Constellation Energy Group Inc. has sold its Houston-based downstream natural gas unit to Macquarie Group, the Baltimore-based company said this week, in part of an ongoing effort to reduce risk among its businesses and improve its liquidity.
Terms of the deal were not disclosed. The agreement is subject to standard terms and conditions and is expected to close in the second quarter.
“The pending sale of our downstream natural gas business and the recently announced divestiture of our international commodities business illustrate that we are making substantial progress in de-risking our business and rightsizing our merchant businesses in light of current economic conditions,” Constellation President, Chairman and Chief Executive Officer Mayo Shattuck said in a release.
Retirement Living TV launches on Comcast channel 175
Retirement Living TV has begun airing on Comcast Digital Cable channel 175 in the Baltimore market, the network said Thursday.
Based in Columbia, the network offers original programming focused on adults age 50 and older. Comcast reached a deal with the network last month to be shown in the Baltimore area, including Annapolis and Anne Arundel, Calvert, Carroll, Harford and Howard counties.
“Comcast’s addition of RLTV brings viewers in the Baltimore market the only cable network answering the needs of Americans 50+,” network General Manager Patrick Baldwin said in a statement. “Retirement Living TV has unmatched expertise in understanding and reaching this audience.”
– Compiled by Aaron Cahall
