City of Cleveland Selects Constellation as Electricity Supplier
June 26 2015 - 9:58AM
Business Wire
Two-year municipal aggregation agreement
provides customers price protection, supports renewable energy
resources
Constellation, a subsidiary of Exelon Corporation and a longtime
competitive energy supplier in Ohio, today announced that it has
been selected by the City of Cleveland, Ohio, to provide
fixed-price electricity supply following a competitive bidding
process under the state’s electricity choice, governmental
aggregation program.
The electricity supply agreement will provide price protection
and 24-hour customer service to more than 60,000 Cleveland-area
residents and small businesses. The program also supports the
development of renewable energy resources through a 50 percent
renewable energy mix through renewable energy credits (RECs).
Electric service under the new agreement is scheduled to begin with
August 2015 meter reads and continue through July 2017.
“This agreement will deliver price protection to Cleveland
customers, as they now can lock in a competitive rate for
electricity supply for a two-year term,” said Bruce Stewart, senior
vice president and chief marketing officer for
Constellation. “As a national energy leader with deep roots in
serving Ohio residential as well as commercial, industrial and
governmental customers, we look forward to serving Cleveland
residents and supporting the City’s sustainability goals.”
The standard program includes a 50 percent renewable energy
component (RECs) at a rate of $0.0701 per kilowatt-hour. Customers
may decline the 50 percent renewable energy option and decrease the
price to $0.0694 per kilowatt-hour. Additionally, customers have
the option to match 100 percent of their electricity supply with
RECs at a rate of $0.0708 per kilowatt-hour.
Constellation will work with the City of Cleveland to notify all
eligible customers of the new electric supply rate, terms and
conditions, and their right to opt-out of the program. Residential
and small commercial retail customers will have the right to
opt-out of the aggregation program without penalty. Customers who
do not opt out, but later choose to leave the program, can do so at
any time within the two-year term without penalty.
To learn more Cleveland residents can contact Constellation
toll-free at (855) 879-1253 or online at
www.constellation.com/oh-cleveland.
*This offer sold by Constellation Energy Services, Inc., an
independent electricity supplier licensed by the Public Utilities
Commission of Ohio, license No. 00-013E(8). Constellation’s price
does not include any taxes, utility distribution charges or other
utility fees, charges or credits, and is subject to the terms of
the agreements with the City and the participants.
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 2.5 million
residential, public sector and business customers, including more
than two-thirds of the Fortune 100. Baltimore-based Constellation
is a subsidiary of Exelon Corporation (NYSE: EXC), the nation's
leading competitive energy provider, with 2014 revenues of
approximately $27.4 billion, and more than 32,000 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20150626005448/en/
ConstellationKelly Biemer,
410-470-9700Kelly.Biemer@constellation.com
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