CEG Constellation Energy Grp. Common Stock

Constellation NewEnergy Creates New Sales Group; Unit to Focus on National Customers BALTIMORE, June 2 /PRNewswire-FirstCall/ -- Constellation Energy (NYSE:CEG) today announced that its subsidiary, Constellation NewEnergy, has created a North American sales organization to support multi-state and national accounts and coordinate with regional offices. "Constellation NewEnergy continues to demonstrate the value of the nation's deregulated electricity marketplace," said Clem Palevich, president of Constellation NewEnergy. "It has become readily apparent that as our business continues to grow, so does our need for greater strategic linkages with large customers in multiple locations. This new sales group is designed with that goal in mind and is expected to help maximize our sales opportunities in competitive North American markets. It will become an essential part of our business as we expand market share on a national basis." The new sales group will provide a single point of contact to help large customers deal with managing multi-site energy requirements across multiple markets and serve in an energy advisory role to clients. Constellation Energy also announced the appointments of Brad Christensen and John Fardella as managers of Constellation NewEnergy's Chicago and New York sales offices, respectively. Christensen, who has extensive energy sales, marketing and management experience, joins Constellation NewEnergy having held positions with both Sempra and Dynegy. Fardella, who possesses an equally strong background in energy sales and portfolio and risk management, was most recently with Sempra, and held similar positions while employed by both Chevron and Enron. Both will report to Andrew Singer, who as vice president of the North American accounts group will be based in Constellation NewEnergy's Baltimore headquarters. Constellation NewEnergy has a sales and marketing force in competitive markets throughout the United States and Canada. The company holds a 16 percent market share in states where commercial and industrial customers can shop for rates and its client base includes 55 of the leading Fortune 100 companies. Constellation NewEnergy (http://www.newenergy.com/), a member of Constellation Energy, is a leading competitive supplier of electricity, natural gas and energy related services to commercial and industrial customers throughout North America. Constellation NewEnergy operates in all competitive energy markets throughout the United States and Canada, providing products that enable customers to effectively manage and control energy costs. Constellation NewEnergy's regional expertise coupled with its national presence provides customers with customized energy products and services while leveraging the assets of one of the strongest integrated energy companies in North America. Constellation NewEnergy, based in Baltimore, serves more than 8,000 commercial and industrial customers throughout 31 states and 3 Canadian provinces representing more than 8,000 megawatts of peak load and more than 300 billion cubic feet of annual natural gas consumption. Constellation Energy (http://www.constellation.com/), a Fortune 500 company based in Baltimore, is the nation's leading competitive supplier of electricity to large commercial and industrial customers and one of the nation's largest wholesale power sellers. Constellation Energy also manages fuels and energy services on behalf of energy intensive industries and utilities. It owns and operates a diversified fleet of power plants throughout the United States. The company delivers electricity and natural gas through the Baltimore Gas and Electric Company (BGE), its regulated utility in Central Maryland. In 2003, the combined revenues of the integrated energy company totaled $9.7 billion. DATASOURCE: Constellation Energy CONTACT: Clay C. Perry, Constellation Energy, +1-410-230-7433 Web site: http://www.constellation.com/ http://www.newenergy.com/ Company News On-Call: http://www.prnewswire.com/comp/084087.html

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