Montana-Dakota Utilities Co. Selects Constellation Energy to Supply Customer Load Response Program in Montana, North Dakota and South Dakota
First-of-a-kind Program for Utility Helps to Offset Generation Needs
and Provides Additional Revenue Stream for Commercial and Industrial
Constellation Energy (NYSE: CEG) today announced that it has been
selected by Montana-Dakota Utilities Co., a division of MDU Resources
Group, Inc. (NYSE: MDU), to develop a load
response program for the utility's commercial and industrial
electric service customers in Montana, North Dakota and South Dakota.
Under the terms of the agreement, Constellation Energy's retail business
will contract with Montana-Dakota customers to provide Montana-Dakota
Utilities with up to 25 megawatts of load response capacity over an
initial five-year period.
Montana-Dakota's load response program offers customers the opportunity
to earn payments based on the amount of electricity they commit to
reduce during a curtailment event. The minimum curtailment for
participation in the program is 50 kilowatts.
"We're pleased to be able to offer this new load response program to our
commercial and industrial customers," said Dave Goodin, president and
CEO of Montana-Dakota. "In addition to providing a revenue opportunity
for customers, load response helps meet Montana-Dakota's commitment to
environmental stewardship. Curtailing electric use during times of peak
use maximizes our existing resources and helps to offset the need for
additional generation and transmission facilities."
"Load response programs are an effective way for utilities, such as
Montana-Dakota, to ensure reliable, cost-competitive electricity supply
for their customers," said Gary Fromer, senior vice president, demand
response, for Constellation Energy. "We look forward to working with
Montana-Dakota in developing its load response capabilities."
As part of Montana-Dakota's load response program, participating
customers also have the option to leverage Constellation Energy's
VirtuWattTM energy management technology to track real-time
electricity use and to automate curtailment.
Constellation Energy currently manages load
response programs for commercial and industrial customers in the
mid-Atlantic (PJM), New England, New York, Texas (ERCOT), California and
Ontario regions. The company's VirtuWattTM
3.0 , which is also available as an iPhone® and iPad® app, enables
customers to better monitor and manage their electricity use and
maximize the financial benefits of load response programs through
minute-to-minute metering, real-time pricing information, marketplace
bidding capabilities and automated energy curtailment strategies.
VirtuWatt's open architecture is compatible with all major building
management systems. To watch a brief video about Constellation Energy's
VirtuWattTM offering, please click here.
iPhone® and iPad® are registered trademarks of Apple Inc.
The materials provided and any offerings described herein are those of
Constellation NewEnergy, Inc., a subsidiary of Constellation Energy
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.
About Montana-Dakota Utilities Co.
Montana-Dakota Utilities Co. distributes natural gas and generates,
transmits and distributes electricity and provides related services in
the northern Great Plains. The company serves approximately 125,000
electric customers and 245,000 natural gas customers in 262 communities
in North Dakota, South Dakota, Montana and Wyoming. Montana-Dakota is a
division of MDU Resources Group, Inc., a multidimensional natural
resources enterprise traded on the New York Stock Exchange as "MDU." For
more information about MDU Resources, visit the company's Web site at www.mdu.com.
For more information about Montana-Dakota, visit www.montana-dakota.com.
Constellation EnergyKelly Biemer, 410-470-7433orMontana-Dakota
UtilitiesMark Hanson, 701-530-1093Mark.email@example.com
Source: Constellation Energy and Montana-Dakota Utilities Co.
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