Constellation NewEnergy Wins $18 Million Contract to Supply Electricity to Frederick Area Schools
November 07 2005 - 10:51AM
PR Newswire (US)
BALTIMORE, Nov. 7 /PRNewswire-FirstCall/ -- Constellation Energy
(NYSE:CEG) today announced that its subsidiary, Constellation
NewEnergy, has been awarded an $18 million contract to supply
electricity to the Frederick County government and a number of
surrounding public institutions. The 31-month contract, which
totals 36 megawatts, covers government entities participating in
the Frederick Area Cooperative, including Garret College, Frederick
County Public Schools, Carroll County Board of Education, Frederick
County, Frederick Community College and City of Cumberland. "We're
very pleased we were able to meet the diverse needs of members of
the Frederick Area Cooperative," said Ken Chodnicki, vice president
of the Mid-Atlantic region for Constellation NewEnergy. "We pride
ourselves on offering the best reporting, billing and management
tools in the industry and these are especially important for
government officials managing energy usage." "Frederick County
Public Schools expects to contain escalating costs, and to realize
significant savings over default prices, as a result of this
agreement with our energy partner Constellation NewEnergy," said
Lisa Freeman, purchasing manager for Frederick County Public
Schools, who represents the organization in the Cooperative's
discussions. Constellation NewEnergy (http://www.newenergy.com/), 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, provides 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
10,000 commercial and industrial customers throughout 31 states and
3 Canadian provinces representing more than 15,000 megawatts of
peak load and more than 300 billion cubic feet of annual natural
gas consumption. Constellation Energy
(http://www.constellation.com/), 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. DATASOURCE: Constellation Energy CONTACT:
Larry McDonnell of Constellation Energy, +1-410-234-7433 Web site:
http://www.constellation.com/ http://www.newenergy.com/ Company
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