Constellation Expands Residential Electricity Choice and Savings to Nearly
600,000 Southwestern Ohio Homeowners
Offer is up to 14 percent below current Duke Energy “Price to Compare"; new
customers to receive $25 gift card
CINCINNATI -- June 20, 2013
Constellation NewEnergy, Inc. (“Constellation”), a business unit of Exelon
(NYSE: EXC) and a longtime competitive energy supplier in Ohio, today
announced the launch of residential electricity supply in southwestern Ohio
with a 12-month fixed price offer to nearly 600,000 consumers that delivers an
estimated 14 percent savings over Duke Energy’s current price to compare*.
Constellation is offering residential customers a 12-month pricing plan at
5.59 cents/kilowatt-hour (kWh), representing savings of up to 14 percent on
the electricity commodity over Duke Energy’s current price to compare of
In addition, new customers will be eligible to receive a $25 gift card†.
“Constellation is thrilled to begin providing southwestern Ohio homeowners
with a competitive electricity solution that will help them lower their
electricity prices,” said Bruce Stewart, senior vice president, Constellation.
"By shopping with Constellation, homeowners in the Duke service territory can
save now and lock in their rate for a year.
“Constellation is a national energy leader currently serving Ohio residential
customers as well as a large base of commercial, industrial and governmental
customers in the state,” Stewart said. “Our goal is to provide Ohio
residential electricity shoppers superior customer care and an easy,
hassle-free shopping experience. To enhance the value to customers, later this
summer we plan to introduce in the Duke Energy market a dual fuel option that
will allow customers to shop with Constellation for electricity and natural
Those who make the switch to Constellation can do so with confidence:
*Constellation does not charge a sign-up or enrollment fee;
*Constellation offers a 90-day customer satisfaction period with
*And fast, easy online and telephone sign-up options
A mailed brochure detailing Constellation’s limited time offer to Ohio
residential customers will begin arriving in mailboxes in southwestern Ohio in
the weeks ahead.
Independent sales representatives, working on behalf of Constellation, will be
visiting southwestern Ohio communities to spread the word about the benefits
of energy choice. Please click here for an educational video with more
information on how these independent sales representatives can help customers
learn more about the benefits of customer choice and switching to
Additional Background on Retail Electricity Choice
Retail electric choice provides customers the opportunity to shop for the best
combination of electricity price and customer service to meet their needs.
Under Ohio state law, customers are free to switch to a competitive
electricity supplier with no impact on their utility service reliability.
Consumers who choose to buy electricity through Constellation will experience
exceptional customer service. They will see the new Constellation commodity
price in the kilowatt-hour (kWh) rate for electric generation service listed
on their monthly utility bill. Duke Energy will continue to handle all
billing, and will continue to respond to all service inquiries, including
queries about outages. Contracts with Duke Energy related to service and
maintenance of appliances will not be impacted.
To learn more about retail choice in Ohio, visit the Public Utilities
Commission of Ohio web site at www.puco.ohio.gov.
Ohio residential customers wishing to switch their electricity supplier to
Constellation can sign up online at home.constellation.com or call
*DUKE ENERGY OHIO’S RATES ARE SUBJECT TO CHANGE AND, THEREFORE, WE CANNOT
GUARANTEE SAVINGS OVER THE FULL TERM OF OUR PRICE PLANS. Our price does not
include any taxes, utility distribution charges or other utility fees, charges
or credits. Savings are based on Duke Energy’s current price of Standard Offer
Supply (SOS) for rate class RS (Residential Service) of 6.521 cents per kWh
assuming usage of 1500 kWh. Duke Energy’s price of SOS for rate class RS from
June 1, 2013 – Sept. 30, 2013 is 6.131 cents per kWh for the first 1,000 kWh
of usage and 7.301 cents per kWh for usage above 1,000 kWh. Duke Energy’s
price for SOS includes charges for Generation, Capacity, Alternate Energy
Recovery, Transmission, and Supplier Cost Reconciliation. Ohio Supplier
† Only new customer contracts not terminated within 90 days are eligible for
rewards cards. Cards are issued by Citibank, N.A. pursuant to a license from
Visa U.S.A. Inc. and managed by Citi® Prepaid Services. Cards will not have
cash access and can be used everywhere Visa® debit cards are accepted. Please
allow 8-10 weeks after your first bill to receive your card. To check the
status of your card or to report lost or stolen cards, please call
1-800-522-7458 or email email@example.com.
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 2012 revenues of approximately $23.5 billion. Headquartered in
Chicago, Exelon has operations and business activities in 47 states, the
District of Columbia and Canada. Exelon is one of the largest competitive U.S.
power generators, 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
Larry McDonnell, 410-470-9700
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