CEG Constellation Energy Grp. Common Stock

Grants Aimed to Bolster Educational Programs BALTIMORE, Oct. 20 /PRNewswire-FirstCall/ -- Constellation Energy (NYSE:CEG) today announced the donation of $67,500 for the benefit of four educational organizations - the Fund for Educational Excellence, Teach for America, the Maryland Business Roundtable for Education and the Independent College Fund of Maryland. The grants are illustrative of Constellation Energy's long-standing philanthropic commitment to community partnerships which address education in Central Maryland. "A quality education is critically important for today's youth in that it provides them with the necessary tools for future success," said Mayo A. Shattuck III, chairman, president and chief executive officer of Constellation Energy. "To that end, Constellation Energy remains strongly committed to supporting Maryland's teachers, students and institutions of learning in helping ensure a quality education for all." These most recent Constellation Energy grants include: $20,000 for the Fund for Educational Excellence, which focuses on expanding educational opportunities and improving the performance of Baltimore City school students; $7,500 for Teach for America, which places outstanding recent college graduates as teachers in low-income urban areas; $20,000 for the Maryland Business Roundtable for Education, which supports the reform of systems and processes affecting student success in elementary and secondary schools; and $20,000 for the Independent College Fund of Maryland, which includes the Urban Scholars program that provides annual college scholarships for students from Baltimore City throughout four years to increase access to higher education. Constellation Energy's on-going involvement with education and community outreach initiatives includes teaching and mentoring programs at several Baltimore City public schools. The company also administers a matching gifts program designed to encourage Constellation Energy employees to financially support colleges and universities. 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: Jamie Crumpler 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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