Constellation Energy Declares Quarterly Dividend

BALTIMORE, Oct. 20  /PRNewswire-FirstCall/ -- Constellation Energy (NYSE: CEG) today announced that its board of directors has declared a quarterly dividend of 37.75 cents per share on the company's common stock, equivalent to $1.51 per share annually. The dividend is payable Jan. 2, 2007, to shareholders of record at the close of business on Dec. 11, 2006.

In addition, Baltimore Gas and Electric Company (BGE) declared quarterly dividends at the specified rate for all of its outstanding preferred stock, payable Jan. 2, 2007, to shareholders of record at the close of business on Dec. 11, 2006.

Constellation Energy (http://www.constellation.com/), a FORTUNE 200 company with 2005 revenues of $17.1 billion, 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. 

DATASOURCE: Constellation Energy



CONTACT:  Media Contact: Angelique Rewers, [phone], or Investor

Contact: Kevin Hadlock, [phone], both of Constellation Energy



Web Site:  http://www.constellation.com/ 

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