CEG Constellation Energy Grp. Common Stock

BALTIMORE, June 22 /PRNewswire-FirstCall/ -- Constellation Energy (NYSE:CEG) today announced that its subsidiary, Constellation NewEnergy (CNE), has named Martha A. Duggan vice president, business development for its Mid-Atlantic region. Duggan is responsible for the strategic direction of the Mid-Atlantic sales team. (Photo: http://www.newscom.com/cgi-bin/prnh/20060622/PHTH022 ) Prior to being appointed to her new position, Duggan served as vice president, regional government and regulatory affairs for CNE, responsible for the oversight of regulatory and legislative advocacy for the Mid-Atlantic, Metro North and New England regions of the company. Duggan brings 25 years of energy industry experience to the position, having worked in deregulated energy markets since the late 1990s for a variety of commercial and industrial marketing firms. In announcing Duggan's promotion, Kenneth B. Chodnicki, vice president & general manager of CNE's Mid-Atlantic region, said, "Martha brings one of the strongest resumes in the retail electric business to her new role, and we are thrilled that she will focus those skills on winning new and renewal business for the Mid-Atlantic." In addition to regulatory and legislative advocacy experience, Duggan also brings operational and financial experience to the sales effort in the Mid- Atlantic region. Duggan worked at a local natural gas distribution company for eight years in accounting, regulatory and operations functions, and she began her energy career as a senior associate at an energy consulting firm. Duggan holds a Bachelor of Science degree in languages and linguistics from Georgetown University and a Master of Business Administration degree from The George Washington University. 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. http://www.newscom.com/cgi-bin/prnh/20060622/PHTH022 http://photoarchive.ap.org/ 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

Copyright