Constellation Completes 5.7-Megawatt Solar Generation Project for Portland General Electric

  Constellation Completes 5.7-Megawatt Solar Generation Project for Portland
  General Electric

Business Wire

BALTIMORE -- January 24, 2013

Constellation today announced the completion of an aggregate 5.7-megawatt (DC)
solar generation project for Portland General Electric (PGE) in Lake County,
Oregon. Constellation financed as well as owns and operates the solar power
system. In return, PGE purchases and receives all of the electricity generated
by the solar panels at a fixed rate from Constellation under a 25-year solar
power purchase agreement (PPA).

Constellation's 5.7-megawatt solar generation project for Portland General
Electric in Lake County, ...

Constellation's 5.7-megawatt solar generation project for Portland General
Electric in Lake County, Oregon, generates an estimated 10 million
kilowatt-hours of electricity per year. (Photo: Constellation)

“Portland General Electric is working hard to diversify its portfolio of
renewable generating resources while maintaining a reliable supply of power
for its customers,” said Jim Lobdell, PGE’s vice president for power
operations and resource strategy. “The project marks a significant addition to
that effort, and will help us serve homes and businesses in our service area
for years to come.”

“Constellation congratulates Portland General Electric for its commitment to
renewable energy,” said Michael D. Smith, vice president of solar and energy
efficiency sales for Constellation. “This project is a great example of the
success of public and private partnerships in boosting the development of
renewable generation.”

The project was supported in part through a grant from the Energy Trust of
Oregon and a business energy tax credit from the Oregon Department of Energy.
Through its PPA with Constellation, PGE did not have to commit upfront capital
to build the project and retains the environmental attributes of the project
to meet the state of Oregon’s renewable portfolio standard requirements.

The solar project was co-developed by Obsidian Finance Group and Smart Energy
Capital. Belectric, Inc., provided engineering, procurement, construction
services and construction financing before Constellation acquired the project.
Approximately 75 people were employed during construction. Belectric, Inc.,
will also provide operations and maintenance services for the project.

The solar power system comprises more than 20,000 ground-mounted photovoltaic
panels. The project is expected to generate approximately 10 million
kilowatt-hours of electricity per year. Generating the same amount of
electricity using nonrenewable sources would result in the release of an
estimated 2,250 metric tons of carbon dioxide annually, or the equivalent
emissions from 379 passenger vehicles, according to U.S. Environmental
Protection Agency data.

Constellation currently owns and operates more than 126 megawatts of solar
installations that have been completed or are under construction for
commercial and government customers throughout the United States.
Constellation commercial customers, universities, school systems, hospitals
and government agencies interested in on-site solar installations of 1
megawatt or larger may contact Constellation at
sustainable-solutions@constellation.com or 1-877-427-2005.

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.

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Contact:

Constellation
Kelly Biemer, 410-470-9700
 
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