Not usually a Cramer fan because I always catch him on a major yelling streak.

Cramer's dead-on accurate about Shattuck and CEG's tendencies to bite those that can help them. I am a *huge* fan of MidAmerican Energy and their management--they're a top-notch company all the way around. MidAmerican-style management and goals could have done a lot to improve CEG. Perhaps it could have been CEG and MidAmerican building wind power generators off the coast, instead.

EDF could have been a fantastic business partner for CEG, as well. Coal really isn't the future, but no one at CEG seems to have realized this, yet.

Although Cramer does go on a rant- his comments about CEG's CEO seem to be right on the money - see the comments in the Washington Post in Pearlstein's column - time for Mayo to go with his golden parachute and get someone in to run CEG as a business

Noone at CEG understand that coal isn't the future? C'mon man! They got a $ 2 b put option to force EDF to buy the 11 coal plants. They invested close to $ 1 b in the Unistar deal and they are trying to purchase the New England gas plants. What do you want?

Given the way he gutted and filleted Alex Brown, plus having left CEG totally exposed in September 2008, plus this debacle, Mayo will go down as one of Baltimore's all-time corporate villains.

Attempting to sell off coal plants doesn't indicate that CEG is forward-thinking. CEG made most of its money in the past 10 years not from energy, but other investments until it lost a lot of $ a few years ago. What other energy sources is CEG looking at? MidAmerican and many other utilities have already snapped up a lot of the gas market, so CEG is very late to the table in that game. Definitely not nuclear or wind. What else is left? Coal? Hydroelectric? Geothermal? Solar (snicker)? CEG has no idea what to do with itself, but it won't do the smart thing and actually partner with another company, or let itself be taken over/merge with anything else.

Wonder who is working on the book?? Mayo's life story is a psych ward case study. When will the tell alls of his playboy exploits come to print? Where are the shareholder complaints, the details of the board of directors silence. Realize that every executive in that company needs to be replaced. D&O insurance is going to get tapped when that board gets thrown out. One bit of great news, Mayo is done, can't go anywhere else or break any body else's piggy bank. Sad that it had to be in such a nice town as Baltimore.

When will the board of Constellation wake up to what many local observers already know? BTW, aren't these natural gas plants in new england the same plants Consellation sold a couple of years ago? Now we need to sell coal plants, maybe to EDF to raise money to buy them back (if the are the same plants)? When natural gas goes back up what will Constellation do with the plants? Sell them at a loss again? CEG needs a long term strategy beyond raising cash to pay upper management bonuses.

Isn't Mad Money supposed to be a Wall Street investment show? How come then, Cramer and Hancock both ignore the fact that almost every Wall Street analyst and investor has been BEGGING Constellation to end its flirtation with new nuclear plants and sell a bunch of aging power plants to EDF for A LOT MORE than they're now worth? I'm sorry, but since when did our business media start ignoring sound business advice?

I'm trying to understand if there is a "B Team" rationale for what he has done?

Anyone?

B Team Rationale

Might be the only diversion available. Earnings are in trouble. Next year's earnings promise to be worse. Nuclear fleet is reeling from problems, NRC is all over them, costly. Management can't control it, no depth on the bench. Bench is overpaid. Nucs in trouble, coal fleet not making much money, trading games are, well, games, Mayo is twiddling his thumbs without a clue. New nuc looks bad, whole thing is a mess. So the rationale is 'create a crisis effect a change'. Mayo is not planning to restructure this puppy to create a well run company, it is in play, break it up, merge it, sell it, do something, but Mayo needs a smoke screen to pad his pockets. Not hard to figure, EDF's half on the nuc fleet will go to Exelon or Entergy, Unistar is dumped, the 'put' option with EDF is defeated in court, at that point, Mayo's dream of merging the remainder fails, the board is reshuffled, Mayo is fired, with new golden parachute, part of put option settlement....remember the old one was deleted.....Molly divorce's Mayo and remarries a EDF executive, lives happily ever after in south of France.......oh, save the last part for the movie. After the dust settles, Constellation trading business goes away, non core assets disposed and it goes back to being a sleepy little utility called Baltimore Gas & Electric.

Bravo, Pavel, bravo.

I am just glad I don't own any of this stock. Lining Mayo Shattuck's pockets with more money is not something I want to do. He has so much money already - but probably not enough to satisfy his avaricious, self-indulged egotistical self. And his wife Molly? Oh boy there's a story there....

What do you expect from CEG when they brougt so many ex-Enron managers on board at various levels? Do you really think the morality of those people improved when they flew east to start picking up their big paychecks?

Assnap Kined