Constellation Energy reported on Thursday it was working with Maryland political and regulatory leaders on a settlement of several legal and legislative issues that would include the company issuing $187 million in credits to customers.
The company said the settlement was possible on the passage of special legislation by the Maryland General Assembly during its session that ends on April 7.
Constellation Energy, headquartered in Baltimore, Maryland, generates, trades, supplies, and distributes energy. The company operates over 35 power plants in 11 states (mainly Maryland, Pennsylvania, New York, West Virginia, and California ) under its operating company Constellation Commodities Group and Constellation Generation Group.
Constellation Energy delivers electricity to 1.3 million customers and natural gas to over 600,000 customers in Central Maryland under its operating company Baltimore Gas & Electric. Constellation Energy provides essential home and light commercial products and services under its operating company BGE Home.
Constellation Energy serves more than 10,000 commercial and industrial customers throughout 31 states and 3 Canadian provinces representing more than 15,000 megawatts of peak load and nearly 300 billion cubic feet of annual natural gas consumption under its Constellation New Energy operating company. Constellation New Energy also supplies power to two-thirds of Fortune 100 companies.