CEG Constellation Energy Grp. Common Stock

Constellation Energy Contributes Record $3.6 Million to 2004 United Way Campaign BALTIMORE, Jan. 17 /PRNewswire-FirstCall/ -- Constellation Energy (NYSE:CEG) today announced that its employees continued the tradition of generous community support by contributing more than $3.6 million to the various 2004 United Way Campaigns where the company has operations. Together with Constellation Energy's matching gift, 50 cents for every dollar contributed, United Way Campaign contributions totaled $3.6 million, topping last year's $3 million. Employee contributions increased from $2 million to over $2.45 million this year, an increase of 16 percent. "As Constellation Energy continues its growth beyond its roots in Maryland, our enduring partnership with the United Way now reaches neighbors in need in communities around the country," said Mayo A. Shattuck III, chairman, president and CEO. "Employees deserve credit for again stepping up to the plate and making a difference. Their strong involvement in our United Way Campaign is one of the ways we demonstrate our commitment to maintain an active, supportive presence in the communities we live, serve and work." Nearly $2.45 million will go to the United Way of Central Maryland and the balance of the contributions will go to other United Way campaigns where Constellation Energy has operations. "Community commitment and a genuine concern for others has been a time- honored tradition for Constellation Energy employees. Our company's annual United Way campaign is one of the ways we're able to demonstrate our commitment to maintaining a strong, supportive presence in the communities where we live and work," said Stu Rubenstein, Constellation Energy's 2004 United Way campaign chairman and Constellation Energy's chief operating officer -- Constellation Commodities Group. Constellation Energy employees also participated in several United Way sponsored fundraising and community outreach programs across the country including the annual Day of Caring Projects. 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: Robert L. Gould of 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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