Constellation Energy Schedules Fourth Quarter Earnings Release and Conference Call for Friday, Jan. 28, 2005 BALTIMORE, Jan. 18 /PRNewswire-FirstCall/ -- Constellation Energy (NYSE:CEG) today announced that it will release its fourth quarter and full year 2004 earnings results on Friday, Jan. 28, 2005. The company will host a conference call at 8 a.m. (EST) that day to review these results and discuss its business outlook for 2005 and beyond. To participate, analysts, investors, media and the public in the U.S. may dial (800) 862-9098 shortly before 8 a.m. The international phone number is (785) 424-1051. The conference password is ENERGY. A replay of the call will be available for one week by calling (800) 938-2298 (U.S.) or (402) 220-1124 (international). A live audio webcast of the conference call, presentation slides and the earnings press release will be available at http://www.constellation.com/, on the Investor Relations home page. The call will also be recorded and archived on Constellation Energy's Web site. Constellation Energy, a Fortune 500 company based in Baltimore, is the nation's leading competitive supplier of electricity to large commercial and industrial customers and one of the nation's largest wholesale power sellers. Constellation Energy also manages fuels and energy services on behalf of energy intensive industries and utilities. It owns or co-owns 107 generating units at 35 locations in 11 states. The company delivers electricity and natural gas through the Baltimore Gas and Electric Company (BGE), its regulated utility in Central Maryland. In 2003, the combined revenues of the integrated energy company totaled $9.7 billion. DATASOURCE: Constellation Energy CONTACT: Media Line, +1-410-234-7433, or Media, Robert L. Gould, +1-410-234-7433, or Investors, Kevin W. Hadlock, +1-410-783-3647, all of Constellation Energy Web site: http://www.constellation.com/ Company News On-Call: http://www.prnewswire.com/comp/084087.html

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