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MidAmerican Energy Holdings Company
Millions may go to executives at CEG

Constellation Energy Group, which narrowly avoided bankruptcy last year, negotiated a deal with France's largest utility ensuring senior managers would receive up to $32 million in long-term performance and retention incentives during the next two years. The move comes as the Baltimore company, which agreed to sell half of its nuclear power business to Electricite de France for $4.5 billion, has laid off hundreds of workers, slashed its stockholder dividend and is seeking rate increases for its BGE customers. If the deal closes, EDF has agreed to pay the difference between awards the managers earn based on meeting company performance goals and the long-term incentives for which...

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