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Baltimore Gas and Electric Company Selects Silver Spring Networks for Smart Grid Initiative

Central Maryland Customers and Future Generations to Benefit

September 1, 2010, Redwood City, CA - Silver Spring Networks, a leading provider of Smart Grid solutions, proudly announces that it has signed a definitive agreement with Baltimore Gas and Electric Company (BGE) to provide its smart grid platform and related software and services in support of BGE’s recently approved Smart Grid Initiative. Silver Spring will act as the prime contractor for networking technology, smart meters, gas modules and related solutions for a project that BGE has estimated will deliver more than $2.5billion worth of customer savings.

“BGE is pleased to partner with Silver Spring Networks in delivering the significant transformational benefits of smart grid to each of our 1.2 million customers,” said Kenneth W. DeFontes, Jr., president and chief executive officer of BGE. “Those benefits include at least $2.5 billion worth of savings for BGE customers over the life of the project, as well as major new enhancements in customer service and reliability. We look forward to benefiting from Silver Spring’s proven technology – technology that is the backbone of smart grid implementation by leading utilities throughout the U.S. and abroad.”

Silver Spring’s Smart Energy Platform will create a secure, end-to-end IPv6 platform for BGE to deliver on operational benefits today while also ensuring tomorrow’s energy challenges can be met with a scalable and open platform. In addition, it will help the state of Maryland meet its aggressive energy efficiency and conservation goals, enhance the services it provides its customers as well as add jobs, both direct and indirect, as a result of the implementation of its smart grid.

“BGE’s Smart Grid Initiative has defined a new standard for the global utility industry. Their vision will redefine consumers’ relationship with energy,” said Scott Lang, Chairman, President and CEO of Silver Spring Networks. “We are truly honored to be chosen by BGE to lead the delivery and execution of this important initiative.”

Through its deployment of the Silver Spring Smart Energy Platform, Silver Spring will deliver its proven and secure IPv6 network platform, advanced metering solution including smart meters from GE and L&G, gas modules, fully managed Utility IQ back office environments and deployment services to ensure a quality implementation of BGE’s smart grid. 

About Silver Spring Networks

Silver Spring Networks is a leading smart grid networking platform technology and solutions provider. We have connected over 10 million homes and businesses throughout the world with the goal of achieving greater energy efficiency for the planet. Our innovative products enable utilities to gain efficiencies,integrate renewable energy sources and empower customers to monitor and manage energy consumption. Silver Spring Networks’ utility clients include Baltimore Gas & Electric, CitiPower & Powercor, Florida Power & Light, Jemena Electricity Networks Limited, Pacific Gas & Electric and Pepco Holdings, Inc. among others.  For more information please visit www.silverspringnet.com.

About Baltimore Gas & Electric

BGE, www.bge.com, headquartered in Baltimore, is Maryland’s largest gas and electric utility, delivering power to more than 1.2 million electric customers and more than 640,000 natural gas customers in Central Maryland. The company’s approximately 3,000 employees are committed to the safe and reliable delivery of gas and electricity, as well as enhanced energy management, conservation, environmental stewardship and community assistance. BGE is a wholly owned subsidiary of Constellation Energy, www.constellation.com, a FORTUNE 500 company also headquartered in Baltimore, with subsidiaries that generate, sell and provide other energy-related services to customers throughout North America.

Media Contact:
Silver Spring Networks
Lisa Magnuson
415-531-9199
pr@silverspringnet.com

Baltimore Gas and Electric Company
Robert L. Gould
Linda J. Foy
410-470-7433
BGEMediaRelations@constellation.com