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News & Events
Constellation Energy Raises Dividend 17.5 Percent to 33.5 Cents per Share:
01/27/2005
BALTIMORE, MD – PRNewswire-FirstCall/ -- Constellation Energy (NYSE: CEG) today announced that its board of directors declared a quarterly dividend of 33.5 cents per share on the company's common stock. This dividend declaration represents a 17.5 percent increase over the previous quarterly dividend rate in recognition of a strong performance in 2004 and future growth prospects. Constellation Energy has been paying quarterly dividends on its common stock at the rate of 28.5 cents per share, equivalent to an annual rate of $1.14 per share, which was established January 2004. The dividend is payable April 1, 2005 to holders of record at the close of business on March 10, 2005. This is equivalent to an annual rate of $1.34 per share.
Constellation NewEnergy, a member of Constellation Energy (NYSE: CEG), 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 Canada and the United States, providing products that enable customers to effectively manage and control energy costs. Constellation NewEnergy's regional expertise coupled with its national presence provide 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 12,000 megawatts of peak load and more than 300 billion cubic feet of annual natural gas consumption.
Constellation Energy, a FORTUNE 200 company based in Baltimore, is the nation's largest competitive supplier of electricity to large commercial and industrial customers and the nation's largest wholesale power seller. Constellation Energy also manages fuels and energy services on behalf of energy intensive industries and utilities. It owns a diversified fleet of more than 100 generating units located throughout the United States, totaling approximately 12,000 megawatts of generating capacity. The company delivers electricity and natural gas through the Baltimore Gas and Electric Company (BGE), its regulated utility in Central Maryland. In 2004, the combined revenues of the integrated energy company totaled $12.5 billion.
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