Constellation Electric Expands Residential Electricity Choice & Savings to Allegheny Power & Delmarva Power Customers in Mary...
September 08 2010 - 8:30AM
Business Wire
Constellation Energy (NYSE:CEG) today announced the expansion of
Constellation Electric residential electricity supply in Maryland
to customers in the Allegheny Power and Delmarva Power service
areas. Constellation Electric is now available to 1.9 million
residential customers in Maryland served by the major distribution
utilities, Baltimore Gas and Electric, PEPCO, Allegheny Power and
Delmarva Power.
“Maryland residents are embracing electricity choice and are
eager to lower their current electricity rates, so we are pleased
to extend Constellation Electric to Allegheny and Delmarva
customers in the state,” said Kevin Klages, president and CEO of
BGE HOME, the company offering Constellation Electric service in
Maryland. “Consumers win when they have more choices and companies
like Constellation Electric competing for their business.”
Customers in the Delmarva Power service area can select from two
plans to save on electricity: a one-year fixed price option
delivering an estimated savings of 12 percent compared to the
utility’s current weighted average price of Standard Offer Service
electricity and a two-year option offering an estimated 13 percent
savings. Allegheny Power customers can select either a one-year
fixed price option delivering an estimated savings of 7 percent
compared to the utility’s current weighted average price of
Standard Offer Service electricity (including transmission) or a
two-year option offering an estimated 9 percent savings. Customers
in both service areas will receive a gift card to a large retail
store: selecting the two-year options will receive a $75 gift card
and those selecting the one-year options will receive a $50 gift
card.
The company’s direct mail offer to residents in the Allegheny
Power and Delmarva Power service areas will begin arriving in
mailboxes this week. The Constellation Electric residential pricing
plans for Allegheny Power and Delmarva Power are limited-time
offers extending through Oct. 15, 2010. There is no sign-up or
enrollment fee. There will be no interruption in a customer’s
electricity service. Everything else will remain the same –
Allegheny Power and Delmarva Power will continue to handle billing,
and will accept and respond to all service inquiries,
including queries about outages. By Maryland law and Public Service
Commission regulations, electricity competition has no impact on
the transmission or distribution of electricity.
The Maryland Public Service Commission, the state agency that
regulates energy companies doing business in Maryland, licenses
energy suppliers such as Constellation Electric to compete with the
state’s utilities. Allegheny Power and Delmarva Power participate
in Maryland’s Energy Choice initiative and have consumer education
information on their websites (Allegheny Power, Delmarva
Power).
Maryland residential customers can visit
www.constellation-electric.com/offer or call 1-888-219-4239 to
learn more about available offers or to sign up for Constellation
Electric. This offer is made by BGE Home Products & Services,
Inc. doing business as Constellation Electric, which is not the
same company as BGE, a regulated utility. Constellation Electric’s
MD License is IR-228.
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 9,000 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.
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