Henry B. Barron Appointed President, CEO and Chief Nuclear Officer of
Constellation Energy Nuclear Group
BALTIMORE, March 3 /PRNewswire/ -- Constellation Energy (NYSE: CEG)
today announced it has elevated Michael J. Wallace to the position of vice
chairman, where he will lead and expand the development and deployment of
the company's advancing new nuclear strategy and its international
partnership, UniStar Nuclear Energy (UNE).
Constellation Energy also announced it has appointed Henry B. "Brew"
Barron as president, chief executive officer and chief nuclear officer of
Constellation Energy Nuclear Group (CENG). Brew Barron, a former Duke
Energy executive with 35 years of energy industry experience, will join
Constellation Energy on April 1, 2008, and immediately assume the duties
held by Mike Heffley, CENG's senior vice president and chief nuclear
officer. Heffley will retire May 1.
Wallace has been serving as executive vice president of Constellation
Energy and president and chief executive officer of CENG, and will transfer
those duties to Barron in several months. Wallace will continue to serve as
chairman of UNE, a strategic joint venture between Constellation Energy and
the EDF Group in France to develop new nuclear plants in North America. He
will focus on leading and expanding the company's new nuclear strategy,
including key relationship development.
George Vanderheyden continues his leadership role as president and
chief executive officer of UNE.
"We've made exceptional progress in developing Constellation Energy's
new nuclear strategy and establishing, through UniStar Nuclear Energy, a
comprehensive and robust international partnership that is well-positioned
to be a leader in the new nuclear renaissance," said Mayo A. Shattuck III,
chairman, president and chief executive officer of Constellation Energy.
"Mike Wallace brings the vision and unparalleled national and international
credentials to guide the next phase of our new nuclear activities."
Wallace, who joined Constellation Energy in 2002, has more than three
decades of nuclear utility experience, including responsibilities for
project completion of two of the last nuclear plants built in the United
States -- Commonwealth Edison's Braidwood and Byron nuclear stations.
Wallace's appointment to vice chairman of Constellation Energy is effective
immediately.
Barron's initial focus will be on the critical role of chief nuclear
officer overseeing safe operation of Constellation Energy's nuclear plants.
The fleet includes the Calvert Cliffs Nuclear Power Plant in Lusby, Md.,
the Nine Mile Point Nuclear Station in Scriba, N.Y., and the Ginna Nuclear
Power Station near Rochester, N.Y.
"Brew Barron's leadership skills and depth of experience are widely
recognized within the industry," said Shattuck. "I am confident he will
take our nuclear fleet to the next level of excellence by building on the
solid performance gains under Mike Wallace's leadership."
In the past five years, CENG's total nuclear generation has increased
32 percent and the capacity factor of its five nuclear reactors increased
to 93 percent, from 83.5 percent. In 2007, Constellation Energy's Calvert
Cliffs Nuclear Power Plant Unit 1 in southern Maryland had the highest
capacity factor in the world -- 102.33 percent.
Barron most recently served as group executive and chief nuclear
officer for Duke Energy. He served in a variety of management roles at
Duke's nuclear plants, and was vice president and general manager of
nuclear operations at the Department of Energy's Idaho National Laboratory
from 1994 to 1996, as part of the Duke Engineering & Services subsidiary.
Barron is a member of the Accrediting Board of the National Academy for
Nuclear Training, the Department of Energy's Nuclear Energy Advisory
Council and has served as the chairman of the Nuclear Energy Institute's
(NEI) Strategic Issues Advisory Committee.
A native of Fair Haven, N.J., Barron graduated from the University of
Virginia with a Bachelor of Science degree in nuclear engineering. He is a
past member of the American Nuclear Society where he served as chairman of
the reactor operations division and chairman of the Piedmont/Carolinas
Section.
Prior to joining Constellation Energy, Wallace was senior vice
president with Unicom/ComEd of Illinois (now Exelon), a then $7 billion
utility serving 3.4 million customers. He was also ComEd's chief nuclear
officer, responsible for 12 nuclear generating units at six sites. Wallace
is chairman of NEI's Security Working Group, chairman of the Nuclear Sector
Coordinating Council under Homeland Security's National Infrastructure
Protection Plan, chairman of the Partnership for Critical Infrastructure
Security (PCIS), member of NEI's New Plant Oversight Steering Committee and
a director of Nuclear Electric Insurance Limited.
Constellation Energy (http://www.constellation.com), a FORTUNE 125
company with 2007 revenues of $21 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.
SOURCE Constellation Energy
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CONTACT:
Media, Robert Gould or Maureen Brown,
+1-410-470-7433, Investors, Kevin Hadlock, +1-410-470-3647, or
Janet Mosher, +1-410-470-1884, all of Constellation Energy
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