Constellation NewEnergy Signs Agreement to Supply New York Stock Exchange with Wind Energy
March 31 2010 - 8:45AM
Business Wire
Constellation Energy (NYSE: CEG) announced today that its
subsidiary, Constellation NewEnergy, Inc., has entered into a green
electricity purchase agreement with the New York Stock Exchange, a
unit of NYSE Euronext (NYX), to supply renewable energy
certificates (RECs) to match 100 percent of the approximately 28
million kilowatt-hours of electricity used annually by the NYSE.
This agreement between Constellation NewEnergy and the New York
Stock Exchange was facilitated by Co-eXprise, Inc, an energy
consulting firm.
“The New York Stock Exchange is at the very heart of global
financial markets, and this agreement enables us to power a
critical part of our operations in a way that is environmentally
sustainable,” said Jeffrey Pellet, senior vice president and Global
Head of Facilities and Corporate Services, NYSE Euronext. “We’re
very pleased to work with Constellation NewEnergy and Co-eXprise to
participate in this valuable program.”
The renewable energy certificates supplied by Constellation
NewEnergy are Green-e Energy certified from wind energy facilities
which are granted certificates for every megawatt hour of
emission-free renewable electricity produced. The RECs purchased by
the New York Stock Exchange over the two-year term of the agreement
will result in more than 57 million pounds of avoided carbon
dioxide emissions due to the displacement of grid electricity
generation by renewable energy.
“By supporting renewable energy development and greening its
operations, the New York Stock Exchange is setting an example that
corporations can and should pursue sustainable business practices,”
said Michael Kagan, president of Constellation NewEnergy.
“Purchasing renewable energy certificates is a way that businesses
and institutions can very easily meet internal and external
environmental mandates.”
Constellation NewEnergy’s NewMixSM Wind RECS are sourced from
wind facilities located in the United States. Through the purchase
of RECs, Constellation NewEnergy and its customers are investing in
the operation and development of facilities that generate renewable
energy.
About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial
markets and provider of innovative trading technologies. The
company's exchanges in Europe and the United States trade equities,
futures, options, fixed-income and exchange-traded products. With
more than 8,000 listed issues, NYSE Euronext's equities markets –
the New York Stock Exchange, NYSE Euronext, NYSE Amex, NYSE
Alternext and NYSE Arca – represent nearly 40 percent of the
world's equities trading, the most liquidity of any global exchange
group. NYSE Euronext also operates NYSE Liffe, the leading European
derivatives business and the world's second-largest derivatives
business by value of trading. The company offers comprehensive
commercial technology, connectivity and market data products and
services through NYSE Technologies. NYSE Euronext is in the S&P
500 index, and is the only exchange operator in the S&P 100
index and Fortune 500. For more information, please visit:
http://www.nyx.com.
About Co-eXprise, Inc.
Co-eXprise is the world leader in Collaborative Cost Management
solutions that enable customers to reduce, control and manage their
most complex and high dollar spend categories. Co-eXprise’s CX4
technology platform allows customers, their internal stakeholders
and their suppliers to share critical sourcing and technical
information, collaborate throughout a sourcing project, negotiate
and implement sourcing results rapidly and effectively. Co-eXprise
is delivering Collaborative Cost Management today across dozens of
customers in manufacturing, property management, healthcare, retail
and government sectors. For more information about Co-eXprise,
visit www.co-exprise.com.
About Constellation NewEnergy
Constellation NewEnergy (www.newenergy.com) is a leading
competitive supplier of electricity, natural gas and energy-related
services to commercial, industrial and institutional customers
throughout the United States. A subsidiary of Constellation Energy
(NYSE: CEG), Constellation NewEnergy operates in all competitive
energy markets throughout the U.S., providing products that enable
customers to effectively manage and control energy costs.
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 $15.6 billion in
2009.
Constellation Energy (NYSE:CEG)
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