Constellation Energy Launches New EcoStar Grant Program
January 18 2010 - 2:50PM
Business Wire
Constellation Energy (NYSE: CEG) today announced that it is
taking applications for its first annual EcoStar Grant program,
which will provide qualifying nonprofit organizations with funds to
implement projects that support Constellation Energy’s
long-standing commitment to environmental stewardship. Grant awards
will be up to $5,000, with funds provided by the Constellation
Energy Foundation.
The EcoStar Grant program will target community-based projects
that fit into one or more of five stewardship categories: pollution
prevention, education and outreach, energy efficiency, conservation
and community activism. The application deadline is March 16 and
grant awards will be announced on or before Earth Day on April 22,
2010.
“Environmental stewardship is one of our foundational values and
a guiding principle behind many of the investments we are making to
link our employees to the communities in which Constellation Energy
does business,” said Paul J. Allen, senior vice president of public
affairs for Constellation Energy. “The EcoStar Grant program is the
latest addition to our multi-pronged strategy to make the
environment cleaner by advocating for measures to reduce
greenhouse-gas emissions, expanding our clean energy sources,
investing in a smarter energy grid and supporting the organizations
working to make a difference in our communities. We are committed
to enhancing our support for organizations such as these, both
through our contributions and through the volunteer work and
leadership of our employees.”
Constellation Energy recently announced that it intends to join
the ranks of companies that give 1 percent or more of their annual
operating income to support charitable organizations and causes. In
keeping with that goal, the EcoStar Grant program joins a range of
initiatives, donations and grants targeting the company’s key areas
of focus – energy, education, economic growth and the
environment.
To qualify for an EcoStar Grant, a project should be located in
an area where Constellation Energy does business. Applicants must
have a board of directors and be designated a 501(c)3 nonprofit
organization. Applications should include a project budget that
details how the grant award will be spent, with no more than 20
percent allocated to administrative and office expenses.
Interested organizations can find additional project criteria
and a link to an online application form in the Community Outreach
section at www.constellation.com.
About Constellation Energy
Constellation Energy (www.constellation.com) is a leading
supplier of energy products and services to wholesale and retail
electric and natural gas customers. It owns a diversified fleet of
generating units located in the United States and Canada, totaling
approximately 7,100 megawatts of generating capacity, and is among
the leaders pursuing the development of new nuclear plants in the
United States. The company delivers electricity and natural gas
through the Baltimore Gas and Electric Company (BGE), its regulated
utility in Central Maryland. A FORTUNE 500 company headquartered in
Baltimore, Constellation Energy had revenues of $19.8 billion in
2008.
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