CEG Constellation Energy Grp. Common Stock

2007 BusinessWeek Ranking Highlights Company's High Retention Rate of Recent Graduate Employees BALTIMORE, Nov. 14 /PRNewswire-FirstCall/ -- Constellation Energy (NYSE:CEG) today announced that it has been recognized by BusinessWeek magazine as one of the 95 best places to launch a career. "Recognition of Constellation Energy by BusinessWeek as one of the best places to launch a career is further affirmation of the value that we create for our employees, and in turn, our customers and shareholders," said Mayo A. Shattuck, chairman, president and chief executive officer of Constellation Energy. "Our employee development and benefits programs, competitive performance-based compensation and position as the leading provider of energy throughout North America, makes Constellation Energy an extremely attractive enterprise in which to build a career. Furthermore, it's validating to have our efforts to build a supportive and rewarding culture for our employees recognized by the BusinessWeek ranking." The magazine's second annual ranking of the best companies for new college graduates is based on surveys of career services directors at U.S. colleges, employers and college students. Constellation Energy's retention rate of new graduate employees who stay with the company for at least five years -- a particularly high 91 percent -- was touted by BusinessWeek as a statistic that few employers can top. Constellation Energy offers an array of programs to assist employees with career development, including online learning centers, classroom training and reimbursement for continuing education. With more than 10,000 employees in locations throughout North America and Europe, Constellation Energy offers diverse work environments in a wide range of professions. It is also one of the fastest growing and best performing companies in the U.S., having also been named to the prestigious BusinessWeek 50 annual ranking in 2007. Constellation Energy (http://www.constellation.com/), a FORTUNE 125 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: Robert L. Gould or Debra Larsson, +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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