constellation.
California's RPS Program requires each utility to increase its procurement
of eligible renewable generating resources by 1% of load per year to achieve a
20% renewables goal.

In the United States today, Ratcliffe noted, coal produces about 54
percent of the nation 's electricity; 65 percent in the Southeast. It is not in a foreign
land. Still,
renewables must and will be a part of the mix.
Southern Company's projected investment of more than $6 billion over the
next decade will further lower those emissions and mercury emissions by 70
percent from today's levels.
"We've taken the initiative over the years to develop new technologies to
provide reliable and economical power while reducing our emissions
substantially," said Ratcliffe.

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com), 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 .com), 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.

Pacific Gas and Electric Company Adds More Renewable Geothermal Energy to Electric Mix

This is the final contract originating from the 2004 RFO solicitation and
brings the total renewable generation added as a result to 353 MW. We're working hard to help America implement
practical, common-sense solutions to the challenge of providing more
electricity while reducing our environmental impact .
- Actively involved in a $1 billion, 10-year DOE project known as
FutureGen to develop an advanced coal plant with carbon capture and
sequestration -- basically, a plant with no emissions. producer of
electricity.

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It
owns a diversified fleet of more than 100 generating units located throughout
the United States, totaling approximately 12,000 megawatts of generating
capacity .

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Constellation NewEnergy (http://www.newscom. He noted that Southern company is:
- Developing technologies that turn coal into electricity both cleanly
and safely. Department of Energy has awarded Southern Company
a $200 million grant to build a unique power plant that will be among
the cleanest and most efficient in the world, while producing 20-25
percent less carbon dioxide than conventional coal-based plants. "We have been participating in the scientific ,
technical and policy parts of the issue for more than a decade,"
Ratcliffe said .

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"At Southern Company, we've already
invested nearly $2 billion to lower our emissions ."
Ratcliffe noted that electricity demand is expected to rise more than 30
percent during the next 15 years in the Southeast, one of the fastest-growing
regions in the United States."
Ratcliffe outlined other environmental initiatives, noting that Southern
Company is:
- Investing $5 million in developing the nation's first mercury research
test center, which will evaluate the latest technologies for reducing
mercury emissions from power plants. Southern Company owns electric utilities in four states, a
growing competitive generation company and a competitive retail natural gas
business, as well as fiber optics and wireless communications. Visit the Southern Company Web site
at http://www.

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S.5 billion.
"And as our 21st Century high-tech economy expands , and our population
grows, the demand for energy will be even greater," he said."
Southern Company believes technology is the answer to address energy
policy and energy demand, said Ratcliffe .southerncompany.

ucan oecd

com. ATLANTA, In his first major speech
addressing energy policy issues, Southern Company Chairman, President and CEO
David Ratcliffe said that the company is working hard to achieve a "delicate
balance" of providing more, affordable electricity to a growing region while
continuing to lower emissions from its power plants. "Coal is here.S.

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"Continued development of electric restructuring in Michigan and Ohio is
critical to the economic well-being of those states," said Constellation
NewEnergy President Clem Palevich.newenergy. This agreement represents another milestone for PG+E
towards its goal of supplying 20% of customer needs with qualifying renewable
energy under the RPS program. The 2006 RPS solicitation will be PG+E's fourth
competitive solicitation for renewable energy since 2002. "It should be operational by 2011.

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Constellation NewEnergy's regional expertise, coupled
with its national presence, provides customers with customized energy products
and services while leveraging the assets of one of the strongest integrated
energy companies in North America.
(Logo: http://www. "For example, we've managed more than
$400 million in environmental research and development over the past decade,
including our work at the Power Systems Development Facility in Alabama, the
nation's only advanced coal research center.

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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. New Agreement to Provide Enough Renewable Electricity for Nearly
100,000 PG+E Customers

SAN FRANCISCO, Pacific Gas and Electric
Company announced it has entered into a contract with Military Pass- Newberry
Volcano Project, LLC to purchase up to 120 megawatts (MW) of renewable
geothermal energy resources to help meet its customers' future electricity
needs."
PG+E has a long history of developing, generating, and purchasing
renewable power. "Nuclear power emits no greenhouse gases ," noted Ratcliffe, who
also said the company has sent to the Nuclear Regulatory Commission its
intent to file an early site permit in order to move the process along
should it decide to build a new nuclear unit.

