Constellation Energy Named Most Admired Energy Company in America by FORTUNE Magazine
March 03 2005 - 10:00AM
PR Newswire (US)
Constellation Energy Named Most Admired Energy Company in America
by FORTUNE Magazine BALTIMORE, March 3 /PRNewswire-FirstCall/ --
FORTUNE magazine has selected Constellation Energy (NYSE:CEG) as
the most admired energy company for its prestigious 2005 list of
"America's Most Admired Companies." "We are pleased to be
recognized by FORTUNE as the nation's most admired energy company,"
said Mayo A. Shattuck III, president, chairman and chief executive
officer of Constellation Energy. "Selection for this prestigious
list is an acknowledgment of the transformation that has taken
place at Constellation Energy during the past three years. It is
especially gratifying given that many of those polled are customers
and competitors of Constellation Energy. FORTUNE's ranking combined
with our strong financial results is yet another indicator that
Constellation Energy has built a unique and powerful business that
is well-positioned for the future." Constellation Energy earned its
top ranking after scoring high in several key areas including
innovation, employee talent, financial soundness, quality of
management, use of corporate assets, social responsibility,
long-term investment and quality of products and services. FORTUNE
and its survey partner, Hay Group, a global human resources and
organizational consulting firm, asked the top managers of 582
companies (the largest by revenues in key business sectors) to
judge their competition. In all, 10,000 executives, directors and
securities analysts rated the companies in their industry on eight
attributes. To determine the overall top 10 companies, voters were
asked to name the companies they most admire in any business from a
pool that included last year's top quartile of finishers plus the
top 2 of each industry list. Constellation Energy's placement as
the leading energy business comes on the heels of last year's jump
to No. 203 from No. 352 on FORTUNE's annual ranking of America's
500 leading companies. Constellation Energy's advance of 149 slots
was the greatest advance of any company on the 2004 list. In
December, Constellation Energy was designated global "Energy
Company of the Year" by Platts/BusinessWeek Insight magazine, a
division of The McGraw- Hill Companies, and the publisher of
several leading energy industry publications. 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:
Robert L. Gould of Constellation Energy, +1-410-234-7433 Web site:
http://www.constellation.com/ Company News On-Call:
http://www.prnewswire.com/comp/084087.html
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