CORRECTING and REPLACING Constellation Energy Continues Electricity Choice Savings Offered to New Jersey Residential Consumers
November 17 2010 - 4:15PM
Business Wire
Fifth graph, deleted last sentence to remove Facebook
reference.
The corrected release reads:
CONSTELLATION ENERGY CONTINUES ELECTRICITY
CHOICE SAVINGS OFFERED TO NEW JERSEY RESIDENTIAL CONSUMERS
Consumers May Choose National Electricity
Supplier, Use Online Calculator to Compute Estimated Savings Below
PSE&G and JCP&L Rates
Constellation Energy (NYSE: CEG), the nation's leading
competitive electricity supplier, today announced continued
electricity savings offers for New Jersey residential consumers
that include an online calculator they can use to add up estimated
savings.
The new electricity savings offers mailed this week continue the
initiative Constellation Energy began in September when it offered
residential consumers in the service territories of Public Service
Electric & Gas (PSE&G) and Jersey Central Power & Light
(JCP&L) the choice to reduce costs on electricity. To date,
more than 16,000 residential consumers have signed up for
Constellation Energy’s electric pricing plans.
Constellation Energy estimates that residents of a single-family
home using an average of 1500 kilowatt hours per month (kWh) could
save about $500 during the first 24 months of an agreement under
one of its current pricing plans, assuming the utility rate remains
unchanged beyond May 2011.
“We have been privileged to serve business customers in New
Jersey for almost a decade and look forward to continuing to offer
significant energy saving opportunities to residential customers as
well,” said Kenny Matula, senior vice president of Constellation
Energy’s retail business. “By spending just a few minutes online, a
consumer may select one of our pricing plans to lower their current
electricity rate. We’ve also upgraded our website so consumers can
instantly see their estimated savings by clicking our online
savings calculator.”
Details on specific terms and conditions of Constellation
Energy’s residential electricity pricing plans for New Jersey
customers are available at home.newenergy.com, along with the
online calculator that enables consumers to determine their
estimated savings.
The company’s latest direct mail offers to New Jersey homeowners
and renters will arrive in mailboxes this week; these residential
pricing plans are limited-time offers available through Dec. 31.
Consumers may sign up via telephone or the home.newenergy.com web
site. There is no sign-up fee, and there will be no interruption in
a customer’s electricity service.
The New Jersey Board of Public Utilities (BPU), the state agency
that regulates energy companies doing business in New Jersey,
licenses energy suppliers such as Constellation Energy to compete
with the state’s utilities. PSE&G and JCP&L participate in
New Jersey’s Energy Choice initiative and have consumer education
information on their websites.
In the residential sector, the sole change experienced by
consumers who buy electricity through Constellation Energy is in
the kWh rate for electric generation service listed on their
monthly utility bill. Everything else remains the same: PSE&G
and JCP&L continue to handle billing, and accept and respond to
all service inquiries, including queries about outages. Contracts
with PSE&G or JCP&L related to service and maintenance of
appliances are not impacted. Per New Jersey law and BPU
regulations, electricity competition has no impact on the
transmission or distribution of electricity. Constellation Energy
does not offer budget billing at this time.
New Jersey residential customers wishing to buy from
Constellation Energy may sign up online at home.newenergy.com or by
calling 1-877-997-9995. The offer is being made by Constellation
NewEnergy, Inc., a wholly-owned subsidiary of Constellation Energy
Group, Inc.
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 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)
Historical Stock Chart
From Jun 2024 to Jul 2024
Constellation Energy (NYSE:CEG)
Historical Stock Chart
From Jul 2023 to Jul 2024