United Way of Central Maryland distributed 3,600 Thanksgiving meal boxes this year, an increase over last year as the economic recovery passes some people by and others are struggling with cuts to food stamps.
Mayo A. Shattuck III, who helped sell two Baltimore institutions to out-of-state concerns and ran the region's energy firm for a volatile decade, has retired from the parent company of Baltimore Gas and Electric Co.
The CEO pay disclosed this year by the 20 largest publicly traded companies in the Baltimore region offers plenty of fodder — as it does every year — to steam the ranks of workers with paychecks that barely budge.
Mayo A. Shattuck IlI -- who successfully engineered the sale of Constellation Energy Group to Chicago-based Exelon Corp. – took in $17.3 million in total compensation last year, a nearly 11 percent increase from 2010.
Constellation Energy Group, which is selling itself to Exelon Corp., reported Friday a loss in the fourth quarter in what is expected to be the energy giant's last earnings release as a publicly traded Baltimore company.
Maryland energy regulators approved Constellation Energy Group's sale to Chicago-based Exelon Corp. Friday, but directed the companies to create a $113.5 million fund for customers of Baltimore Gas and Electric that would provide energy efficiency and low-income assistance and to meet other conditions.
Two Maryland senators called on state energy regulators Thursday to order the spinoff of Baltimore Gas and Electric as an independent, publicly traded company as a condition of approving the merger between BGE's parent Constellation Energy Group and Chicago-based Exelon Corp.
Rate rebates are nice, but the governor, people's counsel are right to make ensuring the sufficiency of Maryland's electric supply a central issue in the Public Service Commission's consideration of the merger.
A critic of Constellation Energy Group's proposed merger with Chicago-based Exelon Corp. wants the two companies to provide $810 million in incentives to Maryland ratepayers and other stakeholders as part of their deal.
Fourteen of the 19 companies in the Baltimore region that paid their CEOs at least $1 million last year reported increases in that compensation in 2010, according to a Baltimore Sun analysis. The increases largely reflected improved performance by the companies.
Constellation Energy Group CEO Mayo A. Shattuck III and other top executives of the Baltimore company are eligible to receive more than $36 million in cash severance and previously-owned incentive awards if the proposed merger with Chicago-based Exelon Corp. is successful.