Constellation Energy (NYSE:CEG) today announced the appointment of Elizabeth (Betsy) E. Cadwallader as vice president, credit risk management, effective June 29. In this new role, Cadwallader is leading credit risk management for the company, executing and coordinating activities across both wholesale and retail credit risk management. She reports to Brenda Boultwood, senior vice president and chief risk officer, Constellation Energy.

“With more than 25 years of leadership experience in the financial and banking industries, Betsy’s extensive knowledge and expertise in risk assessment and management practices and credit risk management make her an excellent addition to Constellation Energy’s risk management organization,” said Boultwood.

Prior to joining Constellation Energy, Cadwallader most recently was managing director at J.P. Morgan, responsible for U.S. Origination and Portfolio management of JPM Mezzanine Capital, a proprietary principal investment management strategy of J.P. Morgan. Her key activities included managing new asset origination and risk assessment, credit approval and ongoing portfolio administration, as impacted by both market and fundamental credit events. In addition, Cadwallader has extensive experience as a credit risk manager with J.P. Morgan, Bank of America and Bank One, NA.

Cadwallader graduated from Miami University, Oxford, Ohio, with a bachelor’s degree in finance. She also earned her Master of Business Administration degree, with a concentration in finance, from the University of Cincinnati.

About Constellation Energy

Constellation Energy (www.constellation.com) is a leading supplier of energy products and services to wholesale and retail electric and natural gas customers. It owns a diversified fleet of generating units located throughout the United States, totaling approximately 9,000 megawatts of generating capacity, and is among the leaders pursuing the development of new nuclear plants in the United States. The company delivers electricity and natural gas through the Baltimore Gas and Electric Company (BGE), its regulated utility in Central Maryland. A FORTUNE 500 company headquartered in Baltimore, Constellation Energy had revenues of $19.8 billion in 2008.

Constellation Energy
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