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Constellation Energy aPower Playa for Capitalsa? Playoff Series Highlights Electric Choice Savings for Washington, D.C., Maryla

^{Published on 2011-04-14 12:10:16 - Market Wire}
 

BALTIMORE--([ BUSINESS WIRE ])--Constellation Energy (NYSE: CEG), a leading competitive electricity supplier and presenting sponsor of the Washington Capitalsa™ playoff bid, is offering Pepcoa™s Washington, D.C. and Maryland electric customers price certainty and potential savings of 6 to 12 percent compared with their current home electricity rates.

"Because Maryland and Washington, D.C. let electricity suppliers compete for your business, you win. Constellation is proud to help power homes and businesses in the nation's capital"

Constellation Energy is promoting the special apower playa savings during the National Hockey Leaguea™s playoff series between the Washington Capitals and New York Rangers which began Wednesday at Verizon Center.

More than 150,000 Washington, D.C. households in the Pepco service territory may be eligible to take advantage of two Constellation Energy options to potentially save against Pepcoa™s current price of Standard Offer Service electricity for rate Schedule R: a one-year plan to lower their current electricity rate by 6 percent, or a two-year plan with a 10 percent rate reduction compared with Pepcoa™s current price. Constellation Energy, through its Constellation Electric subsidiary, is also offering a two-year plan with potential savings of 12 percent compared to Pepcoa™s current Standard Offer Service price for residents under Schedule R in Maryland.*

aBecause Maryland and Washington, D.C. let electricity suppliers compete for your business, you win. Constellation is proud to help power homes and businesses in the nation's capital,a said Jim Connaughton, Constellation Energy executive vice president for Corporate Affairs, Public and Environmental Policy. aLeta™s go Caps!a

Bruce Stewart, chief marketing officer for Constellation Energy, added, "We are thrilled to sponsor the Capitalsa™ championship bid while also giving Washington, D.C. area residents their own power play -- the opportunity to shop and potentially save on their electricity rate at home. More and more residential customers are demanding a choice in electricity providers, just as they did with Internet and phone service. We are excited to meet that demand while also providing leading energy services to Washington, D.C. and Maryland business and public sector customers.a

Constellation Energya™s prominent public customers include the U.S. Capitol, the Kennedy Center, Smithsonian Institution, the FBI and the Federal Reserve.

In addition to Washington, D.C., Constellation Energy previously announced residential electric offers to homeowners and renters in Maryland, New Jersey and Illinois.

For Pepco customers who choose Constellation Energy in Washington, D.C. and Maryland, Pepco will continue to bill their accounts, deliver electricity over the same poles and wires, and handle inquiries about service outages. Customers can switch to a competitive electric supplier and it will have no impact on utility service reliability. For more information on eligibility and enrollment, and for full offer and pricing terms and conditions, consumers may visit [ home.constellation.com ]

* Constellation Energy includes its subsidiaries, Constellation NewEnergy, Inc. and BGE Home Products & Services, Inc. doing business as Constellation Electric. BGE HOME is not the same company as BGE, a regulated utility. Electric service offered and provided by Constellation NewEnergy in D.C. (D.C. Electric Supplier License DOCKET EA01-5, ORDER# 12039) and by Constellation Electric in Maryland (MD Electricity Supplier License # IR-228). Estimated savings are calculated against Pepco-DCa™s and Pepco-MDa™s current price of Standard Offer Service (SOS) electricity for rate Schedule R. Pepco-DCa™s current SOS electricity for rate Schedule R is 11.06/kWh in effect through May 31, 2011, subject to Pepco-DCa™s monthly Procurement Cost Adjustment. Savings for residential customers on Pepco-DCa™s rate Schedules AE, RAD, RAD AE and RTM may be lower or a customer may not see any savings. Pepco-DCa™s price for SOS electricity for rate Schedule R is 10.05/kWh from June 1, 2011 through Oct. 31, 2011, and 9.63/kWh from Nov. 1, 2011 through May 31, 2012, subject to Pepco-DCa™s monthly Procurement Cost Adjustment. Pepco-DCa™s price of SOS electricity after May 31, 2012 has not yet been set. Pepco-MDa™s current price for SOS electricity is 10.36/kWh from Oct. 1, 2010 through May 31, 2011. Pepco-MDa™s weighted average price of SOS electricity is 11.19/kWh through May 31, 2011 for rate class R and 11.13/kWh for rate class RTM. Accordingly, for rate class RTM customers, savings will be slightly lower. Pepco-MDa™s price of SOS electricity after May 31, 2011 has not yet been set. All prices quoted are for electricity commodity supply service (including transmission) only and do not include any applicable taxes, utility distribution charges or other utility fees or charges.

About Constellation Energy

Constellation Energy ([ www.constellation.com ]) is a leading competitive supplier of power, natural gas and energy products and services for homes and businesses across the continental United States. It owns a diversified fleet of generating units, totaling approximately 12,000 megawatts of generating capacity, and is a leading advocate for clean, environmentally sustainable energy sources, such as solar power and nuclear energy. 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 $14.3 billion in 2010.