O'Malley vs. Constellation: Video blast reminiscent of campaign ads
In his latest offensive against Constellation Energy Group, Gov. Martin O’Malley has recorded a video message that was blasted via e-mail to tens of thousands of constituents and posted on his official Web site. The governor declares in the video: “We did not go looking for this fight.”
But he and the company have been at loggerheads for years. His video message evokes the Democrat’s campaign commercials from three years ago when he pledged to fight steep electricity rate increases by Constellation’s Baltimore Gas & Electric Co. Only this time the issue is a bit more nuanced.
See: http://www.governor.maryland.gov/pressreleases/090617video.asp
This latest dust-up is related to Constellation’s proposal to sell half its nuclear assets to a French utility, Electricite de France. The state’s top energy regulator has asserted jurisdiction and begun hearings to determine if the deal is in the public’s interest. Constellation has cried foul, arguing that the intervention goes against an agreement it struck with state officials last year.
Meanwhile, O’Malley is trying to broker a settlement with Constellation and has taken particular aim at CEO Mayo A. Shattuck III’s employment contract that includes an $87 million golden parachute. While O’Malley calls the potential payout “outrageous,” Constellation has insisted it wouldn’t be triggered by the EDF deal and may never be paid out.
O’Malley was unable to stop the rate increases. The winner of this round remains to be seen.










Comments
yes! finally Constellation is in trouble. O'Malley is carrying out his campaign promise to fight energy regulators who charge waaaaay to much..
thanks Gov.
Posted by: Robert Jibal | June 18, 2009 4:38 PM
@ Robert
so true! finally some sense down there at the gov's place! cant wait to see that electric bill decrease
GO O'MALLEY! YOU ROCK!
Posted by: Sarah Banner | June 18, 2009 4:45 PM
87 million dollars for a CEO payout, that’s disgusting. All these lousy execs. are gettin these golden parachutes. Ugh. I’m glad that Governor O’Malley has the guts to challenge Constellation.
Why can’t that 87 million dollars go into rate relief???? Go get them PSC
Posted by: mdfarmer | June 18, 2009 4:58 PM
As per the norm in Maryland the lemmings flock to OMalley!
Yeah Governor.
You rock.
Give me a break!
He lied in 2006 to get elected and now to get reelected he is doing the same BS now. Ehrlich at least was honest and admitted we could not stop this increase. Let me ask who deregulated electricity in 1999?
Answer the Democrats in Annapolis.
Those are the ones responsible for this mess. Thank you Mike Miller. And now OMalley's inane cap and trade just adds to the cost of power.
When will the people of this state wake up? One party rule is destroying Maryland. Just take a look at the mess known as Baltimore city to see the proof.
Posted by: jay | June 18, 2009 4:59 PM
O'Malley LIED and the people CRIED at the 87% INCREASE in their electric bills!
Where are ANY of the jobs you promised Gov? How about those thousands of "green" jobs? You know. The hundreds at BP SOLAR in Frederick you FAILED to SAVE!
Posted by: Fed Up | June 19, 2009 11:07 AM
As Jay said, "Just take a look at the mess known as Baltimore city to see the proof."
WaldO'Malley keeps talking about what HE inherited. what about what YOU left the next corrupt Mayor?
Posted by: Fed Up | June 19, 2009 11:10 AM
The last thing Maryland taxpayers need in today's economy is a risky business deal negotiated behind closed doors.
I'm glad the state is trying to make sure the deal won't make my electric bill go even higher.
Posted by: sue | June 19, 2009 1:27 PM
@jay
Gov. Ehrlich was such great governor to leave this state in a 2 billion dollar deficit when he left! College tuition costs rose to wonderful levels!
now u need to give me a break..
the dems got Bob's mess and now they are doing what they do best: getting things done for real people not powerful execs. (like at BGE)
Posted by: Bob Corner | June 19, 2009 2:48 PM
Thank you O'Malley. I don't trust any business that would give their CEO an 87 million dollar bonus to conduct a private business deal in the public interest.
Posted by: Diane K. | June 19, 2009 2:57 PM
sue said "I'm glad the state is trying to make sure the deal won't make my electric bill go even higher. "
IT WAS THOSE SAME PEOPLE sue WHO GOT US IN THE MESS WE ARE IN WITH THE 1999 SCAM! WAKE UP!!!
If they screwed it up then whats credibility do they have to "fix" it"?
Posted by: Fed Up | June 19, 2009 3:34 PM
Bob says "the dems got Bob's mess"
Ehrlich DID NOTHING without the approval of the DEMOCRAT controlled GA!! DUHHHHH!
What did Glendenning leave Ehrlich?
Posted by: Anonymous | June 19, 2009 3:37 PM
Bob Corner-
Ehrlich left 1.1 billion dollars in the rainy day fund that your hero Governor Martin OMalley spent in his first budget. Then he raised taxes to fix our structural defecit (unfunded mandate known as Thornton). Now with slots so royally screwed up
thanks to your boys in Annapolis we get speed cameras passed as a substitite revunue source. Check your facts man before you lob grenades. OMalley is out for himself to get reelected do you really think he gives a dam about you?
