Constellation Energy Names Bruce J. Stewart to Chief Marketing Officer and Managing Director within Retail Energy Business

Constellation Energy (NYSE:CEG) today announced that it has named Bruce J. Stewart to the position of managing director and chief marketing officer within the company’s retail energy business. Most recently, Stewart served as chief executive officer of the mobile and digital division of kgb, a pioneer and leading provider of retail information services including directory assistance, mobile text (kgbkgb), apps and Web services. Stewart will oversee a broad array of commercial marketing branding and strategy efforts, product and technology innovation, as well as channel and business development for Constellation Energy’s retail energy business lines that include electricity, natural gas, energy efficiency, load response, solar energy and other renewable initiatives throughout the United States. He will report to Mark P. Huston, managing director, who leads the retail energy business of Constellation Energy.

“We are extremely pleased to have Bruce Stewart join our team. Bruce brings a wealth of innovation and commercial leadership experience creating long-term value for customers,” said Huston. “The marketing team that Bruce will be leading will leverage our ability to support the energy needs of our existing and prospective customers from a single platform. We deliver a wide range of energy products that combine the basics of supplying power and gas at competitive prices with innovative solutions that give our customers—from the largest commercial and industrial energy users to individual households—new ways to use energy more efficiently and sustainably.”

Constellation Energy’s retail energy business currently serves customers ranging from two-thirds of the Fortune 100 corporations to small-medium businesses, public sector customers and residential energy consumers. The company is the leading commercial electricity supplier in the U.S.

“I am excited to be joining the leading competitive energy supplier, Constellation Energy, especially at a time when there is an ever increasing awareness and desire by many customers to manage their energy use in more strategic ways,” said Stewart. “Constellation Energy is well poised to collaborate with partners to build and deliver the next generation of energy innovation for consumers and further extend its brand leadership. I look forward to building on Constellation Energy’s success in creating market leading energy solutions for our customers.”

As an executive with a 20-year career spanning several leading consumer brands, Stewart has a strong background leading the development of products and services for new markets, often with rapidly changing technologies, managing global operations, growing businesses, as well as developing strategic partnerships. Prior to kgb, Stewart was vice president and general manager for Yahoo! Inc.’s Connected Life division which oversaw Yahoo!’s broadband, mobile & wireless, digital home and PC desktop application businesses in the Americas. Prior to Yahoo!, Stewart was senior vice president for America Online and vice president for Netscape. Stewart was an executive vice president at Exodus Communications and Globalcenter Inc. (acquired by Exodus), both of which were the two largest Web hosting companies at the time. Previously, Stewart was a partner and corporate officer with InterMedia Partners, then one of the large cable television operators in the U.S.

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 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 $15.6 billion in 2009.

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