By Jamie Smith Hopkins, The Baltimore Sun
4:17 PM EDT, August 6, 2012
Exelon Corp. cut about 170 jobs in Maryland earlier this summer, just over half through layoffs and the rest through voluntary buyouts, the energy company said Monday.
Exelon — which acquired Baltimore-based Constellation Energy Group in March — said it also has moved jobs from Pennsylvania to Maryland, characterizing the number as enough to largely offset the cuts.
Exelon said the reductions were made on June 22, with none of the layoffs occurring at Baltimore Gas and Electric Co. The company promised a two-year freeze on BGE layoffs as part of the merger.
Spokesman Paul Adams said in a statement that "the jobs impact is expected to be increasingly positive over the long term" because Exelon named Baltimore the headquarters of its "growth engines" — retail and wholesale power sales as well as renewable development businesses.
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