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Constellation Shareholders Against Proposed Pay

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Constellation Energy is a leading supplier of energy products and services to wholesale and retail electric and natural gas customers. It is headquartered in Baltimore. The company ranked 149 on Fortune 500 lists and made $ 15,598.8 million in revenue in 2010, according to CNNMoney.com.

Constellation Energy is a leading supplier of energy products and services to wholesale and retail electric and natural gas customers. It is headquartered in Baltimore. The company ranked 149 on Fortune 500 lists and made $ 15,598.8 million in revenue in 2010, according to CNNMoney.com.

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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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