SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No.____________)(1)
Orion Power Holdings, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
686286105
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(CUSIP Number)
December 31, 2001
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[_] Rule 13d-1(b)
[_] Rule 13d-1(c)
[X] Rule 13d-1(d)
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(1) The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
CUSIP No.686286105 13G Page 2 of 8 Pages
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Constellation Energy Group, Inc.
52-1964611
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Maryland
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 17,205,900(1)
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 17,205,900(1)
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH 0
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
17,205,900(1)
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
16.5%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*
CO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) Represents common stock held by wholly owned subsidiaries, Constellation
Holdings, Inc. and Constellation Real Estate, Inc. and includes warrant
for 705,900 shares held by Constellation Holdings, Inc. which is presently
exercisable.
CUSIP No.686286105 13G Page 3 of 8 Pages
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Constellation Holdings, Inc.*
52-1337857
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Maryland
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 0
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 10,705,900(1)
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 0
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH 10,705,900(1)
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,705,900(1)
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.3%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*
CO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) Includes warrant for 705,900 shares which is presently exercisable.
* Constellation Holdings, Inc. acquired these shares on December 21, 2001
from its affiliate Constellation Enterprises, Inc.
CUSIP No.686286105 13G Page 4 of 8 Pages
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Constellation Real Estate, Inc.*
52-1237835
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Maryland
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 0
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 6,500,000
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 0
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH 6,500,000
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,500,000
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.2%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*
CO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
* Constellation Real Estate, Inc. acquired these shares on December 21, 2001
from its affiliate Constellation Enterprises, Inc.
CUSIP No.686286105 13G Page 5 of 8 Pages
Item 1(a). Name of Issuer:
Orion Power Holdings, Inc.
____________________________________________________________________
Item 1(b). Address of Issuer's Principal Executive Offices:
7 East Redwood Street, 10th Floor
Baltimore, MD 21202
____________________________________________________________________
Item 2(a). Name of Person Filing:
Constellation Energy Group, Inc.
Constellation Holdings, Inc.
Constellation Real Estate, Inc.
____________________________________________________________________
Item 2(b). Address of Principal Business Office, or if None, Residence:
250 W. Pratt Street, Baltimore, MD 21201
____________________________________________________________________
Item 2(c). Citizenship:
Maryland
____________________________________________________________________
Item 2(d). Title of Class of Securities:
Common Stock
____________________________________________________________________
Item 2(e). CUSIP Number:
686286105
____________________________________________________________________
Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b)
or (c), Check Whether the Person Filing is a:
(a) [_] Broker or dealer registered under Section 15 of the Exchange Act.
(b) [_] Bank as defined in Section 3(a)(6) of the Exchange Act.
(c) [_] Insurance company as defined in Section 3(a)(19) of the Exchange
Act.
(d) [_] Investment company registered under Section 8 of the Investment
Company Act.
(e) [_] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
(f) [_] An employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F);
(g) [_] A parent holding company or control person in accordance with
Rule 13d-1(b)(1)(ii)(G);
(h) [_] A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act;
(i) [_] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act;
(j) [_] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
CUSIP No.686286105 13G Page 6 of 8 Pages
Item 4. Ownership.
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned:
see below
______________________________________________________________________
(b) Percent of class:
see below
______________________________________________________________________
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote_______________________,
(ii) Shared power to vote or to direct the vote_____________________,
(iii) Sole power to dispose or to direct the disposition of__________,
(iv) Shared power to dispose or to direct the disposition of________
Constellation Energy Group, Inc. beneficially owns through its
wholly owned subsidiaries 17,205,900 shares of common stock,
which includes a warrant for 705,900 shares which is presently
exercisable. This represents 16.5% of issuer's common stock.
Constellation Energy Group, Inc. has sole power to vote or to
direct the vote of 17,205,900 shares and sole power to dispose
or to direct the disposition of 17,205,900 shares.
Constellation Holdings, Inc. is a wholly owned subsidiary of
Constellation Energy Group, Inc. and owns 10,705,900 shares of
common stock, which includes a warrant for 705,900 shares which
is presently exercisable. This represents 10.3% of issuer's
common stock. Constellation Holdings, Inc. has shared power
to vote or to direct the vote of 10,705,900 shares and shared
power to dispose or to direct the disposition of 10,705,900
shares.
Constellation Real Estate, Inc. is an indirect wholly owned
subsidiary of Constellation Energy Group, Inc. and owns
6,500,000 shares of common stock. This represents 6.2% of
issuer's common stock. Constellation Real Estate, Inc. has
shared power to vote or to direct the vote of 6,500,000 shares,
and shared power to dispose or to direct the disposition of
6,500,000 shares.
_______________________________________________________________________
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities check the following [ ].
N/A
_______________________________________________________________________
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
Constellation Energy Group, Inc. is the beneficial owner of 16.5% of
Orion Power Holdings, Inc.'s common stock because its wholly owned
subsidiaries, Constellation Holdings, Inc. and Constellation Real
Estate, Inc. are the owners of 17,205,900 shares of common stock,
which included a warrant for 705,900 shares which is presently
exercisable.
_______________________________________________________________________
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company or Control
Person.
N/A
_______________________________________________________________________
Item 8. Identification and Classification of Members of the Group.
N/A
_______________________________________________________________________
CUSIP No.686286105 13G Page 7 of 8 Pages
Item 9. Notice of Dissolution of Group.
N/A
______________________________________________________________________
Item 10. Certifications.
(a) The following certification shall be included if the statement is
filed pursuant to Rule 13d-1(b):
"By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are held in
the ordinary course of business and were not acquired and not held for
the purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and are
not held in connection with or as a participant in any transaction
having such purpose or effect."
(b) The following certification shall be included if the statement is
filed pursuant to Rule 13d-1(c):
"By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not
held for the purpose of or with the effect of changing or influencing
the control of the issuer of the securities and were not acquired and
are not held in connection with or as a participant in any transaction
having such purpose or effect."
N/A
CUSIP No.686286105 13G Page 8 of 8 Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
2/12/02
----------------------------------------
(Date)
/s/ David A. Brune
----------------------------------------
(Signature)
David A. Brune/Vice President,
Secretary and General Counsel
Constellation Energy Group, Inc.
----------------------------------------
(Name/Title)
2/12/02
----------------------------------------
(Date)
/s/ Dan A. Skowronski
----------------------------------------
(Signature)
Dan A. Skowronski/Secretary
Constellation Holdings, Inc.
----------------------------------------
(Name/Title)
2/12/02
----------------------------------------
(Date)
/s/ Donna M. Levy
----------------------------------------
(Signature)
Donna M. Levy/Secretary
Constellation Real Estate, Inc.
----------------------------------------
(Name/Title)
Note. Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7 for other parties
for whom copies are to be sent.
Attention. Intentional misstatements or omissions of fact constitute federal
criminal violations (see 18 U.S.C. 1001).