CEG Constellation Energy Grp. Common Stock

BALTIMORE, Jan. 24 /PRNewswire-FirstCall/ -- Constellation Energy (NYSE:CEG) today announced that its subsidiary, Constellation NewEnergy, has named Joseph P. Zarella managing director of operations. Based in Baltimore, Zarella is responsible for leading Constellation NewEnergy's corporate operations strategy. (Photo: http://www.newscom.com/cgi-bin/prnh/20060124/PHTU034 ) "We are pleased to welcome Joe to the Constellation NewEnergy team," said Jon Moore, senior vice president and chief operating officer of Constellation NewEnergy. "His in-depth business and cross-functional expertise, as well as his experience leading large operations organizations through evolutionary times, will be valuable as we continue to expand NewEnergy's position as the No. 1 competitive energy supplier to business customers across North America." Zarella has more than 20 years of business experience, leading large, diverse, multi-location finance, customer service, IT and business operations organizations. Prior to joining Constellation NewEnergy, he was vice president of revenue operations for XO Communications for the past six years. Before joining XO, Joe was with MCI Communications for 10 years, serving as vice president of financial operations and holding several senior leadership positions. Prior to MCI, Zarella was with Wang Laboratories where he led the company's national customer service operations in Dallas. Zarella earned a bachelor's degree in information systems management from the University of Massachusetts and a master's degree in business administration from the University of Dallas. A resident of Great Falls, Va., he is a member of the advisory board of Focus Technology Consultants, Rockville, Md.; board member of CONFIDE Services, Inc., Reston, Va.; and a scholarship advisor for Austin Preparatory High School in Reading, Mass., which he attended. 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. First Call Analyst: FCMN Contact: http://www.newscom.com/cgi-bin/prnh/20060124/PHTU034 http://photoarchive.ap.org/ DATASOURCE: Constellation Energy CONTACT: Debra Beck of Constellation Energy, +1-410-234-7433 Web site: http://www.newenergy.com/ http://www.constellation.com/ Company News On-Call: http://www.prnewswire.com/comp/084087.html

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