Constellation ?in business to make a profit?

In continuing hearings before the Public Service Commission, an executive for Constellation Energy told the five-member panel that his company was in business to make profits for its shareholders, not cost-savings for Maryland consumers. Constellation supplies Baltimore Gas and Electric Co. with its energy needs, much like a network server provides individual computers.

“We have an obligation to increase profits [for our shareholders],” said John Collins, vice president and chief risk management officer for Constellation Energy Inc., in response to questions by PSC chairman Steven Larsen.