President of Constellation NewEnergy Named to The Greater Boston Chamber of Commerce Board of Directors
December 07 2007 - 9:42AM
PR Newswire (US)
Michael P. Kagan joins other Greater Boston business and community
leaders as part of prestigious board BALTIMORE, Dec. 7
/PRNewswire-FirstCall/ -- Constellation Energy (NYSE:CEG) today
announced that Michael P. Kagan, president of its subsidiary,
Constellation NewEnergy, has been appointed to The Greater Boston
Chamber of Commerce board of directors. Kagan, who is based in
Constellation NewEnergy's Boston office, was inducted on Thursday,
Dec. 6. "We are pleased to welcome Michael to our board of
directors," said Paul Guzzi, president and CEO of the Chamber. "As
president of Constellation NewEnergy, Michael is a prominent member
of the Greater Boston business community. In addition, his
expertise and understanding of the evolving energy market makes him
a valued addition to our board." As one of the region's leading
competitive electricity suppliers to commercial and industrial
customers, Constellation NewEnergy currently serves many of the
Greater Boston area's top companies and organizations including the
city of Boston, Boston University, Genzyme Corporation, Gillette
Stadium and Staples, Inc. "Constellation NewEnergy values its
strong relationship with the Greater Boston business community,"
said Kagan. "Boston is at the center of many of the innovations
shaping the current market, including energy efficiency, green
power and other sustainability practices. It is an exciting time
and I look forward to contributing my perspective to the Chamber as
it continues to take a leadership role on these important energy
issues." Kagan was named president of Constellation NewEnergy in
2007. He leads the company's operations in the U.S. and Canada and
is responsible for overall company performance, including business
development and marketing. Prior to becoming president, he was the
company's chief commercial officer responsible for major accounts
and product development. Since joining NewEnergy in 1998, Kagan has
been a part of the strategic leadership team, helping to oversee
the expansion of the company's supply capabilities into new markets
and the development of innovative risk management solutions for the
company's largest customers. Constellation NewEnergy
(http://www.newenergy.com/), a wholly owned subsidiary of
Constellation Energy (NYSE:CEG), is a leading competitive supplier
of electricity, natural gas and energy-related services to
commercial, industrial and institutional 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
19,000 commercial, industrial and institutional customers
throughout 31 states and three Canadian provinces representing
nearly 16,000 megawatts of peak load and more than 400 billion
cubic feet of annual natural gas consumption. 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. The Greater Boston Chamber
(http://www.bostonchamber.com/) is a broad-based association
representing 1,700 businesses of all sizes from virtually every
industry and profession in our region. At the crossroads of
business and government, Chamber members work together to ensure
the long-term advancement of Greater Boston as one of the world's
great metropolitan regions. DATASOURCE: Constellation Energy
CONTACT: Lawrence McDonnell of Constellation Energy,
+1-410-470-7433 Web site: http://www.constellation.com/ Company
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