Spin out

Two state senators recommend spinoff of BGE

A top Exelon Corp. executive said Thursday that separating Baltimore Gas and Electric Co. from parent Constellation Energy Group would be a "deal breaker" for the proposed $7.9 billion merger between the two energy giants.

Exelon Chief Operating Officer Christopher M. Crane's remark came after two Maryland senators called on state energy regulators to order the spinoff of BGE into an independent, publicly traded company as a condition of merger approval.

In a letter sent Thursday to the Maryland Public Service Commission — which has the power to veto the deal — Sens. E.J. Pipkin and Jim Rosapepe said their proposal would keep BGE locally based and controlled...