Thomas Brooks

The biggest gain by a firm in this year’s Fortune 500 is ConstellationEnergy’s leap from number 352 in 2003 to 203 in the 2004 list. That anenergy company would perform strongly in this list is a surprise to many. Andwhat makes Constellation’s success all the more intriguing is that it has,unlike many of its peers, remained firmly in favour of the competitive, merchantenergy model.

The company took advantage of the 2000–2002 exodus from a crowded fieldof merchant energy players, says Thomas