CEG Constellation Energy Grp. Common Stock

BALTIMORE, Feb. 6 /PRNewswire-FirstCall/ -- Constellation Energy (NYSE:CEG) today announced that David L. Rehn has been named senior vice president-operations services and chief procurement officer, effective immediately. Rehn will report to E. Follin Smith, executive vice president, chief financial officer and chief administrative officer. In this new position, Rehn will initially have responsibility for the supply chain and business performance improvement functions. Within supply chain, he will focus on the creation of a single-company supply chain organization that supports all business unit and corporate activities, with a matrix of business unit staffs reporting to him. With the business performance improvement group, Rehn will focus on enhancing business unit productivity through the deployment of SIRIUS, Constellation Energy's comprehensive set of tools and methodologies for problem solving, change management and project management. In his new role, Rehn will add a very strong operational focus to the SIRIUS program and further facilitate its deployment across the company. "A seasoned professional who knows our company is the right person to pull together the sourcing team to simultaneously take advantage of opportunities to improve business unit service and to leverage Constellation Energy's sizeable purchasing power to bring benefits to the bottom line," said Smith. "Additionally, Dave brings an important operating perspective to our business performance improvement initiatives." "Dave has served Constellation Energy's Generation group well over the last three years and championed several initiatives that have improved the productivity and overall performance of the group," said Michael J. Wallace, president of Constellation Generation Group and executive vice president of Constellation Energy. "I look forward to working with him in his new role. His deep generation experience, both nuclear and fossil, will assure a continued close focus on meeting the needs of the plants to sustain our top level performance." Rehn joined the company in 2004 as the senior vice president-fleet optimization for Constellation Generation Group, where he was responsible for leading information technology, project management, asset management, environmental, business performance improvement and supply chain management within generation. Prior to joining Constellation Energy, Rehn spent the majority of his career at Duke Energy, where he held the positions of president and chief executive officer of Duke Energy North America, director of mergers and acquisitions, executive vice president of Duke Engineering and Services Inc. and site vice president at the Catawba Nuclear Station. A Baltimore native, Rehn earned his bachelor's and master's degrees in engineering mechanics from North Carolina State University and is a registered professional engineer. Constellation Energy (http://www.constellation.com/), a FORTUNE 200 company with 2006 revenues of $19.2 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 78 generating units located throughout the United States, totaling approximately 8,700 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: Debra Beck, Constellation Energy, +1-410-470-7433 Web site: http://www.constellation.com/ Company News On-Call: http://www.prnewswire.com/comp/084087.html

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