Constellation Energy Group
Stock Symbol: CEG
750 East Pratt Street
Constellation Energy Group Industry:
Constellation Energy Group Description:
Constellation Energy Group, Inc. is a holding company whose businesses consist primarily of a domestic merchant energy business focused mostly on power marketing and merchant generation in North America, and Baltimore Gas and Electric Company (BGE), a regulated electric and gas public utility distribution company. The Company's domestic merchant energy business includes the operations of Constellation Power Source Holdings, Calvert Cliffs Nuclear Power Plant, Inc., and Constellation Nuclear, LLC.
Constellation Energy Group Financial Summary:
CEG is a holding company for a group of energy businesses focused on wholesale power marketing, merchant generation and portfolio management, and the Baltimore Gas and Electric Company, a regulated gas and electric delivery company. For the 6 months ended 6/30/05, revenues rose 23% to $7.18B. Net income from cont. ops. rose less than 1% to $239.3M. Results reflect growth in Merchant Energy segment, partially offset by higher purchased fuel and energy costs.
Constellation Energy Group Business Summary:
Constellation Energy Group Inc. is a North American energy company, which includes a merchant energy business and the Baltimore Gas and Electric Company (BGE), a regulated electric and gas public utility in central Maryland. It has four operating segments: merchant energy, regulated electric, regulated gas and other nonregulated. Its merchant energy business is a provider of energy solutions. It also has other non-regulated businesses, which design, construct and operate heating, cooling and cogeneration facilities for commercial, industrial and governmental customers throughout North America, provide home improvements, service heating, air conditioning, plumbing, electrical and indoor air-quality systems, and provide natural gas to residential customers in central Maryland. It also has several investments, including financial investments, real estate projects, and interests in a Panamanian distribution facility and in a fund that holds interests in two South American energy projects.