PsomasFMG and Constellation to Develop up to 50 Megawatts of Solar Generation for California Schools and Municipalities

  PsomasFMG and Constellation to Develop up to 50 Megawatts of Solar
  Generation for California Schools and Municipalities

  First 10 megawatts currently under construction; power purchase agreements
     enable customers to install solar generation with no upfront capital

Business Wire

SAN FRANCISCO -- July 8, 2014

PsomasFMG and  Constellation today announced an agreement to develop up to 50
megawatts of solar distributed generation projects for California-area schools
and municipalities through the end of 2015. The agreement calls for
Constellation to provide financing to build, own and operate the solar power
systems and sell the electricity generated by the systems to customers through
power purchase agreements.

To date, four solar projects have been completed or are currently under
construction in Southern California: an 878-kilowatt system for Castaic Union
School District in Valencia, a 7.6-megawatt portfolio of systems for Chaffey
Joint Union High School District in Ontario, a 1-megawatt system for Keppel
Union School District in Pearblossom, and a 976-kilowatt system for the city
of Palmdale.

“Our solar project with PsomasFMG and  Constellation is the proverbial win-win
for everyone involved,” said Palmdale Mayor Jim Ledford. “It is enabling
Palmdale to provide clean energy and meet our greenhouse gas reduction goals,
while saving money for our residents.”

“During a time when many schools and public agencies are dealing with major
budget constraints, on-site solar generation through a power purchase
agreement is a way to reduce electricity costs,” said Lou Kwiker, chief
executive officer of PsomasFMG.

Kwiker added, “Constellation’s 180 megawatts of distributed generation solar
projects currently under contract, as well as its financing capabilities and
energy services experience, make Constellation uniquely qualified to meet our
needs and the needs of our customers. Under this agreement, Constellation and
PsomasFMG will be able to offer unparalleled development, installation,
financing and asset management services, enabling customers to maximize the
savings and value from solar energy systems.”

“With more than 40 megawatts of project experience and a strong reputation
with its customers, PsomasFMG is a natural fit as we expand our solar energy
capabilities for businesses and public agencies in California,” said Brendon
Quinlivan, director of solar sales for Constellation. “We look forward to
working with PsomasFMG to help customers meet their environmental goals and
better manage their energy costs.”

Quinlivan added, “As a national energy supplier, Constellation is committed to
providing customers opportunities for the adoption of distributed generation
in parallel with their larger energy purchasing strategies. Structuring solar
projects as power purchase agreements requires no upfront capital from
customers, and provides them with fixed power costs that are often less than
projected market rates.”

Constellation currently owns more than 180 megawatts of solar installations
that have been completed or are under construction for commercial, industrial
and government customers throughout the United States. Of that total, the
company has installed 90 megawatts of solar installations for school and
municipal locations in California and Arizona.

California schools and municipalities interested in on-site solar through a
power purchase agreement with Constellation may contact PsomasFMG at
pmikos@psomasfmg.com or (714)465-4904.

About PsomasFMG

Based in Huntington Beach, CA, PsomasFMG provides turnkey solar solutions to
its clients by utilizing a combination of engineering expertise, private
investor funding, utilizing federal and state subsidies. In 2010, PsomasFMG
completed the largest operational school solar system in Southern California,
a 9.6 MW project across 10 schools in the Antelope Valley Union High School
District. Utilizing Power Purchase Agreements and requiring no capital outlay
from its host clients, PsomasFMG has also completed over 26 MWs of solar
projects for offtakers such as County of Orange and several multi-campus
school districts in Los Angeles County such as William S. Hart School
District, Wilsona School District, Palmdale School District, and
Hughes-Elizabeth Lake School District. PsomasFMG has developed several other
solar projects currently under various stages of design and construction for
the City of Palmdale, Castaic Union School District, Keppel Union School
District, Chaffey Joint Union High School District, a 3MW project with the
City of Lancaster under a PPA with Southern California Edison and a
design-build project for the Redondo Beach Unified School District. PsomasFMG
is dedicated to bringing value to California school and communities. For more
information about PsomasFMG visit www.PsomasFMG.com

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 2013 revenues of approximately $24.9 billion. Headquartered in
Chicago, Exelon does business in 48 states, the District of Columbia and
Canada. Exelon is one of the largest competitive U.S. power generators, with
more than 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
7.8 million customers in central Maryland (BGE), northern Illinois (ComEd) and
southeastern Pennsylvania (PECO). Follow Exelon on Twitter @Exelon.

Contact:

PsomasFMG
Paul Mikos, 714-408-2982
or
Constellation
Kelly Biemer, 410-470-9700
kelly.biemer@constellation.com
 
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