Chicago-based Exelon, which runs utility Commonwealth Edison, would receive final approval next month from state regulators for its proposed $7.9 billion takeover of Constellation Energy and subsidiary Baltimore Gas & Electric.
but also in the event of repeated violationsof state orders. The deal calls for Exelon to build 120 megawatts of naturalgas generation and 125 megawatts of renewable energy generation. If the latter is done with landbased windmills, the state’s onshore generation of wind power energy would double.
The arrangement also requires 30 megawatts of new solar generation, which would nearly double Maryland’s output. The solar facility is expected to be built near Baltimore, and the power plant will be required to be built east of Frederick, near the state’s greatest area of energy demand. Half of the power must be online by the end of 2015, and the other half within 10 years. This is wildly optimistic.
producing 20 percent of its energy from renewable sources within 10 years. But even with the help, the state will require a major infusion of renewable power from offshore wind or some other means to meet that mark.
Exelon also has promised to provide $30 million for an offshore wind development fund. (Wash Post, 12/16/2011)