Baltimore Gas and Electric Company Declares Quarterly Preference Dividend

Baltimore Gas and Electric Company (BGE), a subsidiary of Constellation Energy (NYSE:CEG), today announced that its board of directors has declared quarterly dividends at the specified rate for all of its outstanding preference stock, payable October 1, 2010, to shareholders of record at the close of business on September 10, 2010.

BGE, www.bge.com, headquartered in Baltimore, is Maryland’s largest gas and electric utility, delivering power to more than 1.2 million electric customers and more than 640,000 natural gas customers in Central Maryland. The company’s approximately 3,000 employees are committed to the safe and reliable delivery of gas and electricity, as well as enhanced energy management, conservation, environmental stewardship and community assistance. BGE is a subsidiary of Constellation Energy, www.constellation.com, a FORTUNE 500 company also headquartered in Baltimore, with subsidiaries that generate, sell and provide other energy-related services to customers throughout North America.

Constellation Energy (NYSE:CEG)
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