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Harvill as vice president, regional regulatory and government
affairs. Electric generation from this renewable energy resource will provide
enough power to supply nearly 100,000 PG+E customers. We are investing in people and in technology.

hydropower exploiting

The utility currently supplies 30% of its customer load from
renewable resources: 18% from its large hydroelectric facilities and 12% from
smaller renewable resources that qualify under the State's Renewable Portfolio
Standard (RPS) Program.

com/cgi-bin/prnh/20020207/SOCOLOGO )
"Our nation not only wants electricity when they need it, we want it at a
cost we can afford and we also want it cleaner," Ratcliffe said today in his
speech to the Rotary Club of Atlanta.S. Southern Company
has more than 500,000 shareholders , making its common stock one of the most
widely held in the United States.

exploiting photovoltaic

The RPS Program was passed by the Legislature and is
managed by California's Public Utilities Commission and Energy Commission .

Southern Company Chairman President and CEO David Ratcliffe Addresses Energy Policy Issues

"All of these people will want -- and expect -- reliable, affordable
electricity," Ratcliffe said . "We face a long-term energy crisis in America,
and we can no longer hope that short-term fixes will make the problem go
away. energy
demand.

"We are finding ways to burn coal more cleanly, to advance the next
generation of nuclear plants and to invest in the potential of renewable
energy sources, like wind and biomass," Ratcliffe concluded.
Southern Company has been ranked the nation's top energy utility in the
American Customer Satisfaction Index five years in a row.

watchdogging hydropower

Constellation NewEnergy Names Terry Harvill Vice President Regional Regulatory and Government Affairs for Ohio and Michigan

BALTIMORE, Constellation Energy
(NYSE: CEG) today announced that its subsidiary, Constellation NewEnergy, has
named Terry S."
"We are pleased that Terry has joined Constellation NewEnergy," said
Carrie Cullen Hitt, vice president, regulatory affairs for Constellation
NewEnergy. In this
position, Harvill also was responsible for electric, natural gas and
telecommunications restructuring and deregulation legislative efforts at the
state and federal levels., was selected as one of 20
U. In 2004, the combined revenues of the integrated energy company
totaled $12.
For more information about Pacific Gas and Electric Company, please visit
the company's web site at http://www.pge. We are about to embark on
the largest and most expensive pollution control program ever undertaken by a
U.

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Constellation Energy also manages fuels and
energy services on behalf of energy intensive industries and utilities. Nuclear
power, nationally, accounts for about 22 percent , and natural gas about 12
percent. "If you take out hydro,
renewable sources like wind and solar only provide about 2 percent of our
nation's energy needs," he said."
- Actively involved as a founding member of the NuStart Consortium, a
partnership of nuclear utilities seeking to make sure the next
generation of nuclear power is an option in meeting growing U. "In the end, we
have the responsibility to keep the lights on, and we take it seriously.

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He is a past member
of the Board of Advisors of the Institute for Regulatory Policy Studies at
Illinois State University and the Harvard Electricity Policy Group."
Ratcliffe also noted that renewable sources make up about 9 percent of the
nation's electricity generation, which includes hydro. "Future expansion is currently limited by
supply, reliability and the much higher cost of renewable options.
- Expanding research into biomass for power generation by testing a
process to gasify biomass , such as switchgrass that can be grown in
Southern Company's territory.
- Investing more than half a million dollars in a joint partnership with
Georgia Tech to study the feasibility of installing wind turbines off
the coast of Georgia. During that same 15-year
period, the company has increased its generation 30 percent to meet demand.
- Actively involved as a founding member of the Department of Energy's
Climate Challenge Program, participating in a diverse portfolio of
voluntary actions to address carbon dioxide and other greenhouse gas
emissions.

exploiting deregulation

Harvill, who currently resides in Novi, Mich. And we are working in that
area, too.
- Funding a project to perform site selection and process identification
for CO2 capture and storage test centers at four company facilities."
With more than 4 million customers and nearly 39,000 megawatts of
generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier
super-regional energy company in the Southeast and a leading U.

