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Wednesday, August 17, 2011

Exelon: Baltimore Will See 'Most Impactful' Job Cuts In Constellation Merger

The Baltimore headquarters of Constellation Energy Group, which agreed to sell itself to Chicago-based Exelon Corp., will see the "most impactful" job cuts related to the $7.9 billion deal, according to a top Exelon executive.

In a meeting with Exelon executives on Aug. 10, Exelon president and chief operating officer Christopher Crane said an undetermined number of cuts will affect legal, information technology, financial and other corporate positions, according to documents filed Tuesday with the Securities and Exchange Commission.

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