Constellation

Exelon Corp. unit Constellation has agreed to acquire the retail power and natural gas business of ConEdison Solutions, which is a subsidiary of Consolidated Edison Inc.

Call it an example of Goliath giving David a helping hand.

The Lewek Constellation, a subsea construction vessel performing work for Noble Energy Inc. in the deepwater Gulf of Mexico (GOM), said it has set an industry pipelay record in 7,368 feet of water.

The Lewek Constellation, a subsea construction vessel performing work for Noble Energy Inc. in the deepwater Gulf of Mexico, said it has set an industry pipelay record in 7,368 feet of water.

Williams Partners LP has placed the first phase of its Transco pipeline 85 North expansion into service, providing 90,000 Dth/d to fuel Constellation Energy’s new 740 MW power plant in Tallapoosa County, AL. Phase II of the project will increase the pipeline’s capacity by an additional 218,500 Dth/d by summer 2011, serving new and existing power generating facilities in North Carolina. Phase I of the project required adding 17,900 hp at two compressor facilities in Alabama. Phase II will require the addition of approximately 22 miles of 42-inch diameter pipeline in Alabama, South Carolina and North Carolina, as well as a new 20,500 hp compressor facility in South Carolina and modifications to several existing compressor stations. The total cost of the project is about $241 million.

More than 76 Bcf of natural gas, or 240,000 MMBtu/d, was sold to four companies — Constellation Energy Commodities Group Inc., Oneok Energy Services Co., Sempra Energy Trading and Shell Energy North America — in a federal Royalty in Kind (RIK) onshore gas sale conducted in early October by the Department of the Interior’s Minerals Management Service (MMS). Eleven companies submitted 75 bids for RIK gas located on federal lands in the Jonah-Pinedale area in western Wyoming. The gas was sold under five- or 12-month contracts, with delivery scheduled to begin on Nov.1. If current natural gas prices in the area were to remain at $5/MMBtu, the sale would equate to more than $384 million in total gross revenues, MMS stated. Wyoming will receive nearly 50% of the revenues generated by the sale of gas from federal lands in the state.

Citing the mild hurricane season, increased U.S. natural gas production and its “proactive procurement” program, Baltimore Gas and Electric Co. (BGE), a utility subsidiary of Constellation Energy, announced last week that its residential customers can anticipate a 15% decrease from last winter in the gas portion of their total bill during the upcoming winter heating season, which begins Nov. 1, 2006 and runs through March 31, 2007.

Citing the mild hurricane season, increased U.S. natural gas production and its “proactive procurement” program, Baltimore Gas and Electric Co. (BGE), a utility subsidiary of Constellation Energy, announced Tuesday that its residential customers can anticipate a 15% decrease from last winter in the gas portion of their total bill during the upcoming winter heating season, which begins Nov. 1, 2006 and runs through March 31, 2007.

Orion Power Holdings Inc., jointly owned by affiliates ofGoldman, Sachs & Co. and Constellation Energy, bought theAstoria Generating Station, Gowanus Gas Turbine and Narrows GasTurbine facilities from Consolidated Edison Co. of New York forabout $550 million.