CEG Constellation Energy Grp. Common Stock

Constellation NewEnergy Serves Electricity to USTA National Tennis Center in Flushing, N.Y. Contract Provides Seven Megawatts to Arthur Ashe Stadium and Other Tennis Facilities NEW YORK, Sept 13 /PRNewswire-FirstCall/ -- Constellation Energy (NYSE:CEG) today announced that its subsidiary, Constellation NewEnergy, has entered into an electricity supply agreement with the United States Tennis Association National Tennis Center in Flushing, N.Y. The USTA National Tennis Center is the largest public tennis facility in the world and includes Arthur Ashe Stadium, Louis Armstrong Stadium, and 75 other indoor and outdoor tennis courts. The National Tennis Center is best known as the home of the U.S. Open. "The USTA Tennis Center hosts one of the most exciting tournaments in all of sports and also allows New Yorkers to enjoy tennis year-round in a state-of-the-art facility," said Clem Palevich, president, Constellation NewEnergy. "We're proud to be the power provider to this great venue." "We had to consider the unique operating profile of the USTA as we helped it develop a strategy for electricity supply," said Deirdre Lord, vice president of Constellation NewEnergy's New York operations. "It was important for the USTA to couple price stability with flexibility and this contract provides both." "Constellation NewEnergy provided us with options that allowed us to reduce our exposure to price volatility," said Dan Zausner, managing director, USTA National Tennis Center. "It offered us a product that combines the stability of a fixed price with the flexibility of an indexed contract. This agreement will help us to reduce our exposure to potentially volatile electricity prices during the U.S. Open, which is when we use the most electricity." 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 or +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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