SPRINGFIELD, Ill. (July 17, 2013) - Constellation NewEnergy, Inc. (Constellation), a leading competitive energy supplier and business unit of Exelon (NYSE: EXC), today announced that it has been selected to supply an estimated 9,000 eligible residents and small commercial customers in 20 Illinois communities with fixed-cost electricity following a competitive bidding process under the state's electricity choice aggregation program.
Illinois communities participating in the aggregation program include: Assumption, Bluffs, Camp Point, Cass County, Chapin, Franklin, Hamilton, Liberty, Loraine, Manchester, Morgan County, Murrayville, Naples, Riverside Township, Scott County, Sidney, Toledo, Valier, Winchester and Woodson.
"We're proud that Constellation's competitive, fixed-price power supply will help Illinois residents stabilize their energy bills," said Bruce Stewart, chief marketing officer for Constellation. "Our company brings many assets to the state's electricity choice program, including a strong record of performance and customer service and renewable electricity plans."
By receiving electricity supply from Constellation, Illinois residents have the option to match up to 100 percent of their electricity use with renewable energy through the purchase renewable energy certificates.
Constellation's 18-month term rate is 4.203 cents per kilowatt hour (kWh) and 4.300 cents per kWh with the purchase of renewable energy certificates.* Electric service under the newly negotiated rates is scheduled to begin as early as September 2013.
Constellation will work with community officials to notify all eligible customers of the electric supply rate, terms and conditions, and their right to opt-out of the program. Customers will have the right to opt-out of the aggregation program without penalty and continue to receive Ameren-purchased electricity. Customers who do not opt-out can leave the program at any time within the 18-month term without penalty.
A brochure detailing Constellation's offer to eligible customers will begin arriving in mailboxes in the weeks ahead. To learn more about Constellation's electricity supply offering, contact a member of Constellation's dedicated customer care aggregation team at 1-800-718-1493.
* Constellation's price does not include any taxes, utility distribution charges or other utility fees, charges or credits. ICC Certification Number: 10-0540.
The Constellation family of retail electricity and natural gas suppliers (www.constellation.com), are subsidiaries of Exelon Corp., and are leading competitive retail suppliers of power, natural gas and energy products and services for homes and businesses across the continental United States. Constellation's retail businesses serve more than 100,000 business and public sector customers, including more than two-thirds of the Fortune 100, and nearly one million residential customers.
Exelon Corporation (NYSE: EXC) is the nation's leading competitive energy provider, with 2012 revenues of approximately $23.5 billion. Headquartered in Chicago, Exelon has operations and business activities in 47 states, the District of Columbia and Canada. Exelon is one of the largest competitive U.S. power generators, with approximately 35,000 megawatts of owned capacity comprising one of the nation's cleanest and lowest-cost power generation fleets. The company's Constellation business unit provides energy products and services to approximately 100,000 business and public sector customers and approximately 1 million residential customers. Exelon's utilities deliver electricity and natural gas to more than 6.6 million customers in central Maryland (BGE), northern Illinois (ComEd) and southeastern Pennsylvania (PECO).