CEG Constellation Energy Grp. Common Stock

BALTIMORE, Feb. 16 /PRNewswire-FirstCall/ -- Constellation Energy (NYSE:CEG) announced that its subsidiary, Constellation Energy Projects & Services Group (CEPS), has named John Schaffer vice president of operations, and Tim Hestle general manager of the Nashville District Energy System (DES). In his new role, Schaffer directs all of CEPS' operations, including build-own-operate projects, day-to-day management of energy services and multiple central plants. He also is responsible for the preparation and implementation of department budgets and long-term capital improvement projects. Prior to this appointment, Schaffer served as general manager of the DES. Having been with the DES since 2002, he has been responsible for managing the Thermal Plant and the successful start-up, transition and operations of the new system. He has more than 30 years of experience in the energy services field, including more than six years with CEPS. Prior to joining CEPS, Schaffer served in a similar role at Trigen Energy Corporation. He continues to be located in Nashville. Hestle has been with the DES for more than 20 years, serving in a number of capacities, including as general manager at the Thermal Plant. Most recently, he served as operations manager for the new DES. In his new position, Hestle is responsible for all aspects of the new DES, including day- to-day operations, system reliability and customer service. He reports to Schaffer in his new role. Schaffer and Hestle have worked together closely since August of 2002 when CEPS was asked to manage the former Thermal Plant in Nashville and to construct the city's new DES plant. The Nashville DES provides steam and chilled water to approximately 40 buildings in downtown Nashville, including the State Capitol and other government buildings; the NFL's Tennessee Titans stadium; the Gaylord Entertainment Center, home of the NHL Nashville Predators; and a number of privately owned office buildings and hotels. Constellation Energy Projects & Services Group is a full-service energy company, providing customized energy solutions to government, institutional and large commercial and industrial customers nationwide. The company's large array of products and services - including utility infrastructure outsourcing, energy consulting and energy projects - are all designed to increase energy efficiency, reliability, cost effectiveness and improve the customer's bottom line. CEPS is a member of Constellation Energy. Constellation Energy (http://www.constellation.com/), a FORTUNE 200 company with 2005 revenues of $17.1 billion, 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. First Call Analyst: FCMN Contact: DATASOURCE: Constellation Energy CONTACT: Debra Beck 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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