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.
Wynn Resorts amends credit agreement to issue up to $500M in notes to pay down debtSeptember 14th, 2009 Wynn issuing up to $500M in notes to pay down debtLAS VEGAS — Casino operator Wynn Resorts Ltd. plans to issue up to $500 million in new secured notes to help it pay down its debt.
World's No. 1 wine producer, NY-based Constellation, will close a winery, donate it to collegeSeptember 10th, 2009 Biggest winemaker to donate NY winery to collegeVICTOR, N.Y. — The world's biggest wine company is closing a winery in western New York and donating the building and vineyards to a college.
Kimco Realty repays $145M credit facility debtAugust 27th, 2009 Kimco Realty repays $145M debtNEW HYDE PARK, N.Y. — Real estate investment trust Kimco Realty Corp.
Sterling Financial files papers to raise up to $500M in shares, debtJuly 21st, 2009 Sterling Financial files papers to raise $500MSPOKANE, Wash. — Sterling Financial Corp.
Constellation Energy Group gets contract to supply electricity to Texas school districtJuly 8th, 2009 Constellation Energy gets Texas school contractBALTIMORE — Constellation Energy Group Inc. said Wednesday that its subsidiary, Constellation NewEnergy Inc., has signed an electricity supply agreement with the Fort Bend Independent School District in Fort Bend County, Texas.
Baltimore judge dismisses Constellation appeal of regulators' decision to review EdF dealJuly 3rd, 2009 Judge dismisses Constellation appeal in EdF caseBALTIMORE — Constellation Energy Group Inc. lost a round in its battle with Maryland regulators over its proposed deal to sell half its nuclear operations to France's EdF when a judge ruled Thursday it could not appeal the decision to review the agreement while the review was under way.
Capital One repays $3.57 billion received as part of government investment programJune 17th, 2009 Capital One repays $3.57B in TARP fundsNEW YORK — Capital One Financial Corp. says it repaid the $3.57 billion it received last fall as part of the government's $700 billion bank investment program.
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.
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.
Constellation Energy's top executive receives 2008 compensation of $5.7M, says AP tallyApril 29th, 2009 Constellation Energy CEO gets $5.7M 2008 packageCOLUMBUS, Ohio — Constellation Energy Group's top executive, Mayo Shattuck III, received total compensation valued at $5.7 million in 2008, according to Associated Press calculations of data filed with regulators Wednesday. The pay package represents a nearly 56 percent drop in value from his 2007 compensation, and follows a year in which the wholesale power generator was nearly forced into bankruptcy by a liquidity crisis.
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.
Interior Sec'y Salazar announces $500M in federal stimulus money for American Indian tribesApril 25th, 2009 Interior secretary announces $500M for tribesBISMARCK, N.D. — Interior Secretary Ken Salazar says $500 million in federal stimulus money will go to American Indian tribes across the U.S.
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