Constellation Energy Chosen by Evanston, Illinois to Supply Low-Cost …

May 2, 2012 by  
Filed under Green Energy News


CHICAGO, May 02, 2012 (BUSINESS WIRE) –
Constellation Energy has been selected to supply the city of Evanston,
Il., with low-cost
electricity and green energy following a competitive bidding process
under the city’s electricity choice aggregation program.

The Evanston City Council voted unanimously on April 30 to purchase
electricity from Constellation Energy, an Alternate Retail Electricity
Supplier (ARES), and specified that 100 percent renewable energy be used.

City officials indicate the 12-month term at a rate of $0.04797 per
kilowatt hour is approximately 38 percent lower than Commonwealth
Edison’s current BES residential (non-electric space heating) rate of
$0.07733 kWh, representing estimated savings of $264 for a typical
single family home using 9,000 kWh on an annual basis.

“We are very pleased to be selected by Evanston, a city known as leader
among Illinois municipalities for its strong city government, high
standards and rigorous reviews to ensure citizens receive the highest
quality services,” said Bruce Stewart, chief marketing officer for
Constellation. “We look forward to offering the citizens of Evanston
both green energy and fixed-price certainty, along with Constellation’s
great service and low rates on energy.”

Evanston Mayor Elizabeth Tisdahl said, “I am pleased that Evanston
residents have directed the city to move forward with electricity
aggregation. In addition to providing cost savings, our aggregation
program is an opportunity to secure cleaner, green power for our
community and support the goals of the Evanston Climate Action Plan to
reduce our emissions by 13 percent by the end of 2012.”

Constellation will supply 100 percent renewable energy to Evanston by
purchasing renewable
energy certificates (RECs) from wind energy generated in Illinois or
adjacent states. RECs represent the environmental benefit of electricity
generated by wind and therefore avoid carbon dioxide emissions.

Mayor Tisdahl encouraged residents to learn more about the details of
electricity aggregation. Residential and small commercial retail
customers will have the right to opt-out of the aggregation program
without penalty and remain with ComEd-purchased electricity.
Constellation Energy will work with the city to notify all eligible
Evanston customers of the electric supply rate, terms and conditions and
their right to opt-out of the program.

The Community Choice Electricity Aggregation (CCA) referendum was
approved in the March 20, 2012 primary election by 73 percent of voters
in Evanston, a community of about 74,000 just north of Chicago. Electric
service under the newly negotiated rates is scheduled to begin as early
as July 2012.

Estimated savings are based on ComEd’s Price to Compare (PTC) for BES
residential (non-electric space heating) rate of 7.733 cents per kWh in
effect Oct. 1, 2011 — May 31, 2012, ComEd’s rates for June 2012
to May 2013 have not yet been determined.

About Exelon

Exelon Corporation


/quotes/zigman/252515/quotes/nls/exc EXC
-0.05%



is the nation’s leading competitive energy
provider, with approximately $33 billion in annual revenues.
Headquartered in Chicago, Exelon has operations and business activities
in 47 states, the District of Columbia and Canada. Exelon is the largest
competitive U.S. power generator, with approximately 35,000 megawatts of
owned capacity comprising one of the nation’s cleanest and lowest-cost
power generation fleets. The company’s Constellation business unit
provides energy products and services to approximately 100,000 business
and public sector customers and approximately 1 million residential
customers. Exelon’s utilities deliver electricity and natural gas to
more than 6.6 million customers in central Maryland (BGE), northern
Illinois (ComEd) and southeastern Pennsylvania (PECO). Learn more at:
www.exeloncorp.com .

SOURCE: Constellation Energy



        
        Constellation Energy 
        Maureen Brown, 410-470-9700
        


Copyright Business Wire 2012

/quotes/zigman/252515/quotes/nls/exc




add Add to portfolio

EXC

loading...

Comments are closed.