CEG Constellation Energy Grp. Common Stock

BALTIMORE, Aug. 1 /PRNewswire-FirstCall/ -- Constellation Energy (NYSE:CEG) today announced that it has named Mark P. Huston as chief operating officer of its industry leading retail subsidiary, Constellation NewEnergy, North America's largest provider of competitive electricity to commercial customers. Huston served most recently as vice president, electric transmission and distribution, for Constellation Energy's regulated utility, Baltimore Gas and Electric. He has been with the company for more than 20 years in a variety of strategic and operational leadership positions. In 2002, while serving as vice president of corporate strategy and development for Constellation Energy, Huston played a leading role in a series of strategic acquisitions, including AES NewEnergy, which became Constellation NewEnergy (CNE). CNE today serves more than 70 million megawatt hours and provides competitive power to more than two-thirds of the Fortune 100. "Mark brings a wealth of operational expertise and strategic vision to CNE," said Thomas F. Brady, chairman of CNE and executive vice president corporate strategy and retail competitive supply at Constellation Energy. "In the four years since we acquired NewEnergy, it has blossomed into the leading supplier of power and gas to commercial and industrial customers. We're committed to growing Constellation's retail competitive platform and achieving the size and scale we need to take the business to new heights." "In this key leadership role, Mark will help guide CNE as we expand our market share lead and embark on a company-wide business transformation program that will sharpen our performance and improve our ability to serve customers," said Clem Palevich, president, CNE. "Mark was at the helm when we joined the Constellation Energy family in 2002 and he knows CNE and our culture well. His skill set, vision and broad-based Constellation Energy background will help us move to the next level." Huston joined BGE full-time in 1986 as an associate engineer in Gas Operations and subsequently held a number of progressively responsible positions in Gas Engineering, including project management of cross-country pipelines. In 1999, when Constellation Energy became the holding company for BGE and its other subsidiaries, Huston became Constellation Energy's manager of corporate strategy and development. In May 2002 he was elected vice president. In this role, he played a leading role in a series of acquisitions, including AES NewEnergy, Alliance Energy Services, Fellon-McCord & Associates, Blackhawk Energy Services, Kaztex Energy Management and Energy East's Ginna nuclear facility. Huston actively participates in community affairs boards including the Maryland Science Center, Baltimore's First Tee, the Baltimore Municipal Golf Corporation, the University of Maryland Dean of Engineering Board of Visitors, GBC Leadership and has been a long-term supporter of Special Olympics Maryland. He earned a bachelor's degree in Mechanical Engineering from the University of Maryland at College Park in 1985 and a master's degree in General Administration in 1995 from University of Maryland University College. 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 36 states and 3 Canadian provinces representing more than 15,000 megawatts of peak load and more than 370 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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