Nine Mile Point Nuclear Station and IBEW Local 97 Agree to Five-Year Contract
July 13 2006 - 4:00PM
PR Newswire (US)
SCRIBA, N.Y., July 13 /PRNewswire-FirstCall/ -- Constellation
Energy (NYSE:CEG) today announced that its Nine Mile Point Nuclear
Station has agreed to terms on a five-year contract with Local 97
of the International Brotherhood of Electrical Workers (IBEW).
Negotiations began in mid-May, marking the first full contract
negotiations between Constellation Energy and the IBEW. The
previous contract, which expired June 30, 2006, had been negotiated
between the IBEW and Niagara Mohawk, the licensed owner of the
nuclear facility until it was acquired by Constellation Energy in
2001. "This is a win-win for all concerned," said Tim O'Connor,
vice president of Nine Mile Point. "I'm pleased that we've been
able to come to terms on a new contract which balances the needs of
our employees, Nine Mile Point, and Constellation Energy." A
tentative agreement between Constellation Energy and the IBEW Local
97 was reached on June 23. However, the contract was extended to
allow for voting after the July Fourth holiday. The represented
employees voted to ratify the agreement during voting which took
place on July 10, 11, and 12. Constellation Energy
(http://www.constellation.com/), a FORTUNE 200 company with 2005
revenues of $17.1 billion, 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. DATASOURCE:
Constellation Energy CONTACT: Dave Joslin, +1-585-771-5289, or
Maria Hudson, +1-315-349-2637, both of Constellation Energy Web
site: http://www.constellation.com/ Company News On-Call:
http://www.prnewswire.com/comp/084087.html
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