Constellation Energy’s Competitive Retail Power Business Names Michael D. Smith to Lead Solar Sales

Constellation Energy (NYSE: CEG) announced today that Michael D. Smith will lead solar sales and green initiatives for the company’s competitive retail energy businesses. In this new role, Smith will oversee the development and implementation of sustainable product offerings, including renewable generation, energy efficiency, demand response and greenhouse gas reduction strategies. In addition, Smith will lead the company’s growing solar power business and a dedicated commercial solar sales team focused on the rapid deployment of customer-sited solar installations. As senior vice president of retail green initiatives for Constellation NewEnergy, Smith reports jointly to Mark Huston, managing director of retail energy, Constellation Energy and Michael Kagan, president of retail power, Constellation NewEnergy.

“Constellation Energy is among the industry leaders in providing customers with both renewable energy and services to manage energy consumption,” said Mark Huston, managing director of retail energy, Constellation Energy. “Integrating oversight of the company’s sustainable product initiatives enables us to offer customers a comprehensive suite of green products and services to match their energy and environmental goals. Mike’s extensive energy experience leading international carbon and renewables operations will help us drive continued growth and innovation in sustainable energy initiatives.”

Constellation Energy is committed to solar project development over the next several years. Currently, the company has approximately 25 megawatts of solar power systems installed or under way in the U.S., ranging from 200-kilowatt, customer-sited rooftop installations to a 17.1-megawatt large-scale project in Emmitsburg, Md., that will be among the largest in the U.S. Constellation Energy finances, designs, constructs and owns these solar installations and supplies power generated on-site to the customer over a period of 15 to 20 years. This creates an attractive and affordable model that requires no upfront capital from customers, and reduces customers’ use of power from the electrical grid and associated carbon emissions.

Smith joined Constellation Energy in 2003. He previously served as vice president and director of Constellation Energy’s international energy policy office in London, where he managed Constellation Energy’s activities in the European Union carbon and renewable energy markets, among other regulatory activities.

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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