COLUMBUS, OHIO - July 11, 2013 - Constellation NewEnergy, Inc., a subsidiary of Exelon (NYSE: EXC) and a longtime competitive energy supplier in Ohio, today announced the launch of residential electricity supply in the Columbus Southern Power and Ohio Power service territories.
Constellation is offering residential customers a 12-month pricing plan at 6.75 cents/kilowatt-hour (kWh) in the Columbus Southern Power territory, representing savings of up to 18 percent on the electricity commodity over the utility's current class average price to compare of 8.24 cents/kWh.*
The offer in the Ohio Power territory is also 6.75 cents per kWh, representing a savings of up to 7 percent over the utility's current class average price to compare of 7.28 cents/kWh.*
Customers in both service territories are advised to review their utility bill to determine their individual price to compare and savings opportunity.
In addition to the potential for savings on their electricity bill, new Constellation customers will be eligible to receive a $25 gift card†.
"Constellation is thrilled to extend our reach in Ohio to homeowners in Columbus Southern Power and Ohio Power territories with competitive electricity solutions that will help them lower their electricity prices," said Bruce Stewart, senior vice president, Constellation. "By shopping with Constellation, homeowners in the Columbus Southern Power and Ohio Power service territories can save now and lock in their rate for a year.
"Constellation is a national energy leader currently serving Ohio residential customers as well as a large base of commercial, industrial and governmental customers in the state," Stewart said. "Our goal is to provide Ohio residential electricity shoppers superior customer care and an easy, hassle-free shopping experience. To enhance the value to customers, later this summer we plan to introduce in the Columbus Southern Power and Ohio Power territories a dual fuel option that will allow customers to shop with Constellation for electricity and natural gas supply."
Those who make the switch to Constellation can do so with confidence:
- Constellation does not charge a sign-up or enrollment fee;
- Constellation offers a 90-day customer satisfaction period with penalty-free termination;
- And fast, easy online and telephone sign-up options
Consumers should expect to receive a mailed brochure detailing Constellation's limited time offer.
Independent sales representatives, working on behalf of Constellation, will be visiting Ohio communities to spread the word about the benefits of energy choice. Please click here for an educational video with more information on how these independent sales representatives can help customers learn more about the benefits of customer choice and switching to Constellation.
Additional Background on Retail Electricity Choice
Retail electric choice provides customers the opportunity to shop for the best combination of electricity price and customer service to meet their needs. Under Ohio state law, customers are free to switch to a competitive electricity supplier with no impact on their utility service reliability. Consumers who choose to buy electricity through Constellation will experience exceptional customer service. They will see the new Constellation commodity price in the kilowatt-hour (kWh) rate for electric generation service listed on their monthly utility bill. Columbus Southern Power and Ohio Power will continue to handle all billing, and will continue to respond to all service inquiries, including queries about outages.
To learn more about retail choice in Ohio, visit the Public Utilities Commission of Ohio web site at www.puco.ohio.gov.
Ohio residential customers wishing to switch their electricity supplier to Constellation can sign up online at home.constellation.com or call 1-866-938-2140.
*COLUMBUS SOUTHERN POWER COMPANY'S RATES ARE SUBJECT TO CHANGE AND THEREFORE WE CANNOT GUARANTEE SAVINGS OVER THE FULL TERM OF OUR PRICE PLANS. Our price does not include any taxes, utility distribution charges or other utility fees, charges or credits. Estimated savings are based on Columbus Southern Power Company's currently effective class-average Price to Compare (PTC) for R-R Residential rate of 8.24 cents per kWh, which includes Generation costs of 2.965 cents, a Transmission Cost Recovery charge of 1.157 cents, a Fuel Adjustment Clause of 4.067 cents and an Alternative Energy Rider of 0.0525 cents. Customers on Columbus Southern Power Company Residential Rates other than R-R may not save. Ohio Supplier License #00-003E(6).
*OHIO POWER COMPANY'S RATES ARE SUBJECT TO CHANGE AND THEREFORE WE CANNOT GUARANTEE SAVINGS OVER THE FULL TERM OF OUR PRICE PLANS. Our price does not include any taxes, utility distribution charges or other utility fees, charges or credits. Estimated savings are based on Ohio Power Company's currently effective class-average Price to Compare (PTC) for RS Residential rate of 7.28 cents per kWh assuming 1,000 kWh monthly usage, which includes Generation costs of 2.686 cents, a Transmission Cost Recovery charge of 1.157 cents, a Fuel Adjustment Clause of 3.420 cents and an Alternative Energy Rider of 0.020 cents. Customers on Ohio Power Company Residential rates other than RS may not save. Ohio Supplier License #00-003E(6).
† ONLY NEW RESIDENTIAL CUSTOMER CONTRACTS NOT TERMINATED WITHIN 90 DAYS ARE ELIGIBLE FOR REWARDS CARDS. Cards are issued by Citibank, N.A. pursuant to a license from Visa U.S.A. Inc. and managed by City® Prepaid Services. Cards will not have cash access and can be used everywhere Visa® debit cards are accepted. Please allow 8-10 weeks after your first bill to receive your card.
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).