In some editions Tuesday, the new position of George C. Creel at Baltimore Gas and Electric Co. was reported incorrectly. He will be acting chief operating officer.
The Sun regrets the error.
Baltimore Gas and Electric Co. yesterday announced a series of management changes, including the first senior executive to leave since the utility's September announcement of a pending merger with Potomac Electric Power Co.
George C. Creel, senior vice president of generation functions, will retire from BGE when the merger with PEPCO is complete. Under its current schedule, the merger into Constellation Energy Corp. should be completed by March 1997.
In the interim, Mr. Creel, 61, a 40-year veteran of the $8.1 billion utility, will become executive vice president and acting chief operating officer.
That move will allow BGE President and Chief Operating Officer Edward A. Crooke to shift duties to the merger. Mr. Crooke, who heads BGE's efforts on the joint utilities' transition team, will be chairman of Constellation Holding Inc., the umbrella group which oversees BGE's vast subsidiaries. He will retain his current title.
The management moves are the first in what is expected to be a wave of changes before the end of the year, when the two companies have said they hope to have the Constellation senior management team in place.
But BGE said yesterday that the changes were undertaken to maintain a focus on current operations while pursuing the merger.
"It has become clear that we are performing two extremely important tasks simultaneously," BGE Chairman Christian H. Poindexter said in a prepared statement. "Our biggest challenge is to devote the proper attention to both. These changes are designed to accomplish each task."
The combined BGE/PEPCO expects to reduce its employment base by more than 1,250 jobs after the merger, a 10 percent reduction that will help Constellation meet its stated goal of $1.3 billion in savings by 2007.
The employee eliminations also are slated to affect top management.
Last week, BGE disclosed in documents filed with the Securities and Exchange Commission that it has entered into severance agreements with 14 key executives who may be affected by the consolidation. In all, the severance packages are worth $8.7 million.
Mr. Creel's severance agreement, signed Dec. 6, has an estimated value of $832,000, the documents stated.
dTC In addition to the changes affecting Mr. Crooke and Mr. Creel, BGE also announced:
* Robert E. Denton has been tapped to replace Mr. Creel. Mr. Denton, 52, is vice president of nuclear energy and has spent 25 years with BGE.
* Charles H. Cruse will become vice president of nuclear energy. He is general manager of the utility's Calvert Cliffs nuclear power plant and a 24-year company veteran.
* Peter E. Katz will succeed Mr. Cruse. He is now manager of
nuclear engineering services and has spent 26 years with BGE.
* Peter G. Chabot will replace Mr. Katz. He is superintendent of technical support at Calvert Cliffs and has been with BGE since 1990.
All the changes will become effective Jan. 1.