Constellation skips regulatory hearing
BALTIMORE (AP) - Constellation Energy (NYSE:CEG) executives frustrated Maryland regulators Wednesday by skipping a hearing to discuss costs passed on to consumers due to deregulation, highlighting a standoff between the state and the utility over rising energy costs.
Constellation skips regulatory hearing
Gov. O'Malley issued this statement this morning:
"If Constellation is suing ratepayers for an additional $386 million, it seems only fair that they would appear before the Public Service Commission to explain why. We will support the Public Service Commission in its efforts to obtain answers to the very serious questions that have been raised about ratepayer liability for stranded costs and decommissioning expenses."
My only thought is that these are the guy who operate 2 nuclear reactors in Calvert County and want to build a third. Is this the kind of company we want operating such a dangerous facility in an area whose main escape route is an aging 2-lane span which likely won't be replaced for another 10 years?
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