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.
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