Constellation NewEnergy Signs Renewable Energy Agreement with the City of Evanston, Illinois
February 08 2007 - 9:30AM
PR Newswire (US)
20 Percent Renewable Wind Power to Help Lower City's Carbon
Footprint BALTIMORE, Feb. 8 /PRNewswire-FirstCall/ -- Constellation
Energy (NYSE:CEG) today announced that its subsidiary,
Constellation NewEnergy, has entered into a green electricity
purchase agreement with the city of Evanston, Ill. As part of the
agreement, Constellation NewEnergy will secure approximately 5.5
million kilowatt-hours of Renewable Energy Credits (RECs) to offset
20 percent of the city's electricity usage. The secured RECs will
help the city of Evanston replace the carbon emissions produced
during the combustion of fossil fuels with clean, renewable wind
generation. For example, one certified REC has the environmental
impact of eliminating the emissions associated with one
megawatt-hour of electricity produced by a fossil fuel generator.
Constellation NewEnergy will serve the city's combined peak demand
load of approximately 4,000 kilowatts (19 million kilowatt-hours
annually), which is required to power several high-profile
municipal facilities, including the Robert Crown Ice Arena,
Evanston Art and Cultural Centers, the Ecology Center, the
municipal water pumps and the city's parks and recreational
facilities. "The city of Evanston is committed to pursuing
environmentally friendly solutions that help us become a more
energy-efficient city and a greener community. Our decision to
offset 20 percent of our energy demands from clean wind generation
will play a significant role in helping us meet this goal," said
Mayor Lorraine H. Morton of the city of Evanston. "We are pleased
to work with Constellation NewEnergy to find energy solutions to
meet our needs and share in our commitment to renewable power
generation." The city of Evanston's decision to purchase RECs is
another step in the city's ongoing efforts to pursue
environmentally friendly solutions. In 2005, the city was promoted
to Silver Status by Clean Air Counts, a Northeastern Illinois
regional initiative to reduce greenhouse gas emissions. Evanston
has also taken steps to replace city traffic lights with energy
efficient bulbs, and power city vehicles with cleaner burning
bio-diesel fuel. Based on a national average utility emissions
rate, diversifying the city's electricity supplies with alternative
fuel sources will keep more than 7.4 million pounds of carbon
dioxide out of the atmosphere every year. That amount is equivalent
to avoiding the CO2 emissions produced by 300 passenger cars and is
the same amount of electricity needed to power more than 500
average American homes annually. "As a leading supplier of
competitive energy, we are pleased to provide cities and towns such
as Evanston with the benefits of power agreements that not only
help establish budget certainty, but also deliver an effective and
efficient means to purchase green power," said Julie Hextell, vice
president and business leader for Constellation NewEnergy's Great
Lakes Region. "Evanston has already shown their commitment to
providing a healthier and greener community for its residents, and
Constellation NewEnergy is proud to help further its efforts."
Constellation NewEnergy (http://www.newenergy.com/), a wholly owned
subsidiary 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
14,000 commercial and industrial customers throughout 37 states and
five Canadian provinces representing nearly 17,000 megawatts of
peak load and more than 350 billion cubic feet of annual natural
gas consumption. Constellation Energy
(http://www.constellation.com/), a FORTUNE 200 company with 2006
revenues of $19.2 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 78 generating units located throughout the
United States, totaling approximately 8,700 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:
Lawrence McDonnell, Constellation Energy, +1-410-470-7433 Web site:
http://www.constellation.com/ http://www.newenergy.com/ Company
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