2007 BusinessWeek Ranking Highlights Company's High Retention Rate of
Recent Graduate Employees
BALTIMORE, Nov. 14 /PRNewswire-FirstCall/ -- Constellation Energy
(NYSE: CEG) today announced that it has been recognized by BusinessWeek
magazine as one of the 95 best places to launch a career.
"Recognition of Constellation Energy by BusinessWeek as one of the best
places to launch a career is further affirmation of the value that we
create for our employees, and in turn, our customers and shareholders,"
said Mayo A. Shattuck, chairman, president and chief executive officer of
Constellation Energy. "Our employee development and benefits programs,
competitive performance-based compensation and position as the leading
provider of energy throughout North America, makes Constellation Energy an
extremely attractive enterprise in which to build a career. Furthermore,
it's validating to have our efforts to build a supportive and rewarding
culture for our employees recognized by the BusinessWeek ranking."
The magazine's second annual ranking of the best companies for new
college graduates is based on surveys of career services directors at U.S.
colleges, employers and college students. Constellation Energy's retention
rate of new graduate employees who stay with the company for at least five
years -- a particularly high 91 percent -- was touted by BusinessWeek as a
statistic that few employers can top.
Constellation Energy offers an array of programs to assist employees
with career development, including online learning centers, classroom
training and reimbursement for continuing education. With more than 10,000
employees in locations throughout North America and Europe, Constellation
Energy offers diverse work environments in a wide range of professions. It
is also one of the fastest growing and best performing companies in the
U.S., having also been named to the prestigious BusinessWeek 50 annual
ranking in 2007.
Constellation Energy (http://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.
SOURCE Constellation Energy
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CONTACT:
Robert L. Gould or Debra Larsson,
+1-410-470-7433
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