Constellation Energy Announces New Solution for Businesses to Track and Mitigate Environmental Impacts
October 02 2008 - 10:14AM
Business Wire
Constellation Energy (NYSE:CEG) today announced that its
subsidiary, Constellation NewEnergy, will offer a Carbon Footprint
Solution to help commercial, industrial and institutional customers
throughout North America manage their greenhouse gas (GHG)
emissions. This new service is offered as part of the company�s
suite of sustainable solutions, which includes Renewable Energy
Certificate (REC) products that may help customers offset carbon
emissions associated with their electricity usage. �Through this
new service, we are offering our customers a solution that helps
build a solid foundation for their comprehensive sustainability and
environmental strategies,� said Bruce McLeish, senior vice
president of products and pricing for Constellation NewEnergy. �By
offering both RECs and GHG tracking services, we can help
organizations evaluate their impact on the environment, and then
take action to mitigate that impact by purchasing RECs.�
Constellation NewEnergy will leverage ecolinkTM, an innovative
carbon management platform developed by Pace Global Energy Services
LLC, to help businesses quantify, report and manage their GHG
emissions. The new Carbon Footprint Solution has two deployment
options for varied budgets: ecolinkTM Standard edition, an annual
assessment of a company�s GHG emissions profile; and ecolinkTM
Manager edition, a comprehensive, dynamic carbon and environmental
sustainability management platform. �The pressure placed on
companies by customers, regulators and shareholders to manage,
report and improve GHG emissions performance are among the newest
and most significant challenges for business leaders in the 21st
century. Those who fail to address these new challenges with
innovative applied solutions stand to lose their competitive
position,� said Tim Sutherland, chief executive officer of Pace.
�We look forward to working with Constellation NewEnergy and its
tremendous customer network to extend their already innovative
suite of products and services.� The Carbon Footprint Solution also
enables businesses to increase the transparency of their
sustainability practices, and more effectively communicate those
practices to their customers, employees and regulators. In
addition, this service provides a structured platform that can help
prepare customers for participation in GHG emissions reporting
programs, including the U.S. EPA Climate Leaders� program, the
Carbon Disclosure Project and other emerging regulatory
initiatives. Both scalable and flexible, the offering is easily
customized for specific reporting needs and provides customers with
a Web-based, enterprise-level system to manage their GHG emissions.
About Constellation NewEnergy Constellation NewEnergy
(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,
industrial and institutional 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
19,000 commercial, industrial and institutional customers
throughout 31 states and three Canadian provinces representing more
than 15,000 megawatts of peak load and approximately 400 billion
cubic feet of annual natural gas consumption. About Constellation
Energy Constellation Energy (http://www.constellation.com), a
FORTUNE 125 company with 2007 revenues of $21 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 83 generating units
located throughout the United States, totaling approximately 9,000
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. About Pace Global
Energy Services, LLC Pace Global Energy Services, LLC (Pace)
provides expert energy and carbon management advisory services in
support of industrial energy consumers, energy infrastructure
developers, financial institutions, energy companies and public
utilities. Now in its 32nd year of continuous service with a
deep-seated ethic of customer service, Pace has a truly global
perspective, having experience in more than forty countries on six
continents. Pace is headquartered near Washington, D.C., with
regional offices in New York, Houston, Columbia, Sacramento, London
and Moscow. Learn more about Pace by visiting www.paceglobal.com.
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