The Way Energy Works
Our success comes from having a strategy for the competitive marketplace and the right products and services all along the value chain. We have an unmatched combination of risk management expertise, customer focus and logistical capabilities.
For us, this is the way energy works.
We are now the largest provider of power to wholesale and commercial and industrial customers in North America.
We are succeeding with our regulated utility, Baltimore Gas and Electric (BGE), which ranks among the best 10 percent of comparable companies in operating cost per customer and has earned top-quartile business customer satisfaction ratings from the J.D. Power survey.
We have also demonstrated success in the integration of businesses that fit with our strategic model. After adding a series of acquisitions to complement Constellation NewEnergy during 2003, we purchased the Ginna Nuclear Power Plant in 2004 and integrated its 495 megawatts and staff of 444 employees into our company quickly and seamlessly.
Throughout our business, we use rigorous methodologies, like Six Sigma, to improve processes and drive out inefficiencies.
By being a low-cost provider, we remain well positioned for the competitive marketplace. Electric power in particular is a unique commodity, vital to us all and of great economic importance to many businesses. Our customers rely on us to help them strategically manage their energy needs for their own competitive advantage.
Others are noticing. FORTUNE magazine has named us America's Most Admired Energy Company. We were also selected as 2004 Energy Company of the Year at the Platts Global Energy Awards. This type of recognition is gratifying and rewarding to our employees, customers and shareholders.
