CEG Constellation Energy Grp. Common Stock

Constellation NewEnergy Supplying Green Power to Starwood Hotels During RNC Convention in New York BALTIMORE, Aug. 30 /PRNewswire-FirstCall/ -- Constellation Energy (NYSE:CEG) today announced that its subsidiary, Constellation NewEnergy, is supplying green power to nine Starwood hotel properties in New York City during this week's Republican National Convention. The power agreement covers all the Sheraton and W hotels in Manhattan as well as the St. Regis. Constellation NewEnergy purchased renewable energy credits from Sterling Planet to meet Starwood's anticipated peak demand during the convention, approximately 10,054 megawatt hours. "It's a privilege to be supplying green power to Starwood for this premier event," said Clem Palevich, president, Constellation NewEnergy. "Like Starwood, we're committed to environmental stewardship and proud to be a leader in the green power market." "Starwood is committed to energy efficiency and proud to participate in this program with Constellation NewEnergy," said John Lembo, corporate director of energy. "We are supporters of green power and we'll be investigating more opportunities as part of our commitment to reducing negative impacts to the environment." Mel Jones, president and CEO of Sterling Planet, supported by the New York State Energy Research and Development Authority, which secured the renewable energy credits for Constellation NewEnergy, said, "Sterling Planet applauds this commitment to join the migration to cleaner, renewable energy that is readily available and locally produced." Deirdre Lord, vice president for Constellation NewEnergy's New York and New Jersey region, added, "We've been the power behind Starwood and many of Manhattan's other marquis properties for many years. It's an honor to be able to provide green power to Starwood during this week's convention." Constellation NewEnergy also supplied renewable electricity to Boston's FleetCenter during July's Democratic National Convention. Starwood's energy program was recognized by the EPA's Energy Star Program as an Energy Star partner for 2002 -2003. Constellation NewEnergy, 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 9,000 megawatts of peak load and more than 300 billion cubic feet of annual natural gas consumption. Constellation Energy, 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, Constellation Energy, +1-410-234-7433, +1-410-230-9858 Web site: http://www.constellation.com/ Company News On-Call: http://www.prnewswire.com/comp/084087.html

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