Constellation’s CEO will waive $18M severance

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Baltimore Gas and Electric customers may get a small payday if Constellation Energy’s proposed sale goes through, but its top executive has agreed to waive his not-so-small one.

In a 170-page proxy statement filed late Friday with the Securities and Exchange Commission, Constellation provided details of the fast-paced discussion leading up to its acceptance last month of a $4.7 billion buyout by MidAmerican Energy Holdings Co.

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