Constellation Energy Seeking Applications for EcoStar Grant Program
January 13 2011 - 2:49PM
Business Wire
Constellation Energy (NYSE: CEG) today announced that it is
taking applications for its annual EcoStar Grant program, which
provides qualifying nonprofit organizations with funds to implement
projects that support Constellation Energy’s continuing commitment
to environmental stewardship. Grant awards will be up to $5,000,
with funds provided by the Constellation Energy Foundation.
This marks the second year for the EcoStar Grant program, which
targets 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 10 and grant awards will be
announced on or before Earth Day, April 22.
“We look forward to building on the success of the EcoStar Grant
program, which has provided funding for a wide range of
environmental stewardship projects that demonstrate our commitment
to the organizations making a difference in our communities,” said
Paul J. Allen, chief environmental officer and senior vice
president, Constellation Energy. “These grassroots projects are a
natural complement to our continuing efforts to benefit the
environment by investing in solar, wind and other clean energy
sources, while also providing homes and businesses with the
products and services to more efficiently manage their energy
use.”
In 2009, Constellation Energy set a goal to give 1 percent or
more of its annual operating income to support charitable
organizations and causes. The EcoStar Grant program is one of a
range of initiatives, donations and grants targeting the company’s
key areas of focus for community outreach – energy, education,
economic growth, the environment and employee involvement. Last
year, Constellation Energy awarded 62 EcoStar Grants totaling
$300,000.
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 12,000 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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