Schedules Second Quarter Earnings Release and Conference Call for Thursday,
July 31, 2008
BALTIMORE, July 18 /PRNewswire-FirstCall/ -- Constellation Energy
(NYSE: CEG) today announced at the company's Annual Meeting of Shareholders
that its preliminary estimate of second quarter adjusted earnings is
expected to significantly exceed the First Call earnings estimate consensus
of $0.91 per share.
"Based on the preliminary results for the second quarter of 2008, we
expect our results will significantly exceed Wall Street's expectations,"
said Mayo A. Shattuck III, chairman, president and chief executive officer
of Constellation Energy. "Our exceptional performance was driven by strong
execution at each of our operating divisions, with particularly strong
performance at our Global Commodities Group. We will provide complete
details on our second quarter conference call later this month."
The company will host a conference call at 8:30 a.m. (EDT) on Thursday,
July 31, 2008 to review the results.
To participate, analysts, investors, media and the public in the U.S.
may dial (888) 455-2894 shortly before 8:30 a.m. The international phone
number is (773) 681-5899. The conference password is ENERGY. A replay will
be available approximately one hour after the end of the call by dialing
(866) 483-9032 or (203) 369-1585 (international).
A live audio webcast of the conference call, presentation slides and
the earnings press release will be available on the Investor Relations page
of Constellation Energy's Web site (http://www.constellation.com). A
webcast replay, as well as a replay in downloadable MP3 format, will also
be available on the site shortly after the completion of the call. The call
will also be recorded and archived on the site.
Forward-Looking Statements
We make statements in this news release that are considered forward-
looking statements within the meaning of the Securities Exchange Act of
1934. These statements are not guarantees of our future performance and are
subject to risks, uncertainties and other important factors that could
cause our actual performance or achievements to be materially different
from those we project. For a full discussion of these risks, uncertainties
and factors, we encourage you to read our documents on file with the
Securities and Exchange Commission, including those set forth in our
periodic reports under the forward-looking statements and risk factors
sections. Except as required by law, we do not intend to update or revise
any forward-looking statements, whether as a result of new information,
future events or otherwise.
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 84 generating
units located throughout the United States, totaling approximately 9,000
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.
SOURCE Constellation Energy Group
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Related links:
http://www.constellation.com
http://www.prnewswire.com/comp/084087.html /
CONTACT:
Media, Diana L. Hayden, +1-410-470-7433, or
Investors, Kevin Hadlock, +1-410-470-3647, or Janet Mosher,
+1-410-470-1884, all for Constellation Energy Group
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