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57-464: The company was known as Constellation Energy Group (former NYSE ticker symbol CEG), a Fortune 500 company and one of the largest electricity producers in the United States, until a merger with Exelon in 2012. When FERC approved the acquisition, Constellation Energy's energy supply business was re-branded as Constellation, an Exelon company. As part of the 2012 merger, Baltimore Gas and Electric ,

114-550: A 1-square-mile (2.6 km ) area in lower Manhattan. After the " war of currents ", more than 30 companies were generating and distributing electricity in New York City and Westchester County. But by 1920 there were far fewer, and Consolidated Gas's electricity arm, now called the New York Edison Company, was the leader. In 1936, with electric sales far outstripping gas sales, the company incorporated and

171-1083: A 10-megawatt solar array outside of Ocean City, Maryland . The array will provide the city with approximately 20% of its annual energy usage when completed. In October 2018, Constellation and the Tucson Unified School District completed a project that added solar generation capability to 82 of the district's buildings and facilities. The project is estimated to meet 47% of the district's electricity needs. In 2022, it became an independent company after Exelon split its utilities and power generation businesses. Former subsidiary Baltimore Gas & Electric remained part of Exelon. Constellation provides electric power to commercial and industrial customers. Its electricity supply business manages energy sales, dispatch, and delivery from Exelon's power generation portfolio to utilities, municipal co-ops, and energy retailers nationwide. As of 2018, Constellation had around 360 megawatts of solar generation assets that are either in operation or under construction across

228-458: A 550-MW facility near Odessa, Texas. The purchase added 1,100 MW of capacity. On April 28, 2011, Exelon announced its intention to purchase Constellation Energy. The merger was completed on March 12, 2012. On May 27, 2011, Constellation Energy announced its intention to purchase StarTex Power, a retail electricity provider in Houston, Texas; the purchase was completed on June 1, 2011. In 2018,

285-586: A dozen companies between 1936 and 1960. Con Edison today is the result of acquisitions , dissolutions , and mergers of more than 170 individual electric , gas , and steam companies. Consolidated Edison acquired land on the Hudson River in Buchanan, NY, in 1954 for the Indian Point nuclear power plant. The first reactor (Indian Point 1) began generating power on September 16, 1962. The reactor

342-508: A holding company in 1999. On September 15, 2005, Constellation Energy announced a joint venture, UniStar Nuclear, with Areva to market the European Pressurized Reactor (EPR) in the United States. On December 19, 2005, FPL Group, Inc. announced the acquisition of Constellation Energy in a merger transaction valued at more than $ 11 billion, as well as the fact that it would adopt Constellation Energy as its name for

399-613: A physical load-following energy supply contract. Constellation delivers approximately 730 billion cubic feet (21 billion cubic metres) of natural gas annually to customers, making it one of the ten largest natural gas marketers in the United States. The company oversees trading, transport, and storage of physical gas supply, pricing, hedging, and risk management. Constellation Technology Ventures (CTV), Constellation's venture capital fund, invests in start-up companies with emerging energy technologies. Their portfolio includes Proterra , ChargePoint and Aquion Energy Constellation

456-570: A population of nearly 9 million. Also in 1998, Consolidated Edison, Inc. acquired Orange & Rockland Utilities, which is operated separately. Con Edison had invested $ 3 billion in solar and wind projects. In September 2017 it was announced that the company would invest $ 1.25 billion in "renewable energy production facilities over the next three years." The company's "renewable portfolio" contained more than 1.5 gigawatts of operating capacity. Seventy-five percent of that capacity came from solar energy. Clean energy accounted for around eight percent of

513-507: A profit of $ 4.2 billion, and increasing executive pay by 82% to $ 17.4 million in 2010 for its top five executives. ● In 2014, Con Edison was named the #1 utility and #16 overall among corporations, in Newsweek ' s Green Rankings, and one of the 50 best companies for Latinas by Latina Style Magazine . In its "Best of the Best" issue in 2015, Hispanic Network Magazine named the company

