Exhibit 10 (e)
                                     Summary
                              Severance Arrangement
                          For A Named Executive Officer


         Edward A. Crooke will take an early  retirement in connection  with the
displacement  from his  position  as  Chairman,  President  and Chief  Executive
Officer of  Constellation  Enterprises,  Inc.  (CEI)  because  of the  corporate
restructuring  and  elimination of CEI. As a result of his  displacement  and in
recognition of the significant  contributions  he has made to the success of the
company  during  his 31 plus  years  of  service,  the  Board  of  Directors  of
Constellation  Energy  Group,  Inc.  approved a severance  package  that will be
effective  when he  retires on January 1,  2000.  His  severance  benefits  will
include a lump sum  severance  payment equal to two times the total of (1) final
annual  base  salary,  and  (2) the  average  of the two  highest  annual  bonus
percentages  earned  during the  preceding  five years  multiplied  by the prior
year's final  annual  salary,  which lump sum payment  based on prior year bonus
percentages is estimated to total  approximately  $1.3 million.  Mr. Crooke will
also be entitled  to a pension  benefit  computed  without  reduction  for early
receipt and a prorata payout of any earned  performance-based  restricted  stock
award for the 1998-2000 and 1999-2001  performance periods. He will also receive
an $8,817 lump sum payment to use toward the cost of health coverage.