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News & Events
Big Savings for New Jersey Food Council:
11/24/2003
Strategic Partnership Created in Deregulated New Jersey Energy Market New York, Nov. 24, 2003 - Constellation Energy Group (NYSE: CEG) today announced that its subsidiary, Constellation NewEnergy, has finalized a multi-million dollar contract that will provide electricity supply to more than 100 supermarkets located throughout New Jersey. The agreement, which was negotiated through the New Jersey Food Council, will reduce the energy costs for food-related businesses throughout the Garden State. Constellation NewEnergy's strength is in our ability to provide innovative electricity cost management solutions for our customers, said Deirdre Lord, vice president. â¬SThis agreement, through the New Jersey Food Council, will enable member food stores to save money and budget their future energy costs. Constellation NewEnergy will continue to work with its customers offering a variety of electricity contracts and supply strategies that mirror our client's energy cost management goals and risk tolerance. ounded in 1969, the New Jersey Food Council is New Jersey's food industry trade association representing major food retailing chains, convenience stores, independent grocers as well as food wholesalers, manufacturers, and brokers. â¬SOur industry is dependent on high energy usage 24-7 and that makes the ability to predict fixed costs that much more important in running our businesses, said Rick Wright, president of the New Jersery Food Council. Constellation Generation Group Constellation NewEnergy Constellation Power Source Constellation Energy Source Baltimore Gas and Electric Company BGE Home Products and Services Constellation NewEnergy Inc., is a leading national competitive energy supplier providing customized solutions and comprehensive energy services to commercial and industrial electricity customers in Connecticut, Maine, Massachusetts, New York, New Jersey, Pennsylvania, Ohio, Illinois, Texas, Delaware, Maryland, Rhode Island, New Hampshire. A subsidiary of Constellation Energy Group, the company is committed to providing customized energy-related products and services with predictability and flexibility in the competitive electricity marketplace. More information about Constellation NewEnergy is available at www.newenergy.com . 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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