570-536: A report stating: "Based on the response and evidence submitted by BGE, Staff concludes that BGE failed to provide for safe operation and maintenance of the facilities" following a 2019 gas explosion in Columbia, Maryland which destroyed a 57,000 square-foot commercial building. On August 10, 2020 at approximately 9:54 AM (EDT) a major natural gas explosion leveled 3 homes in Reisterstown Station on

627-546: A reported nonfunctioning or malfunctioning street light, traffic light or pedestrian Walk/Don't Walk light because of a failure in the power to the affected unit, a stop tag is assigned by Con Ed . When a caller to NYC's 311 asks for followup information about a reported outage, they're told the stop tag number, and told to call Con Ed at 800-752-6633 (800-75-CON-ED). The New York Times wrote that it can take over two years for some repairs. Sometimes an entire fixture must be removed, repaired, then returned. Other times

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684-497: A top employer among energy, gas, and oil companies. Con Edison was also selected as one of the top regional utilities by DiversityInc magazine in 2014. In 2016, the company was listed among America's best large employers by Forbes . ● In February 2021, The Energy and Policy Institute criticized Con Edison for touting clean energy while investing in Gas Infrastructure. This is unclean fracked gas. (Fracked gas

741-588: A wide range of energy-related products and services to its customers through two regulated utility subsidiaries and three competitive energy businesses. Under several corporate names, the company has been traded on the NYSE without interruption since 1824—longer than any other NYSE stock. Its largest subsidiary, Consolidated Edison Company of New York, Inc., provides electric, gas, and steam service to more than 3 million customers in New York City and Westchester County, New York, an area of 660 square miles (1,700 km ) with

798-463: Is methane gas produced by hydraulic fracturing .) The article explained, "A recent analysis of utility executive compensation by the Energy and Policy Institute found that Con Edison’s executive compensation policies include renewable energy growth as components of broader goals, but do not reward executives for reducing greenhouse gas emissions. When a New York City contractor is unable to repair

855-588: Is the United States' leading nuclear power plant operator, with over 19,000 megawatts. Constellation owns and operates a portfolio of fossil fuel and other sources generating more than 12,000 megawatts (MW) of power. Constellation's two hydroelectric plants generate 1,600 MW of power. Constellation has 27 wind projects in ten states, totaling nearly 1,400 megawatts (MW). Constellation owns Constellation Generation Solutions (CGS). CGS functions as an industry-leading maintenance and technical services organization emphasizing precision and quality, structured to streamline

912-670: Is via a series of transmission lines owned by the New York Power Authority and neighboring utilities; a more direct connection via the Champlain Hudson Power Express HVDC line is expected to come online in 2025. Con Edison is also interconnected with PSE&G via the Branchburg-Ramapo 500 kV line. Con Ed's distribution voltages are 33 kV, 27 kV, 13 kV, and 4 kV. The 93,000 miles (150,000 km) of underground cable in

969-617: The Baltimore Museum of Industry . Constellation ranks second in local corporate giving among Baltimore-based companies and donated $ 7.10 million in 2017. The company also provides grants to local schools that implement education programs promoting science and technology. Baltimore Gas and Electric Baltimore Gas and Electric Company ( BGE ) is a subsidiary of the Exelon Corporation and Maryland ’s largest gas and electric utility. BGE earlier had created

1026-775: The Criterion Wind Project in Garrett County, Maryland , and to purchase 28 Clipper Liberty 2.5-MW wind turbines for the project. Construction was completed in December 2010. In May 2010, the firm acquired two natural gas combined-cycle generation facilities in Texas from Houston-based Navasota Holdings. The $ 365 million transaction included the Colorado Bend Energy Center, a 550-MW facility near Wharton, Texas, and Quail Run Energy Center,

