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News & Events
Constellation NewEnergy Named Electricity Supplier of Choice By Manufacturing Alliance of Connecticut
09/19/2005
BALTIMORE, MD Constellation Energy (NYSE:CEG) today announced that its subsidiary, Constellation NewEnergy, has been selected as the electricity supplier of choice by the Manufacturing Alliance of Connecticut (MAC). Constellation NewEnergy was chosen by MAC for its competitive pricing, reliability and flexibility. Constellation and MAC partnered to bring manufacturers throughout Connecticut an exciting and unique offer that will help association members stabilize energy costs in a rising market. Forty-four MAC members, with a combined load of approximately 33MW, have already taken advantage of the offer. We are delighted that Connecticuts largest manufacturing trade association, representing over 600 manufacturers, has selected Constellation NewEnergy as its electricity provider and we look forward to providing competitively priced electricity products to members, said Michael Kagan, vice president, Constellation NewEnergy, New England. Constellation NewEnergy serves several other associations throughout New England and the offerings we provide are customized to fit each associations unique membership needs and requirements. MAC was the first aggregator in Connecticut to register with the Department of Public Utilities Control in 1999. It is also the first aggregator to offer members an electricity procurement program. Since 1998 when the deregulation bill passed we have waited for the statute and the market to be aligned in a manner that allowed a beneficial aggregation project, said Frank Johnson, president of MAC. The time has come and we are thrilled to partner with Constellation NewEnergy. This will be the first significant electric pool created in Connecticut and we expect it will continue to grow as manufacturers work to avoid price volatility in the coming years. This program offers a desirable price, cost stability, reliability and flexibility; four necessary components in any successful aggregation project. Constellation NewEnergy, a member of Constellation Energy (NYSE: CEG), is a leading competitive supplier of electricity, natural gas and energy related services to commercial and industrial customers throughout North America. Constellation NewEnergy operates in all competitive energy markets throughout Canada and the United States, providing products that enable customers to effectively manage and control energy costs. Constellation NewEnergy's regional expertise coupled with its national presence provide customers with customized energy products and services while leveraging the assets of one of the strongest integrated energy companies in North America. Constellation NewEnergy, based in Baltimore, serves more than 8,000 commercial and industrial customers throughout 31 states and 3 Canadian provinces representing more than 12,000 megawatts of peak load and more than 300 billion cubic feet of annual natural gas consumption. Constellation Energy, a FORTUNE 200 company based in Baltimore, is the nation's largest competitive supplier of electricity to large commercial and industrial customers and the nation's largest wholesale power seller. Constellation Energy also manages fuels and energy services on behalf of energy intensive industries and utilities. It owns a diversified fleet of more than 100 generating units located throughout the United States, totaling approximately 12,000 megawatts of generating capacity. The company delivers electricity and natural gas through the Baltimore Gas and Electric Company (BGE), its regulated utility in Central Maryland. In 2004, the combined revenues of the integrated energy company totaled $12.5 billion. |
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