CEG Constellation Energy Grp. Common Stock

Constellation Energy Gives 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 2004 United Way Campaign, including $200,446 going to the United Way of Greater Oswego County and Central New York, making it the top corporate contributor in the Oswego County region. "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." Together with Constellation Energy's matching gift, 50 cents for every dollar contributed, United Way Campaign contributions eclipsed last year's total of $3 million. Employee contributions increased from $2 million to over $2.45 million this year, an increase of 16 percent. "Nine Mile Point Nuclear Power Plant is proud to support the many agencies of the United Way," said Jim Spina, vice president of Nine Mile Point Nuclear Power Plant. "Employees of the plant are really what make this donation possible and it is their dedication to this community that reflects Constellation Energy's commitment to the United Way." 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: Jill Lyon of Constellation Energy, +1-410-234-7433

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