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