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BGE/Constellation Energy execs get bonuses

page: 1

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posted on Mar, 20 2009 @ 10:32 AM
While doing hundreds of layoffs, and hiking the energy rates again.

millions go to execs

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

Our power bills are insane as it is.

Under the purchase agreement between Constellation and EDF, the French utility has agreed to pay up to $19 million in performance awards covering 2007-2009 and up to $13 million for 2008-2010.

gotta love it.


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