CEG Constellation Energy Grp. Common Stock

Constellation Energy Cited as '2004 Energy Company of the Year' by Platts/BusinessWeek BALTIMORE, Dec. 13 /PRNewswire-FirstCall/ -- Constellation Energy (NYSE:CEG) has been named "2004 Energy Company of the Year" in the annual Platts Global Energy Awards for its leadership in the North American competitive electricity marketplace and for its impressive growth. Platts, a division of The McGraw-Hill Companies, is the publisher of several leading energy industry publications. The Global Energy awards are given annually in several categories by Platts and its sister publication BusinessWeek magazine, to honor excellence and performance by businesses in the energy industry. "I am pleased that Platts recognizes the remarkable achievements of Constellation Energy," said Mayo A. Shattuck III, chairman, president and chief executive officer. "To be selected by Platts for its most prestigious 'Energy Company of the Year Award' is acknowledgement of leadership in corporate strategy, innovation and business management. This award ranks among the most distinguished in our industry and is further validation of Constellation Energy's unique customer-centric business model which aggressively seeks out and capitalizes on opportunities in North America's competitive energy markets. We could not have won this award without the hard work and dedication to improved productivity exhibited by our more than 9,000 employees." An international panel of judges recognized Constellation Energy as the nation's largest energy provider to commercial and industrial customers. Judges also cited the company's robust double-digit earnings growth and dramatic increase in revenues from $3.7 billion three years ago to $11.8 billion over the past four quarters. E. Follin Smith, Constellation Energy's executive vice president, chief financial officer and chief administrative officer accepted the award, which was presented Friday, Dec. 10th, during a ceremony before more than 400 top energy executives from two dozen countries at the Plaza Hotel in New York. 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: Rob Gould, Constellation Energy, +1-410-234-7433 Web site: http://www.constellation.com/ Company News On-Call: http://www.prnewswire.com/comp/084087.html

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