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Constellation NewEnergy Names Ken Chodnicki Vice President and Regional Leader in Mid-Atlantic:
11/18/2004

BALTIMORE, MD – PRNewswire-FirstCall/ -- Constellation Energy (NYSE: CEG) today announced that its subsidiary, Constellation NewEnergy (CNE), has named Kenneth B. Chodnicki as vice president and regional leader of its Mid-Atlantic office.

Chodnicki has more than 21 years of domestic and international sales experience, including 18 years with IBM. He also has held leadership positions at First Service Networks, a national managed services firm in Maryland, and the Cedar Group, a global consulting, applications and outsourcing firm based in Baltimore.

"Ken brings a tremendous record of sales achievement," said Jonathan Moore, senior vice president and chief operating officer, Constellation NewEnergy. "He knows the Maryland and Mid-Atlantic business community and has the enthusiasm we need to grow this market."

Chodnicki replaces Ed Toppi, who ran this group for four and a half years and is transitioning to a senior position in Constellation NewEnergy's Operations unit.

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.