Constellation NewEnergy Exceeds 1,000 Megawatts of Enrolled Demand Response Customer Capacity

Constellation Energy (NYSE:CEG) announced that its subsidiary, Constellation NewEnergy, Inc., has now enrolled 1,000 megawatts of demand response capacity, making the company one of the leading demand response providers in North America. Constellation NewEnergy�s demand response programs make it possible for customers to voluntarily reduce electricity consumption during peak periods of demand on electricity grids�improving the reliability and sustainability of energy infrastructure. The capacity of Constellation NewEnergy�s enrolled demand response customers is the equivalent of avoiding generation from a large 1,000 megawatt power plant when customers scale back usage or switch to alternative sources of power.

�Demand response programs are critical to ensuring that our collective requirement for electricity on peak demand days doesn�t outpace the ability to generate and deliver power reliably,� said Peter Kelly-Detwiler, senior vice president of customer supply for Constellation NewEnergy. �At these high levels of participation, Constellation NewEnergy�s customers are helping to ensure that adequate power supplies will be available when needed most. They are also reaping significant financial incentives for taking part in demand response programs. This is particularly important during the current period of economic stress.�

One Constellation NewEnergy customer utilizing demand response as part of its strategic energy portfolio is the office products company, Staples, Inc.

�Staples is always looking for innovative partners to help us manage our energy costs. Constellation NewEnergy has helped make demand response a permanent strategic energy initiative at both the corporate and store levels, one that is environmentally-friendly, forward-thinking, and easy to manage, all while contributing to the bottom line,� said Bob Valair, director of energy and environmental management for Staples, Inc.

Participants in demand response programs earn payments for reducing power consumption when called upon to do so. To qualify, commercial customers have to meet a minimum threshold for electricity usage, often 100 kilowatts or more, which is typical of big-box retailers, manufacturers, hospitals, office buildings, or an aggregate of smaller sites in the same region. The financial incentives can be significant. A megawatt of demand response capacity in the 13 state PJM regional grid, for instance, can result in nearly $80,000 in payments.

Organizations interested in enrolling in a Constellation NewEnergy demand response program can visit www.newenergy.com or contact Constellation NewEnergy at 1-866-237-7693.

About Constellation NewEnergy

Constellation NewEnergy (www.newenergy.com) is a leading competitive supplier of electricity, natural gas and energy-related services to commercial, industrial and institutional customers throughout the United States. A subsidiary of Constellation Energy (NYSE:CEG), Constellation NewEnergy operates in all competitive energy markets throughout the U.S., providing products that enable customers to effectively manage and control energy costs.

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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