April 16, 2014 4:09 PM ET

Independent Power and Renewable Electricity Producers

Company Overview of Constellation Energy Group, Inc.

Company Overview

Constellation Energy Group, Inc., an energy company, develops, owns, operates, and maintains fossil and renewable generating facilities in the United States and Canada. As of December 31, 2011, the company had interests in generating facilities totaling 11,751 megawatts (MW) of generating capacity. It also manages approximately 1,100 MW associated with long-dated tolling agreements; and provides operation and maintenance services, including testing and start-up to owners of electric generating facilities. The company supplies electricity, natural gas, and other energy products and services to wholesale and retail electric and natural gas customers. In addition, it manages generation faciliti...

100 Constellation Way

Baltimore, MD 21202

United States

Founded in 1995

7,900 Employees

Phone:

410-470-2800

Key Executives for Constellation Energy Group, Inc.

Chief Executive Officer
Age: 47
Chief Energy Counsel
Executive Vice President
Age: 62
Senior Vice President
Age: 62
Chief Executive officer of Constellation Energy Partners LLC
Age: 45
Compensation as of Fiscal Year 2013.

Constellation Energy Group, Inc. Key Developments

Northwest Suburban Illinois Municipalities Chooses Constellation as Electricity Supplier

A consortium of seven Northwest Chicago suburbs has chosen Constellation to supply residents with fixed price electricity following a competitive bidding process under the state's electricity choice aggregation program. The Northwest Consortium, which includes the communities of Arlington Heights, Buffalo Grove, Lincolnshire, Palatine, Vernon Hills and Wheeling, signed the agreement with Constellation on March 5, 2014. Long Grove is expected to sign the agreement later March, 2014. Electric service under the new agreement is scheduled to begin in May 2014. Constellation will work with the Northwest Consortium 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.

Constellation to Develop 27 MW Biogas Co-Generation Power Plant for City of Los Angeles Bureau of Sanitation

Constellation announced that it has signed an agreement with the City of Los Angeles to design, build and operate a 27-megawatt (MW) renewable energy power plant at L.A. Sanitation's Hyperion Treatment Plant. Hyperion is among the 10 large wastewater treatment facilities in the world, according to a 2012 Engineering News Record report. The sewage treatment process at Hyperion generates a class 1 renewable fuel known as digester gas. The new power plant, which will cost approximately $130 million to construct, will use the digester gas produced at Hyperion as its primary fuel source. The power plant will produce steam and electricity that will be used to operate Hyperion's treatment operations. L.A. Sanitation selected Constellation as the project developer after a lengthy competitive bidding process. Constellation and its subcontractors will develop, construct and operate the co-generation facility for 10 years, with an option to extend the agreement for five additional years. Commercial operation of the Hyperion co-generation facility is expected by the end of 2016.

Constellation Wins Unique Coal-Free Power Supply Agreement from City of Chicago

Constellation announced a unique power supply agreement with the City of Chicago that will be sourced entirely from non-coal generation facilities. New rates secured under the 25-month agreement will deliver a 2% discount from the City's last electricity contract, despite escalating regional transmission and other tariff costs, amounting to a reduction in City electricity costs of $1.2 million over two years. In addition to capturing historically low market prices, the agreement ensures Chicago's power supply will be sourced by Constellation from non-coal fueled assets. By eliminating coal and transitioning to cleaner energy produced by nuclear and natural gas generation facilities based in Illinois, the City will reduce its carbon emissions by 99.5% and remove the equivalent of 221,000 cars from the road. The City's agreement with Constellation also complies with Illinois Renewable Portfolio standards. Meeting this non-coal supply requirement does not add any cost to the City, and will contribute to meeting the City's Climate Action Plan goals.

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