Financial crisis strikes Baltimore energy giant

Published September 18, 2008 4:00am ET



The financial earthquake rocking Wall Street sent shockwaves through Maryland Wednesday, bringing Baltimore’s Constellation Energy Group to its knees.

Constellation, the parent of Baltimore Gas & Electric Co., said it’s in discussions with possible “strategic partners” as its shares plummeted on fears of the company’s liquidity and credit relationship with Lehman Brothers. Lehman, the nation’s fourth-largest investment bank, filed for bankruptcy on Monday.

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