CEG Constellation Energy Grp. Common Stock

BALTIMORE, March 29 /PRNewswire-FirstCall/ -- Constellation Energy (NYSE:CEG) today announced that its subsidiary, Constellation NewEnergy, has signed power supply contracts with the New York State Olympic Regional Development Authority (ORDA). Under the agreements, Constellation NewEnergy will provide a Green-e certified ElectricGreen(R) product to the existing supply of six megawatts of peak load to Gore Mountain, and begin to supply eight megawatts of peak load to Whiteface Mountain, both facilities within the ORDA. Ten percent of the non-production related electric load for both locations will be supplied through Constellation NewEnergy's Green-e certified ElectricGreen(R) product. "Constellation NewEnergy is especially proud to provide the ElectricGreen(R) product to the New York State Olympic Regional Development Authority to supply its Olympic mountains with green energy," said Robert Weir, vice president for Constellation NewEnergy's New York Region. "We believe in our products and services, are dedicated to the offering of alternatives that promote a clean environment, and are equally committed to providing the best expertise and customer service possible." Constellation NewEnergy's ElectricGreen(R) product offers electricity supplied from low polluting sources, including wind, solar, hydro and biomass generating facilities. The benefits of using ElectricGreen(R) include the reduction of greenhouse gases and other fossil fuel byproducts that contribute to global warming. For example, the direct environmental impact of this partnership is the equivalent of removing 1,600 vehicles from the roads. It also promotes local economic development by using in-state resources and power plants, and increases American energy independence by reducing reliance on foreign energy sources. Furthermore, Constellation NewEnergy provides a customer with complete flexibility in determining the percentage of electricity usage supplied by ElectricGreen(R) - from 5 percent to 100 percent. A customer can enjoy the stability of a long-term, competitive fixed rate for electricity, or select the option to have 100 percent ElectricGreen(R) supplied on specific days or for special events. Whiteface Mountain, located in Wilmington, NY, is unique in American winter resorts - a place of unrivaled history and uncommon skiing and riding. Gore Mountain, located in North Creek, NY, now offers five new additions to the trail map and covers an impressive 344 acres of skiing. The New York State Olympic Regional Development Authority was created by the State of New York to manage the facilities used during the 1980 Olympic Winter Games at Lake Placid. ORDA operates Whiteface Mountain and Gore Mountain ski areas; the Verizon Sports Complex, located 5 miles from Lake Placid at Mt. Van Hoevenberg; and the Olympic ice and jumping complexes. As host to international and national championships, the Authority has brought millions of athletes, spectators and visitors from around the globe to the Adirondack region. Green-e is the leading renewable energy certification and verification program in the U.S., and the Green-e logo is the national symbol for renewable energy excellence. The program provides independent, third party certification to ensure certified renewable energy meets strict environmental and consumer protection standards. Green-e's verification protects customers from paying for renewable energy that is "double sold" to other customers or used simultaneously to meet regulatory mandates. To learn more about Green-e certification, visit http://www.green-e.org/, or call 1-800-63-GREEN. 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 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. DATASOURCE: Constellation Energy CONTACT: Larry McDonnell, 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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