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Constellation Energy Group Inc. (CEG)

- NYSE
CEG is defunct.
  • Oct. 30, 2012, 3:31 AM
    Exelon (EXC) has declared an "alert" - the second lowest of four NRC action levels - at its New Jersey Oyster Creek nuclear facility after flood waters caused by Hurricane Sandy rose over 2M and threatened to submerge the pumps that circulate water through the plant. However, the water was expected to recede following high tide. Constellation Energy's (CEG) Nine Mile Point 1 nuclear plant in New York has shut down due to difficulties putting power onto the grid.
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  • Mar. 12, 2012, 1:40 PM
    Constellation Energy (CEG +2.8%) says it will pay $245M to settle FERC claims related to certain energy-trading transactions in New York wholesale energy markets. Shares in the company will cease trading tomorrow following the company's merger with Exelon (EXC +2.5%).
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  • Mar. 7, 2012, 5:24 PM
    Crown Castle (CCI) +5.2% AH after it's reported the mobile tower operator will replace Constellation Energy (CEG) in the S&P 500. Constellation is set to be acquired by Exelon.
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  • Jan. 23, 2012, 8:53 AM
    Natural gas producers are sharply higher premarket in the wake of Chesapeake's (CHK +5.4%) production cutback and a spike in prices. Quicksilver (KWK +4.9%), EXCO (XCO +4.3%), Range Resources (RRC +2.7%), Cabot (COG +2.9%).
    | 5 Comments
  • Jan. 17, 2012, 1:24 PM
    EDF withdraws its opposition to Exelon's (EXC -0.15%) $7.9B acquisition of Constellation (CEG +0.25%) after agreeing to a deal that will protect the operating independence of the French utility's nuclear JV with Constellation.
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  • Jan. 17, 2012, 10:46 AM
    The continuing decline in natural gas (off 6.9% today) and resultant fall in electricity prices is shelving alternative energy projects from NextEra (NEE), Exelon (EXC), and CMS, but Michael Morris of American Electric Power (AEP) warns about becoming too dependent on gas. "The way to make $4 gas, $8 gas is for everyone to go out and build ... natural-gas plants."
    | 5 Comments
  • Jan. 3, 2012, 9:29 AM
    Wells Fargo cuts its ratings on NextEra Energy (NEE), Public Service Enterprise (PEG) and Southern (SO) to Market Perform and cuts longer-term earnings estimates for several diversified power companies including Exelon (EXC) and Constellation (CEG), citing deterioration in the fundamental outlook sparked by a drop in power prices since October in the wake of lower natural gas costs.
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  • Dec. 21, 2011, 12:17 PM
    The DoJ reaches a settlement with Excelon (EXC +1.1%) and Constellation (CEG +1.1%) in their $7.9B merger deal, requiring the companies to divest themselves of three electricity generating plants in Maryland in order to proceed.
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  • Dec. 15, 2011, 1:39 PM
    Exelon (EXC +0.6%) and Constellation Energy (CEG +1.7%) agree to boost investments they will make in Maryland as part of a settlement reached with the state in connection with the companies' merger. EXC and CEG say they plan to spend $1B-plus in Maryland, more than double an earlier proposal, on projects that could create more than 6,000 jobs.
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  • Oct. 28, 2011, 7:08 AM
    Constellation Energy (CEG): Q3 EPS of $0.68 misses by $0.12. Revenue of $3.52B (-11.3% Y/Y) misses by $1B. (PR)
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  • Oct. 28, 2011, 12:05 AM
    Notable earnings before Friday's open: ACI, AGP, AIV, AON, BIIB, BWA, CEG, CI, CMC, COL, CPN, CVH, CVX, D, DTE, GT, IPG, ITT, LEA, LYB, MRK, NEM, NI, NWL, PEG, SWC, TEN, VSEA, WHR, WY
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  • Oct. 12, 2011, 5:07 PM
    Exelon (EXC) and Constellation Energy (CEG) file a rebuttal testimony with the Maryland Public Service Commission, which is currently reviewing the companies' proposed merger. The testimony addresses concerns raised over its potential power to drive up wholesale electricity prices.
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  • Oct. 7, 2011, 12:05 PM
    Maryland officials, with veto power over the proposed $8B merger of Exelon (EXC) and Constellation Energy (CEG), express concerns that the combined company could have the power to drive up wholesale electricity prices. The state sets a high bar for utility mergers, requiring a demonstrable benefit to residents rather than the typical "do no harm" standard.
    | 1 Comment
  • Aug. 3, 2011, 6:21 AM
    More on Constellation Energy's (CEG) earnings: Sees FY'11 EPS of $3.05-3.35 vs. prior guidance of $3.10-3.40, the result of longer-than-expected outages at its nuclear JV facilities and the impact of recent acquisitions. In light of the pending merger with Exelon, the company is no longer providing earnings guidance for 2012. (PR)
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  • Aug. 3, 2011, 6:20 AM
    Constellation Energy Group (CEG): Q2 EPS of $0.76 misses by $0.09. Revenue of $3.4B (+1.5% Y/Y) misses by $0.5B. (PR)
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  • Aug. 3, 2011, 12:05 AM
    Notable earnings before Wednesday's open: AGN, AGU, BRKR, CEG, CLX, CMCSA, CTL, DVN, FTR, GRMN, KKR, MA, MFA, MMC, OC, PEG, PWR, RRD, SE, SWC, TRW, TWX, UMC
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Company Description
Overview Constellation Energy is an energy company that includes a merchant energy business and BGE, a regulated electric and gas public utility in central Maryland. Our merchant energy business is primarily a competitive provider of energy-related products and services for a... More
Sector: Utilities
Country: United States