Posted by: jay | June 19, 2009 3:48 PM
@ jay
well 1st of all..
Maryland's tax system was outdated and needed revision. A progressive tax system was put in place. MOST states have this system.
The sales tax was raised one percent. It now is either equal or less than MOST states in the country
Maryland ranks in the top 5 year after year for being the most prosperous! guess whose been in charge in the state house? democrats. there have been ups and downs. If there is a prob(like bob's mess) they get it fixed
slots were beloved by Ehrlich. Just like so many more times before.. it took a democrat to get it passed and done.
Posted by: Bob Corner | June 22, 2009 8:51 AM
Bob I see that you have you blinders on my friend. The sales tax went up 20 percent Bob not one percent. Your Democrats were playing politics with slots unable to give a Reuplican governor the victory on them. Obstructionist politics by your Democrats is why slots did not pass during the Ehrlich era. A prosperous state as thus justifies us being one of the highest taxed states in the USA. Oh boy! Joy. How many people have fled this state to escape the tax burden? Your progressive state even taxes retirement benefits. I know of a lot of people who when they retire will leave this state to escape it's tax burdens Name me Democratic accomplishments in this state. Yes they have been in charge.Your progressive tax rate does drive those who can afford to out of this state thus driving down taxable income. Your estate tax in this state also does the same. All democratic policies my friend. But what has those policies done for Baltimore city for example. Using your rationale since Baltimore is one of the most dangerous cities in the country that has to be the fault of your Democratic party-right Bob. Name me Democratic accomplishments in the city! I am an Independent voter but I plan to regester as a Democrat so I can vote every Democratic incumbent out of office. Please respond Bob-thanks.
Posted by: jay | June 22, 2009 10:25 AM
Bob Corner says "The sales tax was raised one percent."
A product of government schools no doubt!!!!
5% tax to 6% tax is a 20% INCREASE Bob!
DUHHHH
Posted by: Fed Up | June 22, 2009 12:56 PM
Bob,
I don't recall anyone making the excuse that MD's tax system was "outdated". It was already progressive. Nor did anyone argue that the sales tax was too low. and, as most people know, it is REGRESSIVE. Now it is more so. Kind of contradictory, if you think about it. And you are right, slots were loved by Erhlich and Miller, but hated by Busch and O'Malley. And I guess it did take Democrats to get something passed in MD, since they control our government, but in the meantime, the race tracks are bordering on, if not in, bankruptcy, and the slots process has come to a grinding halt. And you can't blame Republicans for that.
Posted by: Paul | June 22, 2009 6:13 PM
I am glad that Constellation will no longer be my electric company. BGE was a strain on me and many in this area. This French company will do some good. We must prevent the CEO from jumping from the corporate plane with a golden parachute though. I commend those who are trying to do doing just that.
Posted by: Ben | June 29, 2009 11:45 AM
I don't see any logical criticism of O Malley's attempts to have open hearings about the Constellation deal which I think is the biggest issue here. If this company is going to make a lot of money from Maryland's taxpayers, its only fair to us for the proceedings to be public.
Posted by: Anna | June 29, 2009 12:01 PM
The democratic government is right for stepping in on this deal. I mean really....a possible $87 million payout to CEO. That can't help our pockets.
Posted by: James | June 29, 2009 1:09 PM
I thank Mr. O'Malley and the PSC for confronting the awful BGE energy prices.
It baffles me that someone who has cheated so many people can get a big bucket of cash.......87 million........ ugh
Posted by: westmarylander | June 29, 2009 2:38 PM
Imagine how much lower our monthly bills might be if constellation doesn't give away 87 million
Posted by: colleen s | June 29, 2009 3:01 PM
@ colleen s
so true!
o'malley wasn't able to stop the rate increases, but he is going to stop BGE from controlling your energy and preventing CEOs from getting golden parachutes...
thanks for fighting corporate greed!
Posted by: mary from rockville | June 29, 2009 4:24 PM
Go O'Malley!!!! Take on the big companies and watch out for your constituents!!!
Posted by: Melissa | June 29, 2009 4:42 PM
First check your Facts.
1. Constellation does Loses money year over year on BGE.
2. The state brokered the EDF (French Company) deal. Then looking at a difficult reelection and no federal appointment MOM makes the Populist grab at BGE
3. Mayo A. Shattuck's 87 million does not come from this deal it was a condition of him becoming the CEO years ago.
4. If Constellation Leaves MD or even Baltimore City the Economic destruction on this "Prosperous" State would be total.
5. The Majority of Maryland residents work for Government in some form or collect a check from Government. Why would they argue with the screws going into a Stock holders company?
Posted by: Don | July 6, 2009 9:29 PM