Business & Finance
Business and Finance
Business and Finance
Tue, January 11, 2011 Constellation Energy Employees to Help Construct 11 Homes on 1/11/11 with Habitat for Humanity of San Antonio
SAN ANTONIO--([ BUSINESS WIRE ])--More than 200 Constellation Energy (NYSE: CEG) employees attending the companya™s annual sales meeting in San Antonio will participate in the construction of 11 energy efficient homes being developed by Habitat for Humanity of San Antonio. Constellation Energy also will sponsor the energy efficiency materials utilized in the homes as part of the a1.11.11 Build.a
"Our Habitat for Humanity projects are some of the most popular volunteer events among Constellation Energy employees who have been touched by stories of Habitat families, their challenges and circumstances, and ultimately their sweat equity, commitment, and hard work to build a new home and a better life"
aWe are excited to extend our longstanding relationship with Habitat for Humanity to San Antonio, and to help ensure these homes are as energy efficient and environmentally sustainable as possible,a said Mark Huston, managing director of Retail Energy for Constellation Energy. aThe energy savings created by efficient homes help lower bills and allow families to focus more on costs related to education and health carea"critical components in building strong families and successful communities.a
The energy efficient materials utilized in the San Antonio homes include: roof decking with a radiant barrier; ENERGY STAR-rated, light colored heat resistant shingles; fiber cement siding; ENERGY STAR-rated Low-E insulated glass windows; insulation; insulated exterior doors; low maintenance water saving landscaping; energy efficient gas direct vent furnaces; and ENERGY STAR- rated wall air conditioning units.
aWe want to ensure that our homes are good for the environment and good for our families once they move into them. As part of our ahand-up, not a hand-outa™ philosophy, we strive to do everything we can to help them become successful homeowners,a said Dennis L. Bechhold, HFHSA President and CEO. aThis relationship with Constellation Energy is so important to us because it is helping us continue this effort.a
The 1.11.11 Build event is part of a larger relationship between Constellation Energy and regional Habitat for Humanity partners. Constellation Energy is supporting more than 140 energy efficient Habitat homes through six regional Habitat relationships, to create critical energy savings and affordability forlimited income families. In each market, Constellation Energy is providing $5,000 per home for energy efficiency measures and LEED upgrades.
In San Antonio, the volunteers will work alongside some of the families who will eventually call these Habitat houses ahome.a
aOur Habitat for Humanity projects are some of the most popular volunteer events among Constellation Energy employees who have been touched by stories of Habitat families, their challenges and circumstances, and ultimately their sweat equity, commitment, and hard work to build a new home and a better life,a said Michael Kagan, chief retail sales officer for Constellation Energy. aWea™re bringing in employees from throughout the U.S. to participate in this worthwhile and rewarding project.a
Kagan noted that Constellation Energy will supply Green-e Energy certified renewable energy certificates from wind energy facilities to match 100 percent of the electricity used at the Westin Riverwalk during the companya™s meeting in San Antonio this week. Constellation Energy has more than 300 employees in Texas and approximately 10,000 employees nationwide. Habitat for Humanity of San Antonio was a natural fit for the groupa™s volunteer project given Constellation Energya™s national relationship with the organization and the San Antonio chaptera™s rating by the San Antonio Business Journal as the 5th largest San Antonio Green Residential Builder in 2010 and the only non profit on the list.
About Habitat for Humanity of San Antonio
Habitat for Humanity of San Antonio is an ecumenical, Christian organization working with hardworking families in need to build simple, decent and affordable homes without interest or profit. Habitat families are required to put in a minimum of 300 hours of asweat equity,a meaning they help build their own home, the homes of their neighbors and they attend home ownership education classes. In turn, they purchase their homes on a 0% interest, 20-year mortgage. Their payments average about $400 a month, or about half the fair market rent for a two-bedroom apartment in the city. HFHSA plans to build 55 homes in 2011.
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 in the United States and Canada, totaling approximately 12,000 megawatts of generating capacity, and is among the leading advocates for new nuclear development 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 $15.6 billion in 2009.
Directions to the Habitat build site: Take IH-35 South (toward Laredo), exit #149 (Highway 16), turn left at the light and go under the highway; Turn right on West Villaret Road (5th stoplight), turn left on Palo Alto Road (at dead end), turn right on Aragon Drive. Turn right on Maria Isabel, then left on Algo Dulce. Building will be on your right.
