Mayo A Shattuck III

Chairman, President and CEO, Constellation Energy
Director since 1994*

Chair of the Executive Committee

Yves C de Balmann

Co-Chairman, Bregal Investments
Director since 2003

Member of the Audit Committee

Ann C Berzin

Retired Chairman and Chief Executive Officer of Financial Guaranty Insurance Company
Director since 2008

Member of the Audit Committee

James T Brady

Managing Director, Mid-Atlantic of Ballantrae International, Ltd.
Director since 1998*

Member of the Executive Committee
Chair of the Audit Committee

James R Curtiss Esq.

Retired Partner, Winston & Strawn
Director since 1994**

Member of the Executive Committee
Chair of the Committee on Nuclear Power Committee

Dr. Freeman A Hrabowski III

President, University of Maryland Baltimore County
Director since 1994**

Member of the Executive Committee
Member of the Compensation Committee
Chair of the Nominating and Corporate Governance Committee

Nancy Lampton

Chairman and CEO, American Life and Accident Insurance Company of Kentucky
Director since 1994**

Member of the Committee on Nuclear Power Committee

Robert J Lawless

Retired Chairman, McCormick & Company, Inc.
Director since 2002

Lead Director
Member of the Executive Committee
Chair of the Compensation Committee
Member of the Nominating and Corporate Governance Committee

John L Skolds

President and Chief Operating Officer, Outer Banks Ocean Energy Corp., and retired Executive Vice President, Exelon Corporation
Director since 2007

Member of the Audit Committee
Member of the Committee on Nuclear Power Committee

Michael D Sullivan

Chairman, ADVANCARE Health Care, LLC
Director since 1992**

Member of the Compensation Committee
Member of the Nominating and Corporate Governance Committee

* Formerly a Director of a company subsidiary, was elected to the Constellation Energy Board of Directors in May 1999.

** Formerly a BGE Director, was elected to the Constellation Energy Board of Directors in April 1999 at the formation of the holding company.

Director Compensation

Directors receive the following compensation:

• $50,000 annual retainer, a $10,000 annual retainer for the audit committee chairperson and a $5,000 annual retainer for each other committee chairperson
• Annual common stock award with a value of approximately $85,000, which stock is subject to pro rata forfeiture if Board service ceases during the year
• $1,500 fee for each regular or special Board or Board committee meeting attended
• Reasonable travel expenses to attend meetings

Directors have the opportunity to elect to defer some or all of their retainers in deferred stock units or in a cash account, to defer their restricted stock award into deferred stock units and to defer some or all of their fees in a cash account. Deferred stock units are bookkeeping entries that track the performance of Constellation Energy common stock and are not actual shares of stock. The bookkeeping entries reflect Constellation Energy common stock price changes, dividends, stock splits and other capital changes. At the end of their Board service, directors receive cash based on the value of their deferred stock units.

Under share ownership guidelines, each non-employee director is required to acquire and maintain holdings of Constellation Energy stock (including deferred stock units) equal to at least five times the annual cash retainer.