Mark P. Huston Named Chief Operating Officer of Constellation NewEnergy
August 01 2006 - 10:58AM
PR Newswire (US)
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:
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