REDWOOD SHORES, CA, May 15, 2008 - Baltimore Gas and Electric Company (BGE), a subsidiary of Constellation Energy (NYSE: CEG), has selected Oracleâ Utilities Meter Data Management to leverage state-of-the-art, enterprise-level software as part of the utility’s pilot of an advanced metering initiative to enhance customer service and encourage energy efficiency.

BGE serves more than 1.2 million business and residential electric customers and more than 640,000 gas customers in Baltimore City and all, or part of, 10 Central Maryland counties. The utility’s Advanced Metering Infrastructure (AMI) pilot will deploy Oracle Utilities Meter Data Management in a pilot project for approximately 3,100 mostly residential customers and 6,000 meters from May through October 2008. Following the pilot, and provided that it receives permission from the state regulators to proceed, the company plans to implement the AMI program throughout its service area beginning in 2009.

To support its AMI pilot, BGE chose Oracle Utilities Meter Data Management to help it manage and analyze high volumes of meter data more effectively, while providing its customers with detailed, energy usage data that will help them drive down peak energy consumption and reduce their electric bills.

“We selected Oracle Utilities Meter Data Management for BGE’s AMI pilot because of the application’s flexibility and configurability. The implementation will allow us to develop a single system of record for all energy consumption information. We can analyze this information in a way that will support our development of various customer service programs with an ultimate goal of reducing energy consumption,” said Cathy Stryjewski, director, automated metering and demand response infrastructure, Baltimore Gas and Electric Company.

BGE also expects that the deployment of Oracle Utilities Meter Data Management will help it to reduce pressure on wholesale market prices during peak periods, streamline customer issue resolution and facilitate revenue collection.

In the future, BGE plans to integrate Oracle Utilities Meter Data Management with their existing Oracle Utilities Network Management System to help improve outage management processes with near real-time outage reporting – allowing the utility to view power outages and helping to reduce the need for customers to call BGE’s Customer Contact Center.

BGE’s AMI pilot is part of the utility’s overall effort to transform and expand customer options for reducing energy costs and managing energy usage. Announced in January 2007, BGE’s Smart Energy Savers ProgramSM initiatives include: PeakRewardsSM , a demand response program which uses next generation “smart” thermostats and load control switches to cycle customers’ A/C units during high-demand, high-price periods; the AMI pilot which will enable dynamic pricing and peak demand reductions; a Smart Energy Pricing (SEP) pilot to encourage customers to shift or reduce usage during peak times; and energy efficiency/conservation programs.

About Baltimore Gas and Electric Company
BGE, www.bge.com, headquartered in Baltimore, is Maryland's largest gas and electric utility, delivering power to more than 1.2 million electric customers and more than 640,000 natural gas customers in Central Maryland. The company's approximately 3,000 employees are committed to the safe and reliable delivery of gas and electricity, as well as enhanced energy management, conservation, environmental stewardship and community assistance. BGE is a wholly owned subsidiary of Constellation Energy, www.constellation.com, a FORTUNE 125 company also headquartered in Baltimore with subsidiaries that generate, sell and deliver energy and provide other energy-related services to customers throughout North America.

“Baltimore Gas and Electric Company is a premier utility service provider with a clear focus on reducing energy consumption through its advanced metering infrastructure program. We are pleased to deliver an enterprise-level meter data management offering built on open standards that allow pre-built integrations for additional flexibility that proprietary solutions can't beat. The fact that BGE is leveraging a wide range of products from Oracle’s open solution set, including Oracle Utilities Meter Data Management, will help provide customers with superior service while enabling smarter energy consumption,” said Quentin Grady, senior vice president and general manager, Oracle Utilities.

About Oracle Utilities
Oracle Utilities delivers the proven software applications that help utilities achieve competitive advantage, business performance excellence and a lower total cost of technology ownership. Oracle Utilities integrates industry-specific customer care and billing, network management, work and asset management, mobile workforce management and meter data management applications with the capabilities of Oracle’s industry-leading enterprise applications, business intelligence tools, middleware and database technologies. Oracle Utilities enables its customers to adapt more nimbly to market deregulation, meet ever-evolving customer demands, and deliver on commitments to environmental conservation. For more information, visit www.oracle.com/industries/utilities.

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