1083-532: The Intrepid Sea, Air & Space Museum . ConEd Solutions is a member of Real Estate Board of New York . On January 14, 2009, eleven Con Edison supervisors were arrested for demanding more than $ 1 million in kickbacks related to work done by a construction company that was repairing the Midtown steam pipe eruption of 2007. According to federal prosecutors, the employees had approved payment for work that

1140-670: The New York City steam system , which is the biggest district steam system in the world. Steam traveling through the system is used to heat and cool some of New York's most famous addresses, including the United Nations complex , the Empire State Building , and the Metropolitan Museum of Art . The Smart Meter Project was awarded to Aclara Smart Grid Solutions (electric) and the majority of

1197-539: The New York Stock Exchange to halt trading in Constellation. The next day, as the stock fell as low as $ 13 a share, the company announced it was hiring Morgan Stanley and UBS to advise it on "strategic alternatives" suggesting a buyout. On September 17, 2008, Constellation accepted an offer of $ 4.7 billion by MidAmerican Energy , a subsidiary of Berkshire Hathaway , but ultimately canceled

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1254-583: The Peale Museum into 1997). This was the first gas company in the Americas. The first streetlamp installed by the Gas Light Company of Baltimore stood at the corner of North Holliday and East Baltimore streets and was lit on February 7, 1817. By February 1818, only 28 gas-lit lamps existed. The Belvidere Theatre became the first public building to be lit using gas. Over the next decades

1311-492: The Safe Harbor Dam . There were two shareholders: Baltimore Gas and Electric (then as Consolidated Gas Electric Light and Power Company of Baltimore) held a 2/3rd share and Pennsylvania Water & Power Company the other third. The dam, lake and generating plant were all constructed and operational within two years. Seven generating units were installed with a total capacity of 230 MW, costing $ 34 million. In 1955,

1368-573: The Toys-R-Us distribution center in Flanders, New Jersey, what was then the largest rooftop solar array ever constructed. In March 2014, it agreed to acquire ETC ProLiance Energy, a supplier of natural gas to customers in several states. In November 2014, it completed its acquisition of Integrys Energy Services, a competitive retail electricity and natural gas subsidiary serving customers in 22 states. In September 2016, it completed its acquisition of

1425-544: The "Gas Light Company of Baltimore" on June 17, 1816, after having exhibited gas lighting at his Holliday Street museum, designed by famed local architect Robert Cary Long, Jr. and built and opened in 1814 (between East Saratoga and East Lexington Streets - after a variety of uses including as Baltimore's City Hall, 1830–1875, in 1931 it became the Municipal Museum of the City of Baltimore, popularly known once again as

1482-479: The 4200 block of Labyrinth Road, trapping multiple people, killing two and injuring seven. Representatives for BGE stated the cause of the explosion is unknown. BGE's electric service territory includes Baltimore City and all part of the Central Maryland counties including: Anne Arundel , Baltimore , Calvert , Carroll , Harford , and Howard counties BGE is a member of two shared-crew networks in

1539-824: The Bronx, Manhattan, and parts of Queens. Gas service in Brooklyn, Staten Island, and the rest of Queens is provided by National Grid USA 's New York City operations, except the Rockaway peninsula, which is serviced by National Grid's Long Island operations. The average volume of gas that travels through Con Edison's gas system annually could fill the Empire State Building nearly 6,100 times. Con Edison produces 30 billion pounds of steam each year through its seven power plants which boil water to 1,000 °F (538 °C) before distributing it to hundreds of buildings in

1596-519: The Con Edison system could wrap around the Earth 3.6 times. Nearly 36,000 miles (58,000 km) of overhead electric wires complement the underground system—enough cable to stretch between New York and Los Angeles 13 times. The Con Edison gas system has nearly 7,200 miles (11,600 km) of pipes—if laid end to end, long enough to reach Paris and back to New York City, and serves Westchester County,

