Warren Buffett buys Constellation Energy Group for $4.7 billion in cash
"MidAmerican has been a wonderful steward of its energy assets and the acquisition of Constellation Energy, when completed, will prove beneficial to all constituents," said Warren E. Buffett, chairman, Berkshire Hathaway.Constellation Energy - SourceWatch
Out of its total 9,614 MW of electric generating capacity in 2005 (0.90% of the U.S. total), Constellation produces 44.2% from nuclear, 28.3% from coal, 13.0% from oil, 8.7% from natural gas, 4.7% from hydroelectricity, 1.2% from biomass, 0.2% from geothermal, and 0.1% from solar [what about wind?]. Constellation owns power plants in California, Maryland, New York, Pennsylvania, and Utah; 59.1% of its generating capacity is in Maryland, and 25.2% is in New York.[3]
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