President of Constellation NewEnergy Named to The Greater Boston Chamber of Commerce Board of Directors

Michael P. Kagan joins other Greater Boston business and community leaders

as part of prestigious board

    BALTIMORE, Dec. 7 /PRNewswire-FirstCall/ -- Constellation Energy (
 CEG) today announced that Michael P. Kagan, president of its subsidiary,
 Constellation NewEnergy, has been appointed to The Greater Boston Chamber
 of Commerce board of directors. Kagan, who is based in Constellation
 NewEnergy's Boston office, was inducted on Thursday, Dec. 6.
 
     "We are pleased to welcome Michael to our board of directors," said
 Paul Guzzi, president and CEO of the Chamber. "As president of
 Constellation NewEnergy, Michael is a prominent member of the Greater
 Boston business community. In addition, his expertise and understanding of
 the evolving energy market makes him a valued addition to our board."
 
     As one of the region's leading competitive electricity suppliers to
 commercial and industrial customers, Constellation NewEnergy currently
 serves many of the Greater Boston area's top companies and organizations
 including the city of Boston, Boston University, Genzyme Corporation,
 Gillette Stadium and Staples, Inc.
 
     "Constellation NewEnergy values its strong relationship with the
 Greater Boston business community," said Kagan. "Boston is at the center of
 many of the innovations shaping the current market, including energy
 efficiency, green power and other sustainability practices. It is an
 exciting time and I look forward to contributing my perspective to the
 Chamber as it continues to take a leadership role on these important energy
 issues."
 
     Kagan was named president of Constellation NewEnergy in 2007. He leads
 the company's operations in the U.S. and Canada and is responsible for
 overall company performance, including business development and marketing.
 Prior to becoming president, he was the company's chief commercial officer
 responsible for major accounts and product development. Since joining
 NewEnergy in 1998, Kagan has been a part of the strategic leadership team,
 helping to oversee the expansion of the company's supply capabilities into
 new markets and the development of innovative risk management solutions for
 the company's largest customers.
 
     Constellation NewEnergy (www.newenergy.com), a wholly owned subsidiary
 of Constellation Energy ( CEG), is a leading competitive supplier of
 electricity, natural gas and energy-related services to commercial,
 industrial and institutional 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,
 provides 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 19,000 commercial, industrial and institutional customers throughout
 31 states and three Canadian provinces representing nearly 16,000 megawatts
 of peak load and more than 400 billion cubic feet of annual natural gas
 consumption.
 
     Constellation Energy (www.constellation.com), a FORTUNE 125 company
 with 2006 revenues of $19.3 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 78 generating units located
 throughout the United States, totaling approximately 8,700 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.
 
     The Greater Boston Chamber (www.bostonchamber.com) is a broad-based
 association representing 1,700 businesses of all sizes from virtually every
 industry and profession in our region. At the crossroads of business and
 government, Chamber members work together to ensure the long-term
 advancement of Greater Boston as one of the world's great metropolitan
 regions.
 
 
 

SOURCE Constellation Energy