1653-541: The Maryland Public Service Commission turned down BGE's request for a rate increase to recover the $ 48 million cost of installing smart meters, granting them instead an increase that was only 50% of what the utility requested. The $ 2.80 rate increase went into effect in June 2016 and raised BGE customers’ average electric bill to $ 134.33 per month. In October 2015, BGE filed a lawsuit against

1710-553: The New York Gas Light Company, was founded by a consortium of New York City investors. A year later, it was listed on the New York Stock Exchange (NYSE). Due to the Board of Aldermen's authority to grant franchises in the City of New York in the early to mid-19th century, interaction with Tammany Hall was required to expand the business. By William M. Tweed 's reign in the late 1860s as the boss of Tammany Hall,

1767-519: The StarTex brand was discontinued; Constellation served its existing customers instead. In May 2011, the company acquired MXenergy, a residential and small business energy provider with approximately half a million customers. In December 2011, it announced the acquisition of ONEOK Energy Marketing Co., a natural gas company with customers in the Midwest. In 2011, it contracted to construct and operate for

Constellation Energy - Misplaced Pages Continue

1824-546: The United States, including Maryland, California, Arizona, New Jersey, and Texas. In 2011, Constellation was contracted to construct and operate what was then the largest rooftop solar array ever constructed for the Toys-R-Us distribution center in Flanders, New Jersey. The company's offsite renewables service (CORe) provides access to offsite renewable energy projects through a retail power contract. CORe combines location-specific renewable energy purchases and certificates with

1881-511: The United States, with approximately $ 12 billion in annual revenues as of 2017, and over $ 62 billion in assets. The company provides a wide range of energy-related products and services to its customers through its subsidiaries: In 2015, electric revenues accounted for 70.35% of consolidated sales (70.55% in 2014); gas revenues 13.61% (14.96% in 2014); steam revenues 5.01% (4.86% in 2014); and non-utility revenues of 11.02% (9.63% in 2014). In March 1823, Con Edison's earliest corporate predecessor,

1938-449: The city of Baltimore over the city's attempt to increase the fee it charges the utility for the use of its underground conduit system. In November 2016, BGE and the city settled the suit, with the utility accepting an increase to $ 24 million a year to use the city's 741 miles (1,193 km) long conduit system. Through its Green Grants program, BGE offers grants of up to $ 10,000 to environmental non-profits in central Maryland. Since 2013,

1995-494: The company added large, decorative murals to the three large storage tanks on its Spring Gardens campus in south Baltimore. BGE also partnered with the Cal Ripken, Sr. Foundation in 2016 to construct Eddie Murray Field in west Baltimore. Consolidated Edison Consolidated Edison, Inc. , commonly known as Con Edison (stylized as conEdison ) or ConEd , is one of the largest investor-owned energy companies in

2052-448: The company as one of "America's Most Admired Companies" in the publication's newest corporate ranking survey. In 2003, Con Edison ranked second on the top ten list for electric and gas utilities. ● In December 2011, the non-partisan organization Public Campaign released a report criticizing ConEd for spending $ 1.8 million on lobbying and not paying any taxes during 2008–2010, instead getting $ 127 million in tax rebates, despite making

2109-541: The company experimented with piping, meters, and other mechanical technology. Baltimore committed to gas for municipal use, including the installation of gas service in all public markets between by 1851. Private subscription also steadily increased; by 1870, the company had 15,301 customers in Baltimore. In 1930 the Safe Harbor Water and Power Corporation was incorporated in order to construct and operate

2166-401: The company has awarded more than $ 1 million through the program. Past recipients include: In 2015, BGE launched a program that allows customers to report osprey nests on or near electrical lines. The company then insulates or moves the nest to special platforms. In the program's first year, learned of 23 nests built on electrical equipment. As part of BGE's bicentennial celebration in 2016,

