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Constellation executives eligible for $36 million in merger-related payouts

Constellation Energy Group Chief Executive Officer Mayo A. Shattuck III and other top executives of the Baltimore company are eligible to receive more than $36 million in cash severance and equity awards if a proposed merger with Chicago-based Exelon Corp. is successful. New details about potential payments to Constellation's 12 senior managers were revealed Monday in regulatory documents that also outlined how the merger between two competitors came together. The deal is subject to the approval of Exelon and Constellation shareholders as well as regulators, including the Maryland Public Service Commission, which is expected to hold a hearing Tuesday on the schedule for its review...

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