Constellation Energy Contributes $4.1 Million to 2008 United Way Campaigns

Constellation Energy (NYSE:CEG) today announced that, along with its approximately 10,000 employees, it proudly continued the tradition of generous community support by contributing $4.1 million to 2008 United Way campaigns where Constellation Energy and its subsidiaries have operations. Once again, the company earned the distinction of being the largest corporate contributor to United Way campaigns in Central Maryland, Calvert County, Md., and Greater Oswego County, N.Y.

�Thanks to the generous spirit of our employees, Constellation Energy has once again provided valuable support to the annual United Way campaigns in communities where we live and do business,� said Mayo A. Shattuck III, chairman, president and chief executive officer of Constellation Energy. �The remarkable support of our employees, particularly in these challenging economic times, truly makes a difference in our communities and illustrates how Constellation Energy and our employees continue to embrace our core value of social responsibility.�

In addition to being the largest United Way corporate contributor to campaigns in the areas of Maryland and upstate New York, Constellation Energy also made substantial contributions to the United Way of the National Capital Area, the United Way of Greater Rochester, N.Y., and the United Way of the Texas Gulf, Texas.

Many Constellation Energy employees not only made generous pledges, but hundreds also participated in several United Way-sponsored fundraising and community outreach programs across the country, totaling more than 5,000 volunteer hours. Numerous additional Constellation Energy employees donated their time and energy to several annual Constellation Energy Days of Caring projects, including participating in an extreme building makeover to benefit the Franklin Square Salvation Army Boys and Girls Club in Baltimore, volunteering at the Maryland Food Bank, helping to build multiple Habitat for Humanity homes in Baltimore and volunteering at the DePelchin Children�s Center in Houston.

Constellation Energy employees continue to be at the heart of our organization�s pledge to support our communities through the United Way campaigns.

About Constellation Energy

Constellation Energy (www.constellation.com) is a leading supplier of energy products and services to wholesale and retail electric and natural gas customers. It owns a diversified fleet of generating units located throughout the United States, totaling approximately 9,000 megawatts of generating capacity, and is among the leaders pursuing the development of new nuclear plants in the United States. The company delivers electricity and natural gas through the Baltimore Gas and Electric Company (BGE), its regulated utility in Central Maryland. A FORTUNE 500 company headquartered in Baltimore, Constellation Energy had revenues of $19.8 billion in 2008.

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