MINNEAPOLIS and BALTIMORE, Oct. 14,
2014 /PRNewswire/ -- Honeywell (NYSE:HON) and
power provider Constellation today introduced an energy-saving
service plan available to millions of homeowners and small
businesses across 23 states. By enrolling in the plan to meet their
gas and electricity needs, customers can lock in competitive prices
and receive up to a $200 gift card
from Constellation for buying any Honeywell Wi-Fi thermostat,
including the new Lyric™. These modern, app-driven
thermostats provide comfort, convenience and an opportunity to
reduce energy consumption every day through easy programming and
remote connectivity.
The plan builds on the companies' regional efforts in Texas —
and Honeywell's decades-long experience linking energy suppliers
and users — bringing the thermostat offer to residents and business
owners in states where Constellation does business, which covers an
estimated 30 million homes alone. If only 20 percent of eligible
homeowners signed up and installed the technology, they trim their
collective energy spend by approximately $768 million each year, a rate of $128 per household based on estimates from
GreenOhm and Honeywell for the annual savings a programmable
thermostat can deliver.
Customers can get the Wi-Fi devices at low or no cost with a
gift card — $100 for
home electricity service, $100 for
gas service or $200 for both. The
offer doubles for small businesses. Plus, a six-month or longer
service agreement with Constellation, one of the leading energy
suppliers, provides affordable, fixed rates and protection from
price volatility.
"Competitive rates, stability and energy management provide an
excellent value for consumers and businesses," said Bruce Stewart, senior vice president and chief
marketing officer for Constellation. "Honeywell and Constellation
are offering great customer service and technology, and that means
value without having to sacrifice quality or comfort."
Constellation customers can choose from a variety of Honeywell
Wi-Fi connected thermostats available online and in retail stores,
as well as through local contractors. Retail products include the
Honeywell Lyric Thermostat (MSRP: $279); the Wi-Fi Smart Thermostat (MSRP:
$249); the Wi-Fi 7-Day Programmable
Touchscreen Thermostat (MSRP: $149)
and the Wi-Fi 7-Day Programmable Thermostat (MSRP: $119).
These devices can be set and managed from virtually any
computer, tablet or smartphone using Total Connect Comfort, the
top-rated thermostat app on iTunes® and Google
Play™, or the Lyric app.
"Constellation's customer service and competitive rates are an
appealing combination, and our products just add to the
experience," said Jeremy Eaton,
president, Honeywell Connected Home. "With a wide range of Wi-Fi
thermostats, homeowners and businesses can find a product to meet
their specific needs. And everyone can count on enhanced comfort,
convenience and control."
Honeywell will help manage promotional and recruitment efforts
for the program. The company has worked with more than 100
utilities and providers, and 6 million of their customers to trim
energy use and reduce stress on the electrical grid when
consumption peaks. It also has controls in 150 million homes, 10
million facilities and thousands of industrial sites, and is
helping link these buildings into smart grid programs.
For additional detail on the Constellation plan and to verify
eligibility, residential customers can visit
www.constellationaffinity.com/HONB. Small business owners should
call 855-544-3827.
Information on Honeywell thermostats and other products for the
home is available at yourhome.honeywell.com and @Honeywell_Home.
The company's smart grid technology and services are featured on
honeywellsmartgrid.com and @HoneywellGrid.
About Honeywell
Honeywell (www.honeywell.com) is a
Fortune 100 diversified technology and manufacturing leader,
serving customers worldwide with aerospace products and services;
control technologies for buildings, homes, and industry;
turbochargers; and performance materials. For more news and
information on Honeywell, please visit www.honeywellnow.com.
About Constellation
Constellation is a leading
competitive retail supplier of power, natural gas and energy
products and services for homes and businesses across the
continental United States.
Constellation's family of retail businesses serves more than
100,000 business and public sector customers, including more than
two-thirds of the Fortune 100, and more than 1 million residential
customers. Baltimore-based
Constellation is a subsidiary of Exelon Corporation (NYSE: EXC),
the nation's leading competitive energy provider, with 2013
revenues of approximately $24.9
billion, and more than 35,000 megawatts of owned capacity
comprising one of the nation's cleanest and lowest-cost power
generation fleets. Learn more at www.constellation.com or on
Twitter at @ConstellationEG.
This release contains "forward-looking statements" within the
meaning of Section 21E of the Securities Exchange Act of 1934. All
statements, other than statements of fact, that address activities,
events or developments that we or our management intend, expect,
project, believe or anticipate will or may occur in the future are
forward-looking statements. Forward-looking statements are based on
management's assumptions and assessments in light of past
experience and trends, current conditions, expected future
developments and other relevant factors. They are not guarantees of
future performance, and actual results, developments and business
decisions may differ from those envisaged by our forward-looking
statements. Our forward-looking statements are also subject to
risks and uncertainties, which can affect our performance in both
the near- and long-term. We identify the principal risks and
uncertainties that affect our performance in our Form 10-K and
other filings with the Securities and Exchange Commission.
Aaron
Parker
|
Kelly
Biemer
|
Honeywell
|
Constellation
|
763-954-4257
|
410-470-9700
|
aaron.parker@honeywell.com
|
kelly.biemer@constellation.com
|
SOURCE Honeywell