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BGE’s CEO DeFontes retiring Feb. 28

After 42 years with the company Baltimore Gas & Electric Co. President and CEO Kenneth W. DeFontes Jr. will retire on Feb. 28.

DeFontes started his career with the company in 1972 as an associate engineer. During his time as CEO  he oversaw the  company’s implementation of the estimated $2.5 billion smart grid technology used to reduce electricity demands during peak hours.

“Ken led BGE through some times of great change for the energy industry, and his contributions have been extremely important to the company’s success,” Exelon Utilities CEO Denis O’Brien said in a news release.

Calvin G. Butler Jr., BGE’s senior vice president, will take over as CEO following DeFontes’ retirement.