Texas Public Power Pool Selects Constellation to Supply Low-Cost Electricity to Members

  Texas Public Power Pool Selects Constellation to Supply Low-Cost Electricity
  to Members

    Three-year agreement with state’s largest aggregator offers members a
                     competitive electricity supply rate

Business Wire

HOUSTON -- November 19, 2012

Public Power Pool (P3) has selected Constellation to supply its members with
2.7 million megawatt- hours of low-cost electricity following a competitive
bidding process. P3 is one of the largest electricity aggregators in Texas,
purchasing power for approximately 69 local governments and public entities.

According to P3, the three-year agreement with Constellation, beginning in
2014, provides a commodity supply rate to its members that is 31 percent lower
than the commodity component of their electricity costs under their current
contract.*

“We are committed to finding, through rigorous competitive bidding, the best
contract term and rate for electricity supply,” said Donald Lee, P3 executive
director. “Constellation competed aggressively and won the business of our
members.”

“As a longtime electricity supplier in Texas, Constellation is proud to
support P3’s mission to its members,” said Lou Hutchinson, vice president of
public sector and energy efficiency sales for Constellation. “P3 members can
rely on Constellation’s expertise to meet their procurement goals as well as
to develop and implement strategies to better manage their overall energy use
through energy efficiency measures. Constellation can also help them to earn
additional revenue through participation in load response programs.”

Constellation is a national leader in providing comprehensive energy solutions
to federal, state and local agencies as well as private sector firms that
range from small businesses to the Fortune 100. The company currently serves
more than 380 federal government sites and 4,000 government customers in 47
states.

Governmental customers interested in solutions to manage their energy costs
and meet environmental goals may contact Constellation at
constellationgov@constellation.com or visit www.constellation.com/government.

*Offer sold and contracted by Constellation NewEnergy, Inc., a subsidiary of
Exelon Corporation. Constellation NewEnergy is a licensed retail electric
provider in the state of Texas with certification number 10014.
Constellation’s price does not include any taxes, utility distribution charges
or other utility fees, charges or credits.

About Public Power Pool

Texas CUC Aggregation Project, Inc., d/b/a Public Power Pool
(www.publicpowerpool.org), is a non-profit political subdivision corporation,
created by local governments in Texas, designed to save taxpayer money by
aggregating power usage to procure the best power contracts at the lowest
cost.

About Constellation

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 continentalUnited
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 approximately $33 billion in annual revenues. Headquartered in
Chicago, Exelon has operations and business activities in 47 states, the
District of Columbia and Canada. Exelon is the largest competitive U.S. power
generator, 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). Learn more at:
www.exeloncorp.com.

Contact:

Constellation
Kelly Biemer, 410-470-9700
Kelly.Biemer@constellation.com
 
Press spacebar to pause and continue. Press esc to stop.