CEG Constellation Energy Grp. Common Stock

Constellation Energy Declares Quarterly Dividend BALTIMORE, July 23 /PRNewswire-FirstCall/ -- Constellation Energy (NYSE:CEG) today announced that its Board of Directors has declared a quarterly dividend of 28.5 cents per share on common stock. The dividend is payable October 1, 2004, to shareholders of record at the close of business on September 10, 2004. Baltimore Gas and Electric Company (BGE) declared quarterly dividends at the specified rates for all of its outstanding preference stock, payable October 1, 2004, to shareholders of record at the close of business on September 10, 2004. 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: Rob Gould (Media), +1-410-234-7433, or Jonathan W. Thayer (Investors), +1-410-783-3647, both of Constellation Energy Web site: http://www.constellation.com/ Company News On-Call: http://www.prnewswire.com/comp/084087.html

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