Baltimore Gas and Electric Company consists primarily of generating, purchasing, and selling electricity and purchasing, transporting, and selling natural gas.
Industry:UTIL-ELEC PWR Sector: Utilities Fiscal Year End:December Last Reported Quarter:12/31/11 Next EPS Date:02/10/12
Capital Structure Solvency and Cash Flow
One firm expects the Company’s cash generation to improve materially going forward. It believes the Company will recognize $350.0 million in cash in FY10 and FY11 from the transfer of the under-water fossil contracts to the nuclear JV. Beginning in FY11, the Company is likely to receive $100.0 million annually in cash from the amortization of energy contracts. Finally, the Company will benefit from the expiration of its remaining under-water contracts.
Last edited Wed Jun 17, 2009 05:43 PM by RJha (Zacks Investment Research)
Governance Social Responsibility and Employee Relations
• Power Trading and Marketing: The Company’s longer-term growth strategy relies heavily on power marketing and trading results, a volatile and hard-to-project operation.
• Regulatory risk in Maryland: Despite a regulatory settlement, CEG faces acute regulatory problems in Maryland.
• Changes in the Prices of Commodities: The Company is exposed to the market fluctuations in the price and transportation costs of electricity, natural gas, coal, uranium and other commodities, which impact the liquidity requirements.
• Increasing Prices: Rising coal and nuclear fuel prices may affect the Company’s profitability.
Last edited Tue Mar 31, 2009 02:50 PM by RJha (Zacks Investment Research)
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Last Modification: Thursday 03 of June, 2010 06:30:50 CDT by WikiMigrationBot.
