Electric rate jolt coming
Thanks to a nearly six-year cap on residential prices, electricity in Maryland is the one source of energy that costs less today than it did early in the Clinton administration....
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Constellation, FPL unveil $11.5 billion merger plan
After Mayo A. Shattuck III and Lewis Hay III began meeting last spring to discuss a merger of the power companies they lead, they described their talks as "Project NASCAR."...
Energy firms to detail merger
Constellation Energy Group and Florida-based FPL Group Inc. are expected to announce today a more than $11 billion merger that will create a Fortune 100 energy giant with joint headquarters...
Few refineries damaged; price spikes unlikely
Hurricane Rita's late shift to the east spared all but a few Texas oil refineries from significant damage, likely sparing consumers a repeat of the gasoline price shocks that occurred...
Hurricane washes over U.S. economy
The port of New Orleans, the Mississippi River and critical railroads and highways that fan out from the Gulf Coast are the arteries of the U.S. economy, maintaining the flow...
Storm tightens U.S. oil supply
The record high gasoline prices reached just a week ago in Maryland and much of the nation might seem like a bargain compared with what many experts say could occur...
Roberts used to navigating business issues
In John G. Roberts Jr., many of the corporate chieftains who helped put President Bush in the White House see a Supreme Court nominee with whom they can do business....
Mutual-fund reform played role in deal
Neither was at the negotiating table, but New York Attorney General Eliot Spitzer and retiring Securities and Exchange Commission Chairman William H. Donaldson played a supporting role in Legg Mason...
Wanted: New life for closed auto manufacturing plant
For sale: Seventy-year-old manufacturing plant with 50 football fields of floor space on 182 potentially contaminated acres. Only one owner. Comes with easy access to a congested East Coast highway....
CEOs find that pay is now tied to results
At first glance, Nolan D. Archibald might seem like a perfect example for critics of runaway executive pay. The chief executive of Black & Decker Corp. pulled in a base...