Illinois Manufacturers' Association Renews, Expands Agreement Choosing Constellation Energy as Endorsed Energy Supplier for IMA Companies
New Services Include Load Response, Residential Electric Choice for IMA
Plants and Companies Employing 600,000 Workers
CHICAGO--(BUSINESS WIRE)--
Constellation Energy (NYSE: CEG), the nation's leading competitive
electricity supplier to business and public sector customers, today
announced the Illinois Manufacturers' Association has signed a
three-year agreement choosing Constellation as its endorsed energy
supplier, further cementing a relationship that began 10 years ago.
"We are thrilled with this opportunity to offer Illinois manufacturers a
broader array of energy solutions to help them meet their financial and
sustainability goals," said Mark Huston, head of Constellation Energy's
Retail businesses. New services available to IMA members in the contract
include natural gas, residential electric choice with the potential to
benefit 600,000 manufacturing workers, and load response service to help
IMA companies offset rising operating costs during periods of peak
energy demand.
"The IMA already knows Constellation Energy is a proven supplier who has
given our members customized energy solutions and price certainty for
the past decade," said Greg Baise, IMA president and chief executive
officer. "The IMA is excited about this new contract with Constellation
because it gives our member companies even more ways to help protect
their businesses from price risk in today's volatile energy market and
it has the added benefit of extending energy price certainty to
individual employees."
Constellation Energy offers Illinois manufacturers a variety of
services, including energy purchasing programs for commercial and
industrial electric power and natural gas. Constellation works with
customers to identify peak load periods so companies can optimize
production during periods when energy is at a lower price.
Constellation Energy is a recognized leader in the Illinois business and
public sector energy market, and has been providing electric and natural
gas service to thousands of the state's largest employers, schools,
hospitals and municipalities for more than a decade. Constellation
Energy began providing residential electric service to Chicago-area
Commonwealth Edison residential customers in February, and selected
Ameren residential customers in July. More information about
Constellation's residential electric choice offer to consumers
throughout Illinois is available at home.constellation.com
About the Illinois Manufacturers' Association
Established in 1893, the IMA is the oldest and largest manufacturing
association in the nation. Its mission is to preserve and strengthen
Illinois' manufacturing base. The association works with member
companies to help hold down their costs, comply with state and federal
laws, and fight costly, unnecessary regulations. The IMA represents
nearly 4,000 companies and plants that employ nearly 600,000 workers in
the state, where manufacturing remains the largest single contributing
sector to GDP.
About Constellation Energy
Constellation Energy (www.constellation.com)
is a leading competitive supplier of power, natural gas and energy
products and services for homes and businesses across the continental
United States. It owns a diversified fleet of generating units, totaling
approximately 12,000 megawatts of generating capacity, and is a leading
advocate for clean, environmentally sustainable energy sources, such as
solar power and nuclear energy. The company delivers electricity and
natural gas through the Baltimore Gas and Electric Company (BGE), its
regulated utility in Central Maryland. A FORTUNE 500 company
headquartered in Baltimore, Constellation Energy had revenues of $14.3
billion in 2010.
Constellation Energy
Media Contact:
Maureen Brown, 410-470-7433
or
Investor
Contact:
Sandra Brummitt, 410-470-6440
Source: Constellation Energy
News Provided by Acquire Media
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