CEG Constellation Energy Grp. Common Stock

Constellation Energy Names Blondia Treasurer BALTIMORE, July 2 /PRNewswire-FirstCall/ -- Constellation Energy (NYSE:CEG) today announced that Jeanne M. Blondia has been named Treasurer, reporting to Andrew Good, senior vice president - Finance. In her new role, Blondia, who has served as Constellation Energy's Assistant Treasurer since joining the company in 2003, will be responsible for managing the company's relationships with credit agencies, overseeing capital market activity and leading financial analysis related to strategic acquisitions. "Jeanne's selection as Treasurer speaks directly to the strength and success of our investment in human capital during the past two years," said E. Follin Smith, executive vice president, chief financial officer and chief administrative officer of Constellation Energy. "Her strong financial expertise and extensive knowledge of capital markets gained while at both Constellation Energy and one of America's largest corporations, makes her a natural for this position and is sure to serve us well as we continue to grow and expand our presence throughout North America." Prior to joining Constellation Energy, Blondia spent nearly a decade in General Motors treasurer's office and General Motors Acceptance Corporation (GMAC), where she held a variety of key financial-related positions including director of Business Development, where she led the transaction team in the proposed sale of GMAC's $14 billion commercial mortgage business unit, and as director of Capital Markets, led the effort to raise more than $12 billion in unsecured debt within a year. She also held the position of managing director and group vice president - Finance for the GMAC mortgage group. Blondia earned a bachelor's degree in economics from Kalamazoo College and a master's degree in business administration from the University of Michigan. She succeeds Thomas E. Ruszin, who has been named to the newly created position of vice president - Total Rewards and Human Resources Services, reporting to Marc Ugol, senior vice president - Human Resources. In this newly created role, Ruszin will be responsible for the management of Constellation Energy's compensation and benefits programs, human resources information systems, payroll services, retiree services and pension plan investment and administration. "Tom has played a significant role in the success of Constellation Energy, having held a number of increasingly complex financial leadership roles," said Smith. "Our recent employee engagement survey highlighted the fact that total rewards programs are a critical element of overall organizational effectiveness. As such, we're pleased that Tom will be utilizing his talents and energy to ensure the success of Constellation Energy's total rewards programs." 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 35 power plants in 12 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: Robert L. Gould, Constellation Energy, +1-410-234-7433 Web site: http://www.constellation.com/ Company News On-Call: http://www.prnewswire.com/comp/084087.html

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