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Monday, September 22, 2008

Only in MD do they get away with this

Marylanders just had at least 2 huge rate increases, yet that money did not pay for any additional power generation that would lower our prices. Instead, it seems to be going toward CEO Mayo Shattuck's pockets.

Were the rate increases to pay for his "golden parachute?" And why is there no outrage? Why is this not a scandal? Why are the Feds not looking into this?

wjz.com - Constellation's CEO Could Get $47 Million:
"Constellation CEO Mayo Shattuck would get a payout of $47.6 million. He would get more than $16 million from the company to pay taxes on that money."

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