EU approves MidAmerican deal to buy Constellation
Baltimore Business Journal
November 24, 2008
MidAmerican Energy Holdings Co. has been given European Union antitrust approval to purchase the largest U.S power marketing company. MidAmerican is owned by Warren Buffett's Berkshire Hathaway (NYSE: BRK.A, BRK.B).
The deal is worth about $4.7 billion. MidAmerican will get Baltimore-based Constellation's Baltimore Gas and Electric unit along with three nuclear plants and other power stations in 10 states. Iowa-based MidAmerican needed EU approval to move forward because it operates utilities in the UK.
The proposed union between Constellation and MidAmerican could take nearly a year to close and would need the approval of federal and state regulators and company shareholders.
Constellation Energy & Mayo A. Shattuck III:
CEO: Mayo A. Shattuck III
Address: 750 E. Pratt St., Baltimore, MD 21202
CIA & 9/11 Inside Trades with Mayo
The strange case of Mayo Shattuck III, head of the A.B. Brown unit of Deutsche bank
1999. Bankers Trust merged with Deutsche Bank and Shattuck became Chairman of Deutsche Banc Alex. Brown. While there Mayo Shattuck was also CEO of the Americas for the bank's Private Client and Asset Management Group and had numerous responsibilities at the bank, including Global Head of Investment Banking and Global Head of Private Banking.
Head of the bank resigned under suspicious circumstances:
September 15, 2001. The New York Times reported that Mayo Shattuck III had resigned on September 12, 'effective immediately', from a 3-year $30 million contract as head of the Alex (A.B) Brown unit of Deutsche Bank.
Krongard with Mayo: "By 1991 he became president and chief operating officer at Alex. Brown, second to future CIA Executive Director A. B. "Buzzy" Krongard."
Mayo's Resignation on September 12, 2001
"The New York Times reported that Shattuck had resigned on September 12, 'effective immediately', from a 3-year $30 million contract as head of the Deutsche Bank Alex. Brown. Shattuck found a new job quickly: by October 26, he would be appointed President and CEO of Constellation Energy Group, and was elected Chairman of the Board in July 2002."
In 1997, Mayo Shattuck was made trustee of the Seagram Company, Ltd.
Shattuck has several other notable past and current affiliations, including directorships at Gap, Inc and Capital One, positions on several lobbying and policy advocacy organizations (including the Edison Electric Institute, the Nuclear Energy Institute and the Institute of Nuclear Power Operations), board memerships at several educational institutions (Johns Hopkins, Stanford and the University of Maryland), and at The Walters Art Museum.
He was also a candidate to take over as NFL commissioner after Paul Tagliabue's retirement, but Roger Goodell won the job.
Deutsche Bank is also one of the four banks most used by the bin Laden family.