Tuesday, December 29, 2009

$36 Million To Constellation Energy Group Foundation

Company Will Give 1 Percent or More of Operating Income to Support Nonprofits

Constellation Energy Group (CEG) is contributing $36 million to the Constellation Energy Group Foundation in support of their commitment to improving the quality of life in communities where it has operations. The contribution is in connection to CEG's recently completed nuclear joint venture with Electricite de France and the will give 1 percent of annual operating income to support charitable organizations and causes.

CEG provides a wide range of programs, donations and grants to nonprofit organizations that make an impact in the company’s key areas of focus – energy, education, economic growth and the environment – as well as through employee involvement in the company’s efforts.


CEG supports organizations that offer energy assistance, as well as provide energy conservation and education to community members. In 2009, CEG donated $1 million to the Baltimore Community Foundation to establish the Baltimore Gas and Electric Company Heating System Fund, which will provide 200 new, energy-efficient furnaces to qualifying, limited-income customers in Baltimore who are in need of a heating system replacement.


CEG contributes resources to organizations that are making tangible strides in environmental preservation and restoration. In November of this year, employees joined with community members in Baltimore to plant trees as part of the company’s commitment to the TreeBaltimore initiative. CEG has pledged $300,000 over the next three years to plant 1,000 trees to help advance TreeBaltimore’s goal of increasing the city’s tree canopy.


CEG's contributions of time and resources to educational programs include supporting more than 100 scholars annually and emphasizing diversity and career development through organizations such as the CollegeBound Foundation, the Partners in Excellence Program and other scholarship funds.

Economic Growth

CEG works to revitalize its communities through partnerships with organizations like Chesapeake Habitat for Humanity. In 2009, CEG provided employee volunteers and financial support to help build 100 energy-efficient homes for limited-income families in Baltimore.

Employee Involvement

Through the Constellation Energy Kids initiative, children of CEG employees have prepared 700 hoagie sandwiches to help feed the homeless, assembled 300 baby bags for new mothers in homeless shelters, donated books to children in homeless shelters and created 1,500 basic needs care packages for children in homeless shelters. (BusinessWire, 12/28/09)

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