photovoltaic deregulation

Harvill is responsible for directing Constellation NewEnergy's
regulatory activities in Ohio and Michigan. The company delivers electricity and natural gas through the
Baltimore Gas and Electric Company (BGE), its regulated utility in Central
Maryland. Since then, it has
entered into contracts for 563 MW of renewable power from wind, geothermal,
biomass, and hydro resources, including the contract signed today." He went on to say that demand for energy is on the rise, pointing out
that the nation is "much too dependent on foreign oil" and that the potential
impact of climate change is a concern.
- Participating in Climate VISION with a pledge to work toward a goal of
reducing the industry 's greenhouse gas emissions rate 3-5 percent over
the next decade. The
choices we are making today will ensure future generations can enjoy the
extraordinary standard of living we have in the South.

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He also was Illinois
Governor Jim Edgar's assistant for business and economic development , with
responsibility for developing the governor's overall economic development
strategy, providing legislative analysis and guidance to the governor on
business and economic development issues and regulatory operations.
"The addition of this geothermal generation further adds to PG+E's diverse
and renewable energy resources and ensures that more than thirty percent of
our northern and central California customers' energy needs will come from
hydroelectricity and renewable sources," said Fong Wan, vice president of
Energy Procurement. utility -- we'll spend $6 billion over the next 10 years to drive our
emissions down even further. The rest comes from hydroelectric, oil and some renewable sources. The U.

lcg watchdogging

The U.S. We must continue to use coal,
although we must use it more efficiently and cleanly. "We must develop a smart, sensible

energy policy, driven by technology that assures electricity is affordable and
reliable for everyone."
Ratcliffe gave specific examples of the company's investments in new
technologies.

lcg hydropower

"His strong background and expertise in regulatory affairs will be
invaluable to us as the energy marketplace in this region continues to evolve
and expand. "These new resources will add to a generating portfolio
that already has one of the lowest rates of air emissions in the country.S.

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"Constellation NewEnergy's commitment to
ensuring that customers receive the benefits of competition and that the
market rules work effectively is stronger than ever.
To continue to increase its renewable energy portfolio, PG+E recently
filed protocols with the CPUC for its 2006 renewable energy procurement
solicitation. In this upcoming solicitation for additional generation from
renewable resources, the company is seeking to procure an additional
1-2 percent of its customers' electricity needs through renewable sources.S.

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Constellation Energy (http://www.
PG+E anticipates issuing the solicitation in early summer, after receiving the
necessary CPUC approval. As compared to the fact that more than 95% of the world's known natural
gas reserves lay outside the United States.

Ratcliffe said that the company's $2 billion investment in environmental
controls has lowered emissions of two major pollutants - sulfur dioxide and
nitrogen oxides - nearly 40 percent since 1990.

biomass hydropower

"
Prior to joining Constellation NewEnergy , Harvill was the director of
regulatory policy and operations for DTE Energy Company in Michigan and served
as a commissioner of the Illinois Commerce Commission. participants in the European Union Visitors Program. Census Bureau reports that nearly 40
percent of the nation's population will live in the South by the year 2030.
- Playing a leadership role in addressing the complex and controversial
issue of climate change. Southern
Company brands are known for excellent customer service , high reliability and
retail electric prices that are 15 percent below the national average.com .

biomass proliferation

Constellation NewEnergy, based in
Baltimore, serves more than 10,000 commercial and industrial customers
throughout 31 states and 3 Canadian provinces representing more than 15,000
megawatts of peak load and more than 300 billion cubic feet of annual natural
gas consumption . PG+E is
currently in discussion with certain market participants that submitted bids
in the 2005 RFO solicitation and will be submitting additional contracts for
renewable energy in the next few months.
"As we look to the future, here's what we know: There is a 250-year supply
of coal in the United States, compared with about 50 years of a known supply
of natural gas," Ratcliffe explained . "I
want to emphasize that we're building the plant now -- not just
thinking about it," Ratcliffe said. This has the potential to be cost-
competitive when compared with other forms of renewable energy.