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Constellation NewEnergy Renews Power Agreement With Sundance Square:
03/10/2005

BALTIMORE. MD – Constellation Energy (NYSE: CEG) today announced that its subsidiary, Constellation NewEnergy, Inc., has renewed its electricity purchase agreement with Sundance Square, 20 square blocks of property in downtown Fort Worth encompassing more than two million square feet of office, retail and entertainment venues.

The renewed contract calls for a three-year agreement to service Sundance Squares approximately 39 metered locations.

Sundance Square is a signature real estate project with tremendous energy demands, said David Bat, vice president of the Texas region of Constellation NewEnergy. Were pleased to serve this project and appreciate the trust Sundance Square Management has placed in us to serve its electricity needs.

The delivery of reliable and cost-effective electricity service is paramount for our retail, office and residential tenants, said Johnny Campbell, president of Sundance Square Management Co. Constellation NewEnergy has proven to be a valuable resource in the marketing of Sundance Square as the premiere business addresses in downtown Ft. Worth. Were delighted to extend our relationship another three years.

Constellation NewEnergy also supplies energy service for The Nancy Lee and Perry R. Bass Performance Hall in Sundance Square. Besides its customers in Fort Worth, the company services the electricity needs of commercial and industrial users across the Metroplex.

Located in the heart of downtown Fort Worth, historic Sundance Square is a 20-block commercial, residential and entertainment/shopping district where people work, live, shop and dine. Sundance Squares beautiful landscaping, red-brick streets and turn-of-the-century buildings make it a pedestrians delight. Named after the famed Sundance Kid, who used the Fort Worth area as a hideout, Sundance Square has been hailed as a monumental achievement in urban redevelopment.

Sundance Square also boasts two Class A office towers consisting of 1.5 million square feet of office space  the 33-story Chase Texas Tower at 201 Main St. and the 38-story D.R. Horton Tower at 301 Commerce St. For more information, visit www.sundancesquaremanagement.com or call 817-255-5700.

Constellation NewEnergy, a member of Constellation Energy (NYSE: CEG), is a leading competitive supplier of electricity, natural gas and energy related services to commercial and industrial customers throughout North America. Constellation NewEnergy operates in all competitive energy markets throughout Canada and the United States, providing products that enable customers to effectively manage and control energy costs. Constellation NewEnergy's regional expertise coupled with its national presence provide customers with customized energy products and services while leveraging the assets of one of the strongest integrated energy companies in North America. Constellation NewEnergy, based in Baltimore, serves more than 8,000 commercial and industrial customers throughout 31 states and 3 Canadian provinces representing more than 12,000 megawatts of peak load and more than 300 billion cubic feet of annual natural gas consumption.

Constellation Energy, a FORTUNE 200 company based in Baltimore, 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 more than 100 generating units located throughout the United States, totaling approximately 12,000 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. In 2004, the combined revenues of the integrated energy company totaled $12.5 billion.