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Electricity

One Year Later: GSA Selects Constellation to Supply 17 Federal Facilities in Ca.

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About one year ago, we announced the U.S. Department of State’s innovative energy savings agreement to help contribute to President Obama’s executive order to reduce federal-wide greenhouse gas emissions as well as spur job growth and wind and solar development in Pennsylvania and New Jersey.

Today, we have some exciting news to share as we continue working with the U.S. Department of State to provide an estimated 120,000 MWh of energy annually to their facilities and other federal government facilities over a 20-year power purchase agreement…
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Legislation Introduced to Expand Electric Competition in Michigan

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Today Rep. Mike Shirkey (R-District 65) introduced new legislation in Michigan that would amend a portion of the 2008 Energy Bill (PA 286) and address the significant demand for customer choice and electric competition for more than 7,000 Michigan businesses waiting for the opportunity. The legislation proposes a measured, phased approach to expanding electric competition in Michigan and provides welcome relief to consumers who pay dramatically higher energy bills.

If enacted, the proposed legislation will gradually restore much needed competition to the state’s energy marketplace, give consumers equal opportunity to pay less for their energy, and put an end…
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Constellation Energy Officially Joins Exelon Corporation

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Constellation Energy was welcomed into the Exelon family of companies, creating the nation’s leading competitive energy provider with one of the industry’s cleanest and lowest-cost power generation fleets. This combined company’s substantial, low-cost, and environmentally friendly generation fleet and industry-leading customer-facing business creates a platform for continuing growth and innovation.  

The combination will integrate two complementary upstream and downstream businesses, giving us the potential to optimize value throughout the company. Both Exelon and Constellation have demonstrated their commitment to sustainability and competitive markets, helping drive innovation, efficiency, customer choice and better rates. Together, we will be…
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Constellation Energy Helps Eastern Bank “Go Green”

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Eastern Bank, a full-service commercial bank headquartered in Boston known for its quality customer service and commitment to the communities it serves, is taking steps to help protect the environment by “greening” 100 percent of its electricity use with Renewable Energy Certificates (RECs) from Constellation Energy.

Eastern Bank signed an agreement for Constellation to supply more than 30 million kilowatt-hours of electricity to Eastern Bank’s 94 branches and five corporate centers for the next three years. The energy provided will be “greened” through Constellation Renewable Energy Certificates, a key factor in Eastern Bank’s decision making…
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ERCOT’s Preliminary Summer Assessment

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ERCOT’s preliminary summer assessment was released on March 1 and it is predicting tight reserve margins this summer.  Reserve margins are the measure of available capacity over and above the capacity needed to meet normal peak demand levels.  They serve as insurance if there is a sudden loss of generation or an increase in energy demand.

ERCOT would like reserve margins to be at least 13.75%, but the forecast for this summer just dropped from 12.2% to 8.6% due to demand growth outpacing new generation and weather forecasts calling for above normal temperatures during July and August. This summer’s…
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Constellation Supports Settlement in Arizona; Could Bring Customer Choice to Large C&I Customers in Arizona Public Service (APS) Territory

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There are interesting developments happening in Arizona, which could bring customer choice to large commercial and industrial (C&I) customers. I recently testified along with other energy industry leaders on behalf of a settlement in the Arizona Public Service (APS) rate case, which would allow a capped amount of load associated with large power users to select alternative generation suppliers.

The Settlement Agreement, if approved, will require APS to implement Experimental Rate Schedule AG-1, a buy-through rate for large commercial and industrial customers for a period of four years, with participation capped at 200 MW of peak load.

Under…
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