Homeowners and renters may be able to reduce home electric rates up
to 22 percent, and join more than 223,000 Illinois consumers who have
chosen an alternative electric supplier
Constellation Energy (NYSE: CEG), the nation's leading competitive
electricity supplier to business and public sector customers, today
announced it is offering increased savings to approximately 1.5 million
Illinois residents in both the ComEd and Ameren service territories.
More than 223,000 Illinois residents have made the switch to a new
electricity provider since the state's residential electric market
opened up a year ago.
Through either 12- or 24-month service plans, consumers may be able to
experience savings of up to 18 percent off ComEd's current rate and up
to 22 percent off current rates in the Ameren service territories.
Constellation customers who sign up for a 24-month service plan will
lock in their new price for the plan's duration, protecting their price
against rate changes during that time. Constellation customers who refer
a friend may be eligible to receive a $25 Constellation Visa®
"More than 200,000 Illinois residents have already experienced lower
rates and price certainty by choosing
an alternative electricity supplier, and we hope our latest offer
will encourage more Illinois consumers to take advantage of potential
savings on their electricity bills," said Kenny Matula, senior vice
president of Residential Markets for Constellation Energy.
Aside from a low and locked-in electricity supply rate, new
Constellation customers will experience no changes in how their service
is provided. There is no interruption in service, no new equipment or
installation, and no sign-up fees from Constellation, and ComEd or
Ameren will still supply the monthly bills.
"We recognize the value and peace of mind fixed rates and cost savings
bring to consumers and their families, especially during challenging
economic times," Matula said. "Our goal is to extend that benefit to as
many Illinois residents as possible."
The company's direct mail offer to Illinois homeowners and renters is in
effect through March 2, 2012. Constellation Energy offers a simple
online sign-up process at home.constellation.com.
Customers also may call 866.577.4700 to sign up by phone.
The Illinois Commerce Commission (ICC)
is the state agency that oversees the competitive retail electric market
in Illinois. Additional information about customer choice and
competition in the Illinois retail electric market can be found on the
Illinois Commerce Commission's website at: http://www.pluginillinois.org/.
ComEd's and Ameren's rates are subject to change and, therefore, we
cannot guarantee savings over the full term of our price
plans. Constellation's price does not include any taxes, utility
distribution charges or other utility fees, charges or credits. In
ComEd's service territory, estimated savings are based on ComEd's
current BES residential (non-electric space heating) rate. Customers on
ComEd's BES residential (electric space heating) rate will not save. In
Ameren, estimated savings are based on Ameren's current BGS residential
(non-electric space heating) rate for the rate zone in which customer
resides. Customers on Ameren's BGS residential (electric space heating)
rate will not save. For additional information on our price comparison,
About Constellation Energy
Constellation Energy (www.constellation.com)
is a leading competitive supplier of power, natural gas and energy
products and services for homes and businesses across the continental
United States. It owns a diversified fleet of generating units, totaling
approximately 12,000 megawatts of generating capacity, and is a leading
advocate for clean, environmentally sustainable energy sources, such as
solar power and nuclear energy. 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 $14.3
billion in 2010. Learn more online: www.constellation.com.
Constellation EnergyMedia Contact:Maureen Brown(410)
470-7433orInvestor Contact:Sandra Brummitt(410)
470-6440orMedia Line: 410-470-7433www.constellation.com
Source: Constellation Energy
News Provided by Acquire Media