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Md. should reject Constellation merger no matter what

Mergers, Acquisitions and TakeoversMartin O'MalleyMayo A. Shattuck IIIConstellation Energy GroupBaltimore Gas and Electric Co.

The sale (it's not a merger, really) of Constellation Energy Group and Baltimore Gas and Electric to Exelon is ill advised and misguided ("Sweeteners sought in energy merger," Sept. 21). It is to the detriment of Maryland customers. It is difficult for residents served by an in-state utility to have to deal with an out-of-state entity for service. This sale is a disadvantage for the people of Maryland and to the great advantage of the executives of BGE and Constellation.

We know Constellation CEO Mayo A. Shattuck III's payout will be extraordinary, as it was when he rid Maryland of Alex Brown. I agree with Gov. Martin O'Malley that the sale should not be approved — but I don't think even his suggested requirements, if met, should allow the sale.

Joy S., Baltimore

Copyright © 2014, The Baltimore Sun
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