CEG Constellation Energy Grp. Common Stock

OSWEGO, N.Y., April 16 /PRNewswire-FirstCall/ -- Constellation Energy (NYSE:CEG) today announced that its Nine Mile Point Nuclear Station in Scriba, N.Y., has completed a scheduled refueling outage at Unit 1. The refueling outage was completed in 29 days- the shortest duration ever for Nine Mile Point's Unit 1. The previous Unit 1 refueling outage was 38 days. "The success of this outage is a great example of Nine Mile Point's ability to effectively execute a key component of our overall business plan," said Kevin Nietmann, acting vice president of Nine Mile Point Nuclear Station. "The credit for this goes to our employees, with the support of our vendors and contractors. This is a significant achievement for Nine Mile Point and Constellation Energy. The outage was executed with top-notch safety performance and enhances the reliability of the unit." More than a year of in-depth planning and preparation set the stage for the successful refueling outage. During the outage, employees of Nine Mile Point and other Constellation Energy organizations, as well as specialized contractors, teamed to execute the work with a relentless focus on safety. In addition to normal refueling activities, plant personnel performed several material improvement modifications during the outage including reactor recirculation motor replacements, reactor recirculation pump seal replacements and equipment upgrades in the switchyard. Normal refueling and maintenance activities included fuel handling and in- vessel inspections, as well as upgrades and routine replacements of equipment components including motors, valves, and seals. Constellation Energy ( http://www.constellation.com/ ), a FORTUNE 200 company with 2006 revenues of $19.3 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: Jill Lyon of Constellation Energy, +1-315-349-5521 Web site: http://www.constellation.com/ Company News On-Call: http://www.prnewswire.com/comp/084087.html

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