Constellation, EdF may save $1B in taxes over 15 years under final terms of dealSeptember 30th, 2009 New terms may save Constellation, EdF $1B in taxesBALTIMORE — A Constellation Energy Group executive says the company and its partner Electricite de France will save more than $1 billion in taxes over 15 years under the new terms of a nuclear power transaction
Constellation's Vice President of Integration John Collins said Tuesday that under the new terms, EdF will buy 49 percent of Constellation's nuclear business, but in two pieces to meet federal tax regulations. It will pay $3.809 billion for one portion and $670 million for the other — less than the previously announced $4.5 billion.
Classes set to resume at Texas high school where teacher fatally stabbed; student heldSeptember 24th, 2009 Classes resume at Texas school where teacher slainTYLER, Texas — Classes are set to resume at a Texas high school a day after a special education teacher was fatally stabbed in a classroom. Authorities in Tyler, Texas, say a 16-year-old male student is accused of walking up to 50-year-old Todd Henry at John Tyler High School and stabbing him in the neck Wednesday.
Constellation Energy repays $500M, 6.125 pct bond without refinancingSeptember 2nd, 2009 Constellation Energy repays $500M, 6.125 pct bondBALTIMORE — Constellation Energy Group Inc. on Wednesday said it repaid a $500 million, 6.125 fixed-rate bond without refinancing, as part of its plan to improve liquidity and strengthen its balance sheet.
US approves contract for Russian nuclear fuel importsAugust 21st, 2009 MOSCOW - Washington has approved a long-term contract for imports by a US company of Russian low-enriched uranium, Russia's state-run nuclear company Atomenergoprom said Friday. On Aug 19, the US commerce department "approved a direct contract for deliveries by Techsnabexport (Atomenergoprom's uranium export arm) of enriched uranium to the US energy company Constellation Energy Nuclear Group," the company said in a statement.
CBI subsidiary wins $40 million contract to supply heaters to Taiwan ethylene plantAugust 18th, 2009 CBI unit wins $40 million ethylene plant contractTHE WOODLANDS, Texas — A subsidiary of Chicago Bridge & Iron NV said Tuesday it won a contract worth about $40 million to supply eight heaters to an ethylene plant in Taiwan. The Lummus Technology subsidiary said it won the contract from CTCI Corp.
Sport Supply Group acquires some team sports assets from Har-Bell Athletic GoodsJuly 30th, 2009 Sport Supply Group acquires assets from Har-BellDALLAS — Sport Supply Group Inc. said Thursday it has bought some team sports assets from Har-Bell Athletic Goods.
Chennai firm bags $81-mn Iraqi orderJuly 27th, 2009 CHENNAI - The city-based engineering, procurement and construction company BGR Energy Systems has been awarded a $80.5-million contract by Iraq's State Company for Oil Projects (SCOP). According to BGR Energy, the contract is for the development of two gasfields in Iraq and includes supply of equipment.
Constellation Energy appeals ruling by Maryland regulators over EdF dealJune 11th, 2009 Constellation appeals Md. decision on EdFBALTIMORE — Power company Constellation Energy has appealed a ruling by Maryland regulators that they have the right to approve its proposed $4.5 billion sale of half its nuclear power business to French nuclear company EdF.
Maryland regulators say proposed Constellation-EdF deal requires their approvalJune 11th, 2009 Md. regulators say they must OK nuclear power dealCOLUMBUS, Ohio — Maryland regulators ruled Thursday that they have the right to sign off on French nuclear power company EdF's plan to buy half of Constellation Energy's nuclear power business for $4.5 billion, rejecting the companies' arguments that approval by the regulators was not necessary. Constellation Energy immediately appealed the decision.
Two Indian schemes in finals for global green energy awardsJune 5th, 2009 NEW DELHI - Two pioneering schemes in India are among the finalists for this year's Ashden Awards for Sustainable Energy, the organisers of the awards have announced. Saran Renewable Energy Pvt.
Berkshire Hathaway sells 2.4M more shares of Constellation Energy obtained in failed takeoverMay 14th, 2009 Berkshire sells 2.4M more Constellation sharesOMAHA, Neb. — Billionaire Warren Buffett's company sold more of the 20 million shares of Constellation Energy Group Inc.
Constellation Energy posts 1st-quarter loss, but reaffirms full-year outlookMay 5th, 2009 Constellation Energy posts 1Q loss on itemsBALTIMORE — Utility company Constellation Energy Group Inc. on Tuesday posted a first-quarter net loss on several one-time losses, but reaffirmed its full-year earnings outlook.
50 years of federal court oversight ends; judge rules Galveston schools are desegregatedMay 2nd, 2009 Judge rules Galveston schools integratedGALVESTON, Texas — A federal judge in Texas has ruled that the Galveston school district is desegregated, ending a civil rights lawsuit initiated in 1959. U.S. District Judge Sim Lake of Houston issued the ruling Friday.
Power companies that intend to submit applications for new nuclear plantsApril 28th, 2009 Companies that want to build new nuclear reactorsA list of companies that have announced their intent to submit applications to the Nuclear Regulatory Commission for new plant licenses:
— Alternate Energy Holdings/Unistar: One unit in Elmore County, Idaho
— Amarillo Power/Unistar: One unit in vicinity of Amarillo, Texas
— AmerenUE/Unistar: One unit in Callaway County, Mo. — Constellation/Unistar: One unit in Calvert County, Md.…
— Constellation/Unistar: One unit in Oswego County, N.Y.
Kerala okays new 2,400 MW thermal power plantFebruary 3rd, 2009 THIRUVANANTHAPURAM - The Kerala government Wednesday gave its nod to set up a 2,400 MW thermal power plant in the state facing shortages of electricity supply. Chief Minister V.S.