BGE HOME President and CEO William H. Munn to Retire

BALTIMORE, Feb. 12 /PRNewswire-FirstCall/ -- Constellation Energy today announced that William H. Munn is retiring as president and chief executive officer of its BGE HOME subsidiary effective in March and will be succeeded by Kevin Klages, currently chief operating officer. Munn plans to spend more time with his family and expand his current non-profit board activities.

As president the past 13 years, Munn has been the driving force behind the growth and success of BGE HOME as it matured from a regional storefront retailer into a high efficiency Home Comfort Sales and Service Business, as well as a recognized leader in the sale of high efficiency HVAC equipment.

"Bill and his team have positioned BGE HOME to be a leader in the fast- growing high-efficiency HVAC sector," said Thomas F. Brady, executive vice president, corporate strategy, Constellation Energy. "Under his leadership, the company has made great strides and, most impressively, has done so while boosting customer satisfaction to 96 percent. I'm confident Kevin will build on Bill's track record of strong growth and BGE HOME's unmatched commitment to customer service."

Klages, who has been with BGE HOME since its founding, will succeed Munn. Klages earned a bachelor's degree from Loyola College and a master's degree from the University of Baltimore. Klages serves as the American Cancer Society's Board Representative to the United Way of Central Maryland.

BGE HOME, based in White Marsh, Maryland, provides heating, air conditioning, plumbing, and electrical sales and service; appliance repairs; and window and door replacements. The company's customers include residential and small commercial, throughout Maryland.

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.