Rochester, NY 7/10/2009 11:53:38 PM
Afternoon Results - CEG - Recession Takes its Toll on Constellation Energy Group of Baltimore - Sourced WhisperFromWallStreet.com
Constellation Energy Group, Inc.
Afternoon Results - CEG - Recession Takes its Toll on Constellation Energy Group of Baltimore - Sourced WhisperFromWallStreet.com
CONSTELLATION ENGY,CEG
27.07 Up 0.26 (0.97%) 12:46pm ET
The recession is taking its toll on some owners of nuclear power plants, including Constellation Energy Group of Baltimore. The U.S. Nuclear Regulatory Commission says the owners of 26 reactors nationwide - including four of the five owned by Constellation - don't have enough money set aside to permanently close, or decommission, those reactors. The cleanup costs can reach into the hundreds of millions of dollars. The recession and market declines caused the apparent funding shortfalls, said Maureen Brown, a Constellation spokeswoman. However, the company is confident that as the economy improves, the funds will be boosted to adequate levels, she said.
Last Trade: 26.99
Day's Range: 26.51 - 27.11
52wk Range: 13.00 - 85.53
Volume: 565,288
ABOUT
Constellation Energy Group, Inc., through its subsidiaries, supplies energy products and services in North America. The company operates in three segments: Merchant Energy, Regulated Electric, and Regulated Gas. The Merchant Energy segment owns, operates, and maintains fossil, nuclear, and renewable generating facilities, and holds interests in qualifying facilities and power projects. It also provides operation and maintenance services, including testing and start-up, to owners of electric generating facilities. In addition, this segment offers energy products and services to meet the load-serving obligations of wholesale and retail customers, including distribution utilities, co-operatives, aggregators, and commercial, industrial, and governmental customers. As of December 31, 2008, it had a total generation capacity of 9,136 megawatts. The Regulated Electric segment purchases, transmits, distributes, and sells electricity in central Maryland.
---
WhisperfromWallStreet.com has a proven track record in picking winning stocks. While neither we nor anyone can offer a guarantee, we scan countless stocks on a daily basis to seek out those that have the greatest opportunity for gain. When we find these stocks, we immediately send an alert to our membership. Please feel free to track our results by joining our newsletter free. So far in 2009 we have sent over 40 alerts to our members with an average gain of over 80%.
Join our stock alert service free.
If you're an investor and interested in knowing which penny stocks are getting ready to run, sign up for our penny alerts at http://whisperfromwallstreet.com/
During 2009 we have sent out over 40 stock alerts resulting in an over 80% price gain. Sign up now FREE to track our results.
---
Disclaimer: Full disclaimer at http://whisperfromwallstreet.com/disclaimer.php
IMPORTANT NOTE: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. This press release should not be construed as a solicitation to buy or sell any particular stock or security. Neither WhisperfromWallstreet, nor any of its affiliates are registered investment advisors or broker dealers.
