Constellation Energy Declares Dividend on BGE Preferred Stock BALTIMORE, March 2 /PRNewswire-FirstCall/ -- Constellation Energy (NYSE:CEG) today announced that Baltimore Gas and Electric Company (BGE) declared quarterly dividends at the specified rates for all of its outstanding preference stock, payable April 1, 2005, to holders of record at the close of business on March 10, 2005. Constellation Energy (http://www.constellation.com/), a Fortune 200 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, totaling approximately 12,500 megawatts of generating capacity. The company delivers electricity and natural gas through the Baltimore Gas and Electric Company (BGE), its regulated utility in Central Maryland. In 2004, the combined revenues of the integrated energy company totaled $12.5 billion. DATASOURCE: Constellation Energy CONTACT: Rob Gould (media), +1-410-234-7433, or Kevin Hadlock (investors), +1-410-783-3647, both of Constellation Energy Web site: http://www.constellation.com/ Company News On-Call: http://www.prnewswire.com/comp/084087.html

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