Brenda Boultwood Appointed Senior Vice President and Chief Risk Officer for Constellation Energy

BALTIMORE, Jan. 7 /PRNewswire-FirstCall/ -- Constellation Energy announced that Brenda Boultwood has been appointed senior vice president and chief risk officer, effective today. As chief risk officer, Boultwood will lead risk management activities for Constellation Energy and its businesses, including defining and assessing enterprise-wide business risks and facilitating proactive decision-making to effectively manage the risks associated with each business line. In her new position, she reports to John R. Collins, executive vice president and chief financial officer of Constellation Energy, who is an acknowledged leader in the field of risk management and had served as the company's chief risk officer since December 2001.

"We are pleased to welcome Brenda to Constellation Energy," said Collins. "She joins Constellation Energy with extensive risk management experience, along with a strong background in global markets and a solid understanding of energy markets. Constellation Energy has distinguished itself as being a leader in effectively managing risk enterprise-wide and within our businesses, and we believe that, under Brenda's insightful leadership, we will be able to continue to advance our strong risk management capability."

Prior to joining Constellation Energy, Boultwood most recently served as global head of strategy, Alternative Investment Services for J.P. Morgan Chase & Company, where she was responsible for developing strategy for the company's Hedge Fund Services, Private Equity Fund Services, Leveraged Loan Services and Global Derivative Services business lines. During her tenure at J.P. Morgan Chase, she also served as head, strategic risk management for its Treasury Services group and as global business head, Global Derivative Services of its Alternative Investment Services group. Boultwood joined J.P. Morgan Chase when it acquired Bank One Corporation in 2003. Prior to the merger, she held risk management positions with Bank One Corporation, having served as head, corporate market risk management and head, corporate operational risk management and then advancing to head, global risk management for its Global Treasury Services group. Boultwood also worked with PricewaterhouseCoopers as a senior manager in its Financial Risk Management Consulting Practice and was employed with Chemical Bank Corporation as a financial engineering associate. In addition, she spent six years teaching in the University of Maryland's Master of Business Administration program.

Boultwood graduated with honors from the University of South Carolina with a bachelor's degree in international relations. She also earned a Ph.D. in economics from the City University of New York.

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.