may be 'good result'

Maryland Gov. Martin O'Malley is calling the acquisition of Constellation Energy by MidAmerican Energy Holdings "a pretty good result." He says MidAmerican "has a tradition of allowing companies that are within ...

[Rob]

Dear Marty,

While I don't wish it on anyone, Mr. Buffet is nearing death/retirement. Who knows how his successor will behave? You can try and spin it all you want, but the number of Fortune 500 Companies headquartered in Baltimore has decreased by 50% on your watch. Perhaps if you hadn't been so hostile towards CEG (with pathetically futile results), this would not have happened. I found it interesting that the State of MD apparently did not explore extending a possible lifeline to one of its last few corporate stakeholders. Way to drive jobs out of Baltimore Marty!

[Nard]

Hope the gov is right, but I think his optimism is mostly spin to deflect criticism for the loss of one of the biggest & most important companys in Maryland.

[CLM]

Nothing is going to work unless they get the books straightened out, stop the creative auditing, and find a CEO who makes a salary incompatible with seeing himself as above and beyond mere mortals.

[maniak]

marty is still a piece of crap opportunist who shouldve never been elected mayor but won by jumping in when he saw 2 black opponents splitting their vote

[Well Gee Wiz]

O'Malley realizes it may be a good thing for Constellation to be tied to a well-financed Berkshire Hathaway. Why do you think they felt the need to raise capital before? Uhhh, because they were undercapitalized. O'Malley demanding they provide cheaper service without raising rates threatened their capitalizion, in turn their borrowing abilities and subsequently really put the future utility infrastructure in jeopoardy. Thank heavens for Warren Buffet riding in on a White Knight. Seriously, we should be thanking Buffet big time. We couldn't have asked for a better outcome for Marylanders. If it didn't happen you would see serious rate hikes.
PS- Wasn't it Martin O'Malley's handpicked PSC that rubber-stamped the increased he ranted about in the 06 elections? The ones he claimed could be changed? Only to find out he lied. Oh well, the guy passed the largest tax hike in state history so it is to be expected.

[jack]

Geez, if they think this deal is good for the customers, you better belive it's not. hey how was that big $170.00 credit versus that 18% increase you'll be paying forever? Thanks Gov. O.

[Ellis]

FU O'M.

[Charlie S]

Ummm, they could have been sold for 11 billion recently to FPL, but the deal was killed by the state. Now they're sold at a firesale for 4.7 Bill. How is this good for anyone, other than Warren Buffet?

[MD taxpayer]

I want to hear from all the people who voted for Omally.

Are you proud of you vote?

Take out Glendining and OMalley and we would all be better off, except those with their hands out.

[Charlie S]

Gee, Warren Buffett is a big democratic contributor, go figure

[Steve]

I am surprised MOM did not blame this whole mess on the former gov. Once Warren gets wind of the taxes in Maryland, CEG will be gone forever to Iowa. Way to go Marty.

[Dave]

If a 80 % hike in electric rates is O'Mally's idea of a good outcome ,than I guess Contelation selling out for $ 4.7 Bil. instead of $11 Bil. is a really good deal!!!