2223-548: The company rebranded to become Baltimore Gas and Electric, and began to recognize the acronym BGE sometime during the 1990s. Baltimore Gas and Electric is under common control with Maryland's second and third largest electric utilities after the Maryland Public Service Commission approved the acquisition of Pepco Holdings by Exelon in 2015. The acquisition of Pepco Holdings by Exelon was completed in 2016. The Public Service Commission released

2280-902: The company's earnings, as of fall 2017. Con Edison sold its clean energy business to RWE in 2023. To support electric vehicles, Con Edison partnered with the company FleetCarma to provide $ 500 in rewards to owners of electric vehicles in New York City and Westchester County, New York. Through this program, Con Edison pays customers to charge their vehicles when energy demand is low. The Con Edison electrical transmission system utilizes voltages of 138 kilovolts (kV), 345 kV, and 500 kV. The company has two 345 kV interconnections with upstate New York that enable it to import power from Hydro-Québec in Canada and one 345 kV interconnection each with Public Service Electric and Gas (PSE&G) in New Jersey and Long Island. Con Edison's connection with Hydro-Québec

2337-451: The construction and operation of microgrids, capable of generating and distributing electricity during larger outages to the centralized electrical grid; however, in July 2016, the Maryland Public Service Commission rejected BGE's request to construct microgrids. In 2012, the company began replacing analog electric meters with smart meters to create a less expensive grid system. In June 2016,

Constellation Energy - Misplaced Pages Continue

2394-409: The deal on December 17, 2008, in favor of a $ 4.5 billion buyout from French power company Electricite de France (EDF) . In January 2009, Constellation Energy announced it would sell the majority of its London-based international commodities business to an affiliate of Goldman Sachs for an undisclosed price. In April 2010, Constellation Energy closed its agreement with Clipper Windpower to acquire

2451-535: The holding company Constellation Energy in 1999. Constellation Energy was acquired by Exelon in 2012. Headquartered in Baltimore , BGE provides service to more than 1.2 million electric customers and more than 650,000 natural gas customers in central Maryland. BGE employs 3,100 people in the state of Maryland, making the company one of the 15 largest private employers in the region. Artist / sculptor /museum operator Rembrandt Peale , (1778-1860), incorporated

2508-478: The last power plant it owned, Consolidated Edison, Inc. became primarily an energy distributor. On January 1, 1998, following the deregulation of the utility industry in New York State, a holding company, Consolidated Edison, Inc., was formed. It is one of the nation's largest investor-owned energy companies, with approximately $ 13 billion in annual revenues and $ 47 billion in assets. The company provides

2565-561: The name was changed to Consolidated Edison Company of New York, Inc. The New York Steam Company began providing service in Lower Manhattan in 1882. Con Edison bought it in 1954, and now operates the largest commercial steam system in the world, providing steam service to nearly 1,600 commercial and residential establishments in Manhattan from Battery Park to 96th Street. Consolidated Edison acquired or merged with more than

2622-423: The post-merger entity. The merger was canceled on October 25, 2006. In July 2008, Constellation Energy bought uranium trading firm Nufcor International from AngloGold Ashanti and FirstRand International . On September 15, 2008, after reports that Constellation had exposure to Lehman Brothers following that firm's bankruptcy filing, Constellation's stock price dropped 56% in a single day. The massive drop led

2679-775: The power to authorize franchises lay with the County Board of Supervisors, of which Tweed had been a member. By 1871, Tweed was a member of the board of the Harlem Gas Light Company, a precursor to the Consolidated Edison Company. In 1884, six gas companies combined into the Consolidated Gas Company. In 1901, the Consolidated Gas Company bought Edison Illuminating Company , which had been founded by Thomas Edison in 1880, first supplying electricity to 59 customers in

2736-449: The regulated utility operated by Constellation Energy, became a regulated utility operating under Exelon Utilities. The current iteration of the company was founded in 2022 after splitting off from Exelon . Before merging with Exelon, Constellation Energy Group operated more than 35 power plants in 11 states (mainly Maryland, Pennsylvania, New York, West Virginia, and California). Baltimore Gas and Electric created Constellation as

