Constellation Energy Commodities Group Name Change Becomes Official
November 02 2004 - 7:02AM
PR Newswire (US)
Constellation Energy Commodities Group Name Change Becomes Official
BALTIMORE, Nov. 2 /PRNewswire-FirstCall/ -- Constellation Energy
(NYSE:CEG) today announced that the new name for its wholesale
origination and risk management arm, Constellation Energy
Commodities Group, is now official. Announced in late August, the
name change, from Constellation Power Source to Constellation
Energy Commodities Group, was phased-in while regulatory and other
arrangements were completed. Commodities Group President Thomas V.
Brooks said the change was made because the previous name reflected
only a portion of the company's growing portfolio. "We've grown
considerably from our days as a power marketer and we wanted a name
that reflected the scope and diversity of our expanding
operations," said Brooks. "Today, we're the leading supplier of
competitive wholesale electricity in North America, a significant
presence in coal and natural gas markets, and a full-service,
global commodities business." The Commodities Group, headquartered
in Baltimore, has approximately 400 employees and offices on three
continents. 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 or co-owns 107
generating units at 35 locations in 11 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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