CEG Constellation Energy Grp. Common Stock

Constellation NewEnergy Finalizes Power Purchase Agreement With Arlington Independent School District National Energy Provider to Supply Electricity to More Than 70 Schools and Administrative Facilities BALTIMORE, July 15 /PRNewswire-FirstCall/ -- Constellation Energy (NYSE:CEG) today announced that its subsidiary, Constellation NewEnergy, has finalized a two-year electricity purchase contract with the Arlington Independent School District (ISD), the ninth largest school district in Texas. The agreement calls for Constellation NewEnergy to supply electricity to the district's more than 70 school and administrative facilities. The Arlington ISD serves more than 62,000 students and employs 8,000 people, including 4,100 teachers. "School districts are an important market segment for Constellation NewEnergy, which is why we're extremely pleased that the Arlington ISD has selected Constellation NewEnergy as its supplier of competitively priced energy for its schools and other support facilities," said Clem Palevich, president, Constellation NewEnergy. "This agreement demonstrates that we deliver the products and services that Texas education systems value in today's competitive electricity marketplace," said David Bat, vice president for the Texas Region of Constellation NewEnergy. "We are proud to serve the Arlington ISD and appreciate the trust they have placed with us to serve their electricity needs." Chuck Thomas, Arlington ISD's assistant superintendent of Plant Services, said the district went through a vigorous process to find a provider with a proven track record that offered competitive prices and value-added services, key factors in managing energy use in a school system covering more than 94 square miles. "Constellation NewEnergy's billing and reporting capabilities provide us with tools needed to help effectively manage our energy costs," Thomas said. "In addition to educating our children, our top priority is to be responsible stewards of taxpayer dollars. This means operating the most efficient school district possible. I am confident that our agreement with Constellation NewEnergy will go a long way toward achieving this goal." In March, the University of Texas (UT) reached a three-year electricity supply agreement with Constellation NewEnergy for six campuses in the UT System. The campuses include UT Arlington, UT Dallas, UT Health Center at Tyler, UT Tyler, UT Southwestern Medical Center at Dallas and UT Permian Basin. UT Southwestern is one of the country's leading academic medical centers, patient-care providers and research institutions. Constellation NewEnergy (http://www.newenergy.com/), a member of Constellation Energy (NYSE:CEG), 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 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: Larry McDonnell of Constellation Energy, +1-410-234-7433 Web site: http://www.newenergy.com/ http://www.constellation.com/ Company News On-Call: http://www.prnewswire.com/comp/084087.html

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