2793-502: The retail electricity and natural gas business from ConEdison Solutions, a subsidiary of Consolidated Edison , Inc. In the purchase, Constellation acquired ConEdison's retail electricity and natural gas customer contracts and associated supply contracts serving approximately 15 TWh of electricity and 1 billion cubic feet per annum (28,000,000 m/a) of natural gas to more than 560,000 commercial, industrial, public sector and residential customers. In August 2018, it began constructing

2850-976: The rollout was completed in 2022 with several thousand meters still needing to be changed in 2023 due to customer access issues. ConEd utilized Aclara's metering products for field installation. Over five million electric and gas meters were replaced in this project. Lime green-colored seals were used on electric meters to indicate that the meter was changed by a contractor. ConEd offers a variety of programs and resources for its customers and stakeholders, organized in such categories as, "For Renters", "For Residential Owners", "For Small & Medium Businesses", "For Commercial & Industrial", "Business Partners", "Investors", "Community Affairs", and "Municipalities". Examples of such resources include: Con Edison contributes substantial funding and volunteer hours to many non-profit organizations and learning centers including New York Botanical Garden , Hudson Valley Groundworks Science Barge , Teatown Reservation , Jay Heritage Center , and

2907-557: The southeast and mid-Atlantic regions, and frequently sends crews to help restore power to customers across those regions after severe weather events. The utility has dealt with major outages following meteorological events in the mid-Atlantic region, including the June 2012 derecho and Hurricane Sandy in October of the same year. In the aftermath of Hurricane Sandy, BGE restored power to more than 300,000 customers. The utility has proposed

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2964-432: The streets must be torn up to replace underground wiring. Temporary fixes, using what was described as "nothing more than overhead extension cords" (called "Shunts") at times are left in place for an extended period. In 2017 Con Ed committed to repair "at least 90% ... within 90 days." A former Con Edison building on West 53rd Street in Manhattan was converted first into the studio for the television game show Let's Make

3021-572: The urgent demands of our nation's nuclear facilities, power grids, and critical supply chains. Constellation owns the archives of the Baltimore Gas & Electric Company, the former Consolidated Gas Light, Electric Power Company of Baltimore City, and its ancient predecessor, the Gas Light Company of Baltimore. The Baltimore Gas & Electric Company's photographic collection consists of approximately 250,000 photographic prints and negatives, in more than 50,000 series The archives are held by

3078-494: The work execution of the nuclear fleet. Constellation PowerLabs is a wholly owned subsidiary of Constellation. Since 1911, PowerLabs has transformed from supporting the power industry to becoming Exelon's primary calibrations and testing laboratory. It has four individual labs strategically located from the upper Midwest to the Northeast, enabling experienced staff in engineering, metrology, and nuclear power generation to support

3135-448: Was arrested and later admitted to taking bribes that the utility company claimed amounted to $ 10,000. In April 2016, Con Edison agreed to pay over $ 171 million, about 1.5% of its annual revenue, back to its customers in compensation for harm resulting from the bribery. The Public Service Commission had found that Con Edison failed to supervise the employees. Con Edison admitted no wrongdoing. ● In March 2002, Fortune magazine named

3192-535: Was shut down on October 31, 1974, because the emergency core cooling system did not meet regulatory requirements. The company built two more reactors at Indian Point during the 1970s: Indian Point 2 and 3. Indian Point 3 was sold to the New York Power Authority in 1975. Entergy acquired Indian Point 2 in November 2000, nine months after a steam generator leak. With the sale of Indian Point 2,

3249-416: Was unnecessary or not performed and promised faster payment for some work performed by the construction company in exchange for the bribes . The FBI had two retired Con Edison employees and the president of the construction company wear recording devices that recorded the suspects demanding bribes of between $ 1000 and $ 5000. Later that year Con Edison sued Brendan Maher, one of the construction supervisors who

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