Constellation Shareholders Against Proposed Pay

BALTIMORE (AP) — Shareholders of Constellation Energy Group have voted against proposed pay package for the chief executive and other top officials.

Friday’s vote at the annual shareholders’ meeting was advisory; Constellation’s board is not required to act on the result.

The company announced that it will acquire Houston-based StarTex for $142.5 million and MXEnergy of Connecticut for $175 million.

Constellation says the acquisitions are important to being competitive in the residential market.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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