Rawlings-Blake: Constellation deal a "net gain" for Baltimore
Mayor Stephanie Rawlings-Blake said that the sale of Constellation Energy, the city's lone remaining Fortune 500 company, to a Chicago-based company represents a "net gain" for Baltimore.
"I had a great conversation with [Constellation Energy CEO Mayo Shattuck] and he assured me this would be a net gain for Baltimore," said Rawlings-Blake.
Rawlings-Blake said the deal, in which which Constellation is selling itself to Exelon for $7.9 billion in stocks, would result in a new building and new jobs in green energy in Baltimore.
Asked whether she was disturbed to see the city's last Fortune 500 company be sold, Rawlings-Blake said that was a "simplistic way to look at it."
"This will be an expanded company that maintains its presence Downtown," said Rawlings-Blake. "You could see the glass half full or half empty. I look at the glass half full and keep moving."