New Jersey Housing Authorities Working with Constellation Energy to Improve Energy and Water Efficiency

Constellation Energy (NYSE: CEG) today announced the completion of an energy and water efficiency project for the Asbury Park Housing Authority in Asbury Park, New Jersey. The initiative is one of six efficiency improvement programs developed by Constellation Energy for housing authorities throughout New Jersey. By implementing a number of energy and water conservation measures, the Asbury Park Housing Authority and other New Jersey housing authorities, including Irvington, Long Branch, East Orange and Trenton were able to realize a combined $2.5 million in estimated savings on annual utility costs.

“Making efficiency improvements like those recently implemented by Constellation Energy for the Asbury Park Housing Authority results in housing that is more cost effective, sustainable and comfortable, and that is simply good public policy,” said Troy Geanopulos, senior vice president of Constellation Energy’s retail business focusing on efficiency projects and services. “Critical to the success of these initiatives is the energy and water performance contract structure via a program with the U.S. Department of Housing and Urban Development through which much needed infrastructure upgrades are paid for by the guaranteed utility cost savings created.”

Constellation Energy is currently developing a performance contract with the Newark Public Housing Authority that, when implemented, will result in an expected $50 million in energy and water cost savings over the contract term. Constellation works with more than 40 housing authorities throughout the U.S. In addition to efficiency programs, the company offers a range of services for public housing authority customers, including electricity and natural gas supply and energy and water conservation education for residents.

For the Asbury Park Housing Authority, Constellation Energy installed high efficiency lighting, including smart sensors to control lighting in common areas, and updated kitchen appliances that utilize less electricity and natural gas. Water conservation measures included low flow water fixtures in kitchens and bathrooms. Building envelope improvements, such as installation of Low-E coated windows, were implemented to reduce heating and cooling waste. A range of heating system upgrades were made to better regulate temperatures and generate heat more efficiently.

“I was pleased and excited to utilize the Energy Performance Contracting Program initiative sponsored by HUD,” said Mark W. Holmes Sr., executive director of Asbury Park Housing Authority. “This program provides additional capital funding for energy and conservation measures allowing you to redirect your capital funding towards other projects. It also will provide the Housing Authority much needed relief from the rising utility costs.”

Constellation also worked with the Asbury Park Housing Authority to create a program for selected community residents to receive job skills training for careers in the green building industry.

A celebration event is planned for Asbury Park Housing Authority on Thursday October 21st beginning at noon in the Robinson Tower Community Room.

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 leading advocates for 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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