CEG Constellation Energy Grp. Common Stock

BALTIMORE, Nov. 7 /PRNewswire-FirstCall/ -- Constellation Energy (NYSE:CEG) today announced that its subsidiary, Constellation NewEnergy, has been awarded an $18 million contract to supply electricity to the Frederick County government and a number of surrounding public institutions. The 31-month contract, which totals 36 megawatts, covers government entities participating in the Frederick Area Cooperative, including Garret College, Frederick County Public Schools, Carroll County Board of Education, Frederick County, Frederick Community College and City of Cumberland. "We're very pleased we were able to meet the diverse needs of members of the Frederick Area Cooperative," said Ken Chodnicki, vice president of the Mid-Atlantic region for Constellation NewEnergy. "We pride ourselves on offering the best reporting, billing and management tools in the industry and these are especially important for government officials managing energy usage." "Frederick County Public Schools expects to contain escalating costs, and to realize significant savings over default prices, as a result of this agreement with our energy partner Constellation NewEnergy," said Lisa Freeman, purchasing manager for Frederick County Public Schools, who represents the organization in the Cooperative's discussions. Constellation NewEnergy (http://www.newenergy.com/), a member of Constellation Energy (NYSE:CEG), is a leading competitive supplier of electricity, natural gas and energy related services to commercial and industrial customers throughout North America. Constellation NewEnergy operates in all competitive energy markets throughout Canada and the United States, providing products that enable customers to effectively manage and control energy costs. Constellation NewEnergy's regional expertise, coupled with its national presence, provides customers with customized energy products and services while leveraging the assets of one of the strongest integrated energy companies in North America. Constellation NewEnergy, based in Baltimore, serves more than 10,000 commercial and industrial customers throughout 31 states and 3 Canadian provinces representing more than 15,000 megawatts of peak load and more than 300 billion cubic feet of annual natural gas consumption. 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: Larry McDonnell of Constellation Energy, +1-410-234-7433 Web site: http://www.constellation.com/ http://www.newenergy.com/ Company News On-Call: http://www.prnewswire.com/comp/084087.html

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