BALTIMORE, April 7, 2008 /PRNewswire-FirstCall/ -- Constellation Energy
(NYSE: CEG) today announced it has been named to the BusinessWeek 50 annual
ranking of the best performing companies for the second consecutive year.
Constellation Energy is ranked No. 39 on the list, which can be found in
the April 7 issue of BusinessWeek magazine.
"We take great pride in being named to the BusinessWeek 50 list because
it highlights the achievements of some of the most innovative and
successful growth-oriented companies in the world," said Mayo A. Shattuck
III, chairman, president and chief executive officer of Constellation
Energy. "Of all the factors contributing to Constellation Energy's success,
I believe the most important are an intense competitive spirit and an
enduring commitment to high performance. Our shared goal at Constellation
Energy is to consistently deliver world-class results, and it's very
gratifying that Constellation Energy's performance has once again earned us
a spot on BusinessWeek's ranking of world-class companies."
The BusinessWeek 50 is comprised of the "over-achievers" from each of
the 10 sectors that make up the S&P 500 and ranks the companies through a
propriety screening process, with an emphasis on return on investment and
sales growth over the past three years. In 2007, Constellation Energy
generated $21.2 billion in revenues and grew adjusted earnings by 27
percent.
According to BusinessWeek, management vision that spurns conventional
wisdom is one trait that many companies on the list had in common. Based on
a three-year measurement period, BusinessWeek also indicated that the Class
of 2008 is among the most global groups of companies since they first
published their rankings in 1997.
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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