Texas Public Power Pool Selects Constellation to Supply Low-Cost Electricity to Members
Three-year agreement with state's largest aggregator offers members a competitive electricity supply rate
HOUSTON--(BUSINESS WIRE)-- Public Power Pool (P3) has selected Constellation to supply its members with 2.7 million megawatt- hours of low-cost electricity following a competitive bidding process. P3 is one of the largest electricity aggregators in Texas, purchasing power for approximately 69 local governments and public entities.
According to P3, the three-year agreement with Constellation, beginning in 2014, provides a commodity supply rate to its members that is 31 percent lower than the commodity component of their electricity costs under their current contract.*
"We are committed to finding, through rigorous competitive bidding, the best contract term and rate for electricity supply," said Donald Lee, P3 executive director. "Constellation competed aggressively and won the business of our members."
"As a longtime electricity supplier in Texas, Constellation is proud to support P3's mission to its members," said Lou Hutchinson, vice president of public sector and energy efficiency sales for Constellation. "P3 members can rely on Constellation's expertise to meet their procurement goals as well as to develop and implement strategies to better manage their overall energy use through energy efficiency measures. Constellation can also help them to earn additional revenue through participation in load response programs."
Constellation is a national leader in providing comprehensive energy solutions to federal, state and local agencies as well as private sector firms that range from small businesses to the Fortune 100. The company currently serves more than 380 federal government sites and 4,000 government customers in 47 states.
Governmental customers interested in solutions to manage their energy costs and meet environmental goals may contact Constellation at email@example.com or visit www.constellation.com/government.
*Offer sold and contracted by Constellation NewEnergy, Inc., a subsidiary of Exelon Corporation. Constellation NewEnergy is a licensed retail electric provider in the state of Texas with certification number 10014.Constellation's price does not include any taxes, utility distribution charges or other utility fees, charges or credits.
About Public Power Pool
Texas CUC Aggregation Project, Inc., d/b/a Public Power Pool (www.publicpowerpool.org), is a non-profit political subdivision corporation, created by local governments in Texas, designed to save taxpayer money by aggregating power usage to procure the best power contracts at the lowest cost.
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 continental United 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 (NYS: EXC) is the nation's leading competitive energy provider, with approximately $33 billion in annual revenues. Headquartered in Chicago, Exelon has operations and business activities in 47 states, the District of Columbia and Canada. Exelon is the largest competitive U.S. power generator, 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 (PECO). Learn more at: www.exeloncorp.com.
Kelly Biemer, 410-470-9700
KEYWORDS: United States North America Texas
The article Texas Public Power Pool Selects Constellation to Supply Low-Cost Electricity to Members originally appeared on Fool.com.
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