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Constellation Signs Definitive Agreement to Acquire ONEOK Energy Marketing Company

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Yesterday, we announced that we have signed a definitive agreement to acquire 100 percent of ONEOK Energy Marketing Company (OEMC), a Tulsa, Oklahoma, retail natural gas marketing company with 26,100 customers. 

The proposed purchase of OEMC, a subsidiary of ONEOK, Inc. (NYSE: OKE), for $22.5 million, plus working capital, expands our business and residential customer base in six states – Kansas, Oklahoma, Missouri, Texas, Nebraska and Illinois – and will give us customers in Wyoming for the first time, expanding our national presence to 45 states.

The purchase of OEMC, which provides natural gas products and services…
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Constellation Energy Acquisition of MXenergy Completed

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Today, Constellation Energy announced that we have completed our acquisition of MXenergy, a leading natural gas and electricity provider with approximately 540,000 customers in the U.S. and Canada. This acquisition will more than double the size of Constellation Energy’s business, residential, and public sector customer base and expand the company’s mass market presence to include the 15 states and two Canadian provinces where MXenergy supplies gas and electricity to residential and small commercial customers.

As this development further broadens our geographic footprint, we are especially thrilled to have the opportunity to combine our commitment to quality customer…
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Constellation Energy to Acquire Texas Residential Energy Supplier StarTex Power

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Today we announced that we have signed a definitive merger agreement to acquire StarTex Power, an acclaimed Houston energy retail electric provider with approximately 170,000 residential and small commercial customers in Texas.

We’re thrilled to share this news. StarTex brings a strong customer-focused platform in Texas, the most active of all residential markets in the country, and is the second retail acquisition we have announced in the past two weeks. As we recently posted on this blog, we are planning to acquire MXenergy, a Connecticut-based supplier of natural gas and electricity with operations in Texas…
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Constellation Energy to Expand Small Commercial & Residential Customer Base Through MXenergy Acquisition

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We were thrilled to announce earlier today that Constellation Energy has signed a definitive agreement to acquire MXenergy, a leading natural gas and electric supplier based out of Connecticut, with more than half a million customers throughout the nation. The acquisition will nearly triple our growing portfolio of residential and small commercial offerings and increase our customer base by more than 540,000.

While this move is important to our strategic goals, we’re more pleased to create a platform from which we can expand our trusted service, price protection and cost-effective energy solutions for residential customers, at a…
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VirtuWatt Helps Commercial Real Estate Leader Solve Unexpected Problem

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As Del Hilber mentioned in a blog post a couple of months ago, since Constellation Energy launched VirtuWatt™ we’ve heard powerful stories from a number of customers about how the demand response technology has made energy management a more energy efficient and cost-effective process.

For example, commercial real estate leader Vornado/Charles E. Smith (VNO/CES) prevented damage to its equipment by using VirtuWatt. With VirtuWatt, they were able to identify a chiller anomaly in one of their properties. By monitoring consumption levels, the system proactively identified that temperatures were set at unanticipated points, resulting in their upstream chiller malfunctioning…
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Constellation Energy Announces Completion of Acquisition of CPower

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Today, Constellation Energy announced that we have completed our acquisition of CPower, a leading energy management and demand response provider. This acquisition will more than double the size of Constellation Energy’s demand response team and increase our dispatchable demand response capacity to more than 1,500 megawatts throughout the United States and Canada.

As this development further strengthens the scope of our demand response programs, we are particularly thrilled to have the opportunity to combine our talent with the wealth of knowledge and experience that CPower brings to the table. First and foremost, our focus remains on the value…
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