Business & Finance
Business and Finance
Business and Finance
Thu, August 11, 2011 Constellation Energy Expands Competitive Electricity Supply For Commonwealth of Pennsylvania Customers
BALTIMORE--([ BUSINESS WIRE ])--Constellation Energy (NYSE: CEG) today announced it has signed a three-year agreement with the Commonwealth of Pennsylvania to provide competitive electricity supply to 185 more commonwealth customers, bringing to 5,900 the total number of public sector accounts Constellation serves in Pennsylvania.
"This contract expansion represents a vote of confidence for the service and competitive energy supply Constellation has provided thousands of public sector customers in Pennsylvania since 2004"
Constellation Energy began supplying energy to the 185 new customers throughout the state on Aug. 1, pursuant to a competitively bid power purchase contract with the statea™s Department of General Services seeking the abest valuea to help government entities control energy costs.
aThis contract expansion represents a vote of confidence for the service and competitive energy supply Constellation has provided thousands of public sector customers in Pennsylvania since 2004,a said Louis Hutchinson, Constellation Energya™s senior vice president, Public Sector. aWe look forward to continuing to help the Commonwealth of Pennsylvania control energy costs.a
Colleges, local governments and state agencies are among the customers served by Constellation Energy. They include the Department of Transportation, Department of Public Works, the city of Lancaster, Berks County Convention Center and West Chester University.
Constellation Energy serves more than 150 federal agency and institutional customer accounts with electricity and natural gas supply, including more than 375,000 renewable energy credits, approximately 1.7 BCF (billion cubic feet) of natural gas and approximately 6.9 million MWh of electricity to the U.S. Capitol, Kennedy Center, Smithsonian Institution, FBI and Federal Reserve, among many others.
In addition, Constellation Energy is a federally approved provider of demand response services for both military and civilian government agencies, enabling eligible federal sites to earn money by shedding load during times of peak energy demand such as the high temperatures throughout much of the nation in recent weeks.
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.
