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    Mar 4, 2011 |Story| Herald Mail

  1. O'Malley wants escape clause for offshore wind energy contracts

    The Associated Press
    Maryland must lock in the jobs and clean energy created by building offshore wind farms, but if that energy costs too much, ratepayers should have an escape clause, Gov. Martin O’Malley said Thursday. The Democratic governor lobbied members of...

    Tags: Elections, Government, Global Warming, Regional Authority, Economy, Business and Finance

    2. Mar 15, 2013 |Story| Baltimore Sun

  2. Former Constellation CEO Shattuck retires from Exelon — but remains on its board

    Mayo A. Shattuck III, who coordinated the sale of two Baltimore institutions to out-of-state concerns and ran the region's power company for a volatile decade, has retired from the parent of Baltimore Gas and Electric Co.
    Mayo A. Shattuck III, who coordinated the sale of two Baltimore institutions to out-of-state concerns and ran the region's power company for a volatile decade, has retired from the parent of Baltimore Gas and Electric Co. Chicago-based Exelon Corp. didn'...

    Tags: Pension and Welfare, Investment Service, Economy, Business and Finance, Banking, Exelon Corp.

    3. Oct 8, 2012 |Story| Baltimore Sun

  3. CEO compensation: Sometimes pay and performance go in opposite directions

    Fun (or possibly not-so-fun) factoid: Six of the CEOs running the Baltimore area's largest public companies saw their compensation soar last year even though profits shrank -- or the firms lost money.
    Fun (or possibly not-so-fun) factoid: Six of the CEOs running the Baltimore area's largest public companies saw their compensation soar last year even though profits shrank -- or the firms lost money. The smallest pay-package increase among those half-...

    Tags: Economy, Business and Finance, Exelon Corp., CEO Pay, Corporate Officers, Business Enterprises

    4. Oct 14, 2012 |Story| Baltimore Sun

  4. Maryland's wealthy dig deep to donate to super PACS

    There are big political contributors, and then there are BIG contributors. Count Baltimore trial lawyer and Orioles owner Peter Angelos among the latter.
    There are big political contributors, and then there are BIG contributors. Count Baltimore trial lawyer and Orioles owner Peter Angelos among the latter. Angelos has donated at least $1.22 million, mostly to super PACs backing Democrats, according to the...

    Tags: Elections, Marketing, Democratic Party, Marriott International Inc., Exelon Corp.

    5. Oct 7, 2012 |Story| Baltimore Sun

  5. CEO pay rises at most local public companies

    As pay raises go, it's hard to beat a fivefold increase.
    As pay raises go, it's hard to beat a fivefold increase. That's the jump Hunt Valley-based Omega Healthcare Investors' CEO saw in compensation last year. After getting a thumbs down for its executive pay from a shareholder advisory firm, the company told...

    Tags: Land Price, Pension and Welfare, Kevin Plank, Stock Market, Investment Service

    6. Jul 27, 2012 |Story| Baltimore Sun

  6. Higher BGE rates might be worth it

    Say this for Baltimore Gas & Electric Co., they have a curious sense of timing. Six years ago, they sought a 72 percent rate increase at the same time that their parent company was seeking approval for a merger — and in the middle of a gubernatorial election. That didn't go so well. Now the company is seeking a rate increase — albeit a much more modest one — just after hundreds of thousands of its customers were without power, some of them for more than a week, raising the ire of residents and politicians alike. The last thing those who were in the dark for several sweltering days likely want to hear is that they'll soon be paying more.
    Say this for Baltimore Gas & Electric Co., they have a curious sense of timing. Six years ago, they sought a 72 percent rate increase at the same time that their parent company was seeking approval for a merger — and in the middle of a gubernatorial...

    Tags: Civil and Public Service, Government, Executive Branch, Economy, Business and Finance, Politics

    7. Jul 11, 2012 |Story| Baltimore Sun

  7. A 10th circle of hell for BGE executives

    First, kudos to all those great utility crews from Maryland and other states and provinces. Your hard work and dedication under difficult circumstances are much appreciated by BGE customers. As for Kenneth DeFontes, Stephen Woerner, Christopher Burton,...

    Tags: Ellicott City

    8. Jul 12, 2012 |Story| Baltimore Sun

  8. Power outages a sign of the oligarchic times

    The extended power outages for Baltimore Gas and Electric customers are a symptom of the decline of this country. When I was growing up in the 1970s in Northern Virginia, we never lost power for a week. Not when we received two feet of snow. Not even...

    Tags: Tropical Storms, Baltimore Gas and Electric Co., Investments

    9. Feb 17, 2012 |Story| Baltimore Sun

  9. Maryland PSC approves Constellation sale to Exelon

    Maryland regulators approved Constellation Energy Group's sale to Chicago-based Exelon Corp. on Friday, setting the stage for Baltimore to lose its last Fortune 500 company to an out-of-state owner.
    Maryland regulators approved Constellation Energy Group's sale to Chicago-based Exelon Corp. on Friday, setting the stage for Baltimore to lose its last Fortune 500 company to an out-of-state owner. Exelon promptly accepted the terms imposed by the...

    Tags: Government, Regional Authority, Economy, Business and Finance, Exelon Corp., Consumers

    10. Mar 9, 2012 |Story| Baltimore Sun

  10. Feds approve Constellation-Exelon merger

    Constellation Energy Group and Exelon Corp. are expected to close their $7.9 billion merger Monday, after the deal cleared its final regulatory hurdle Friday.
    Constellation Energy Group and Exelon Corp. are expected to close their $7.9 billion merger Monday, after the deal cleared its final regulatory hurdle Friday. The approval by the Federal Energy Regulatory Commission ends an almost yearlong effort to...

    Tags: Mergers, Acquisitions and Takeovers, Anne Arundel County, Economy, Business and Finance, Exelon Corp., Energy

    11. Mar 14, 2012 |Story| Baltimore Sun

  11. Baltimore: America's biggest branch town

    The name "Constellation Energy" will still be around. The energy trading firm will still be doing much the same thing it ever has in a large, new building on Baltimore's waterfront. It will have somewhat fewer employees, but it will, at least for the next several years, maintain its status as one of the region's largest corporate philanthropists. And it's not as if Constellation was universally beloved around town anyway; despite its many contributions to the local economy and charitable scene, the company was often derided, as was its CEO, Mayo A. Shattuck III. So why should we mourn the sale of Baltimore's last Fortune 500 company to Chicago-based Exelon?
    The name "Constellation Energy" will still be around. The energy trading firm will still be doing much the same thing it ever has in a large, new building on Baltimore's waterfront. It will have somewhat fewer employees, but it will, at least for the next...

    Tags: Al Gore, Economy, Business and Finance, Seaboard Corporation, Energy, Hermosa

    12. Apr 27, 2012 |Story| Baltimore Sun

  12. Constellation CEO pay increases 11 percent last year

    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. Shattuck's base salary of $1.3...

    Tags: Exelon Corp., CEO Pay, Constellation Energy Group

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Mayo A. Shattuck III Photos
Exelon CEO Mayo Shattuck with children Spencer, Wyatt a...
(February 3, 2013)
Mayo Shattuck and children at the Super Bowl
Baltimore Mayor Stephanie Rawlings-Blake chats with Exe...
(February 2, 2013)
Stephanie Rawlings-Blake and Mayo Shattuck
Molly Shattuck, former Baltimore Ravens cheerleader and...
(January 6, 2013)
Molly Shattuck, Mayo Shattuck and children Spencer, Lillian and Wyatt
 » All 31 Mayo A. Shattuck III photos