Northwest Suburban Illinois Municipalities Choose Constellation as Electricity Supplier
March 12, 2014
CHICAGO (Mar. 12, 2014) — A consortium of seven Northwest Chicago suburbs has chosen Constellation, a business unit of Exelon Corp. and longtime retail electricity supplier in Illinois, to supply residents with fixed price electricity following a competitive bidding process under the state’s electricity choice aggregation program. The Northwest Consortium, which includes the communities of Arlington Heights, Buffalo Grove, Lincolnshire, Palatine, Vernon Hills and Wheeling, signed the agreement with Constellation on Mar. 5. Long Grove is expected to sign the agreement later this month.
“This agreement will deliver rate certainty to the residents of these seven communities, as they now can lock in a competitive rate for electricity supply for a three-year term,” said Bruce Stewart, chief marketing officer for Constellation. “We are proud to add these 95,000 program participants to our growing list of Illinois customers. This agreement illustrates that the competitive electricity market continues to give homeowners and businesses strong choices and value.”
Electric service under the new agreement is scheduled to begin in May 2014.
Constellation will work with the Northwest Consortium to notify all eligible customers of the new electric supply rate, terms and conditions, and their right to opt-out of the program. Residential and small commercial retail customers will have the right to opt-out of the aggregation program without penalty. Customers who do not opt out, but later choose to leave the program, can do so at any time within the three-year term without penalty.
Constellation is a leading competitive retail supplier of power, natural gas and clean energy solutions for homes and businesses across the continental United States. Constellation's family of retail businesses serves approximately 2 million residential, public sector and business customers, including three-fourths of the Fortune 100. Baltimore-based Constellation is a subsidiary of Exelon Corporation (Nasdaq: EXC), the nation's leading competitive energy provider, with 2020 revenues of approximately $33 billion, and more than 30,000 megawatts of owned capacity comprising one of the nation's cleanest and lowest-cost power generation fleets. Learn more at www.constellation.com or on Twitter at @ConstellationEG.
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