Constellation Energy Named One of America's Fastest-Growing Companies by FORTUNE
August 30 2005 - 10:37AM
PR Newswire (US)
BALTIMORE, Aug. 30 /PRNewswire-FirstCall/ -- Constellation Energy
(NYSE:CEG) today announced that it has been named to FORTUNE
magazine's list of the 100 fastest-growing companies in America.
Constellation Energy ranked No. 67 on the 2005 roster, the first
time the company has appeared on the magazine's prestigious list.
To compute the rankings, FORTUNE uses data from Zacks Investment
Research and gives equal weight to growth in earnings per share,
revenue and total market return over a three-year period.
Constellation Energy earned its ranking with growth of 51 percent,
56 percent and 29 percent, respectively. "It's extremely rewarding
to see the results of a vision that was conceived and implemented
beginning in late 2001," said Mayo A. Shattuck III, chairman,
president and chief executive officer of Constellation Energy. "In
just a few years, we've transformed Constellation Energy into a
leading national player with growth rates well above the electric
utility industry average. This achievement is a testament to the
dedication of our nearly 10,000 employees who have worked
tirelessly to make us number one in both the competitive retail and
wholesale energy markets." Constellation Energy also appears on
four other FORTUNE lists, including America's Most Admired, Global
Most Admired, Fortune 500 and Global 500. The complete list of this
year's 100 fastest-growing companies can be seen in the Sept. 5
issue. Constellation Energy (http://www.constellation.com/), a
FORTUNE 200 company based in Baltimore, is the nation's largest
competitive supplier of electricity to large commercial and
industrial customers and the nation's largest wholesale power
seller. Constellation Energy also manages fuels and energy services
on behalf of energy intensive industries and utilities. It owns a
diversified fleet of more than 100 generating units located
throughout the United States, totaling approximately 12,000
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
or Angelique Rewers, both 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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