Constellation Energy Named Leading Global Energy Company by Platts
December 05 2005 - 12:42PM
PR Newswire (US)
Company ranked No. 2 independent power producer BALTIMORE, Dec. 5
/PRNewswire-FirstCall/ -- Constellation Energy (NYSE:CEG) today
announced that it has been named a Platts 250 Global Energy Company
for 2005, earning a position as the No. 2 independent power
producer worldwide and ranking No. 78 in overall global
performance. The rankings are based on a comprehensive assessment
of energy companies' financial performance, including asset worth,
revenues, profits and return on invested capital. "Through the
relentless execution of our business strategy and the hard work of
our nearly 10,000 dedicated employees, Constellation Energy
continues to distinguish itself as a consistently strong financial
performer," said Mayo A. Shattuck III, chairman, president and
chief executive officer of Constellation Energy. "Since the new
management team came together in 2001, our revenue has more than
tripled, our stock has appreciated almost 140 percent, and we've
ascended to the number one position in competitive energy supply to
commercial and industrial customers in North America. We are
extremely proud of these accomplishments and pleased to be
recognized by Platts as one of the top energy companies in the
world." Platts is the global energy information division of The
McGraw-Hill Companies and a leading source of energy news on the
oil, natural gas, electricity, nuclear power, coal, petrochemical
and metal markets. 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 of Constellation Energy,
+1-410-234-7433 Web site: http://www.constellation.com/ Company
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