$36 Million Contributed to Constellation Energy Group Foundation

Constellation Energy (NYSE:CEG) today announced that in connection with its recently completed nuclear joint venture with EDF Group, the commitment contained in the agreement to create the joint venture has been honored and $36 million has been contributed to the Constellation Energy Group Foundation in support of Constellation Energy’s long-standing commitment to improving the quality of life in communities where it has operations. Additionally, the company intends to join the ranks of companies that give 1 percent or more of annual operating income to support charitable organizations and causes.

“We’re extremely pleased to be able to provide for this $36 million contribution to the Constellation Energy Group Foundation, particularly now as so many in the communities in which we live and work continue to face economic challenges,” said Mayo A. Shattuck III, chairman, president and chief executive officer, Constellation Energy. “We believe that we have a responsibility to our communities that includes active participation both through financial support and employee volunteer efforts. With that in mind, we have also decided to increase our annual charitable giving to 1 percent or more of our annual operating income. Corporate and social responsibility is a value we embrace at Constellation Energy and a way of life for each and every one of our employees, many of whom volunteer their time in their communities. It is our belief that through this contribution and the many other ways we support our communities, we help to improve the quality of life and make a meaningful difference in the lives of many.”

Constellation Energy demonstrates its commitment to its communities through a wide range of programs, donations and grants to nonprofit organizations that make an impact in the company’s key areas of focus – energy, education, economic growth and the environment – as well as through employee involvement in the company’s efforts.

Energy

Constellation Energy supports organizations that offer energy assistance, as well as provide energy conservation and education to community members. In 2009, Constellation Energy donated $1 million to the Baltimore Community Foundation to establish the Baltimore Gas and Electric Company Heating System Fund, which will provide 200 new, energy-efficient furnaces to qualifying, limited-income customers in Baltimore who are in need of a heating system replacement. This year, Constellation Energy also participated in the Baltimore Neighborhood Energy Challenge through the neighbor-to-neighbor campaign, promoting energy conservation to 600 households. Additionally, Constellation Energy provided seed funding for the United Way 2-1-1 program, a 24-hour health and human services information and referral service hotline for Marylanders. Through the initial pilot phase of the 2-1-1 program, 20,000 families have been connected to much-needed services annually.

Environment

Constellation Energy contributes resources to organizations that are making tangible strides in environmental preservation and restoration. In November of this year, employees joined with community members in Baltimore to plant trees as part of the company’s commitment to the TreeBaltimore initiative. In addition to volunteer support, Constellation Energy has pledged $300,000 over the next three years to plant 1,000 trees to help advance TreeBaltimore’s goal of increasing the city’s tree canopy.

Education

Providing quality educational opportunities and career development are among the most important tools to help communities succeed long term. Constellation Energy’s contributions of time and resources to educational programs include supporting more than 100 scholars annually and emphasizing diversity and career development through organizations such as the CollegeBound Foundation, the Partners in Excellence Program and other scholarship funds. Also, Constellation Energy supports education-related organizations that encourage students to graduate from high school and college in order to prepare them for their future.

Economic Growth

Through financial and volunteer support, Constellation Energy helps stimulate growth in its communities, enabling them to become more vibrant. Constellation Energy works to revitalize its communities through partnerships with organizations like Chesapeake Habitat for Humanity. In 2009, Constellation Energy provided employee talent and financial support to help build 100 energy-efficient homes for limited-income families in Baltimore. Constellation Energy also supports economic growth though its title sponsorship of the Constellation Energy Senior Players Championship. Since Constellation Energy became the title sponsor of Champions Tour-affiliated tournaments in 2003, more than $3 million has been raised for Maryland charitable organizations.

Employee Involvement

Constellation Energy employees play an integral role in helping the company demonstrate its commitment to its communities. Thanks to the support of employees, Constellation Energy 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., in 2008. Additionally, Constellation Energy employees volunteer more than 48,000 hours annually to support a host of community organizations and programs such as the recent transformation of the Salvation Army Boys and Girls Club of Glen Burnie during the United Way Extreme Makeover. Volunteerism is a core value that runs throughout the Constellation Energy family. Through the Constellation Energy Kids initiative, children of Constellation Energy employees have prepared 700 hoagie sandwiches to help feed the homeless, assembled 300 baby bags for new mothers in homeless shelters, donated books to children in homeless shelters, created 1,500 basic needs care packages for children in homeless shelters, assembled 1,300 care packages for Maryland National Guard troops deployed to Iraq and raised money for local charities during the Constellation Energy Senior Players Championship and the Constellation Energy Classic. The initiative, which grew out of Constellation Energy’s Take Our Daughters and Sons to Work Day program, now provides opportunities for Constellation Energy families to participate in monthly volunteer activities such as creating picture frames containing welcome messages for Chesapeake Habitat for Humanity families, restoring Baltimore’s Clifton Park and planting, caring for and harvesting crops at the Baltimore City Public School Great Kids farm.

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 in the United States and Canada, totaling approximately 7,100 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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