In our January/February 2005 story "The 2004 Global Energy Awards" we incorrectly identified the award received by Constellation Energy. The correct caption follows.
The 2004 Energy Company of the Year Award went to Constellation Energy. Constellation is one of the largest wholesalers of electricity in the U.S. and a leading supplier of power to large C&I customers, and its Baltimore Gas and Electric Co. subsidiary is a major distributor of both kinds of energy. Over the past year, the company grew its earnings at a double-digit rate; over the past three years, its annual revenues tripled from $3.7 billion to $11.8 billion. Constellation owns or co-owns 107 generating units at 35 locations in 11 states. From left to right are: Jim Downham, senior VP and COO of Platts; E. Follin Smith, executive VP, CFO, and chief administrative officer of Constellation; Harry Sachinis, president of Platts and the Business Information Group of The McGraw-Hill Companies; and Colette Lewiner, global leader of Capgemini's Energy, Utilities & Chemicals Practice.