BALTIMORE, April 16 /PRNewswire-FirstCall/ -- Constellation Energy
(NYSE: CEG) today announced that its subsidiary, Constellation NewEnergy,
is offering its NewResponse(SM) demand response program to commercial,
industrial and governmental electricity customers in Ontario, Canada. As a
member of the Ontario Power Authority's (OPA) DR3 Program, Constellation
NewEnergy has agreed to provide 25 MW of demand response capacity, to
reduce energy use during times of peak demand.
The OPA will compensate Constellation NewEnergy's customers who curtail
energy use by shedding load or turning to on-site generation for a specific
period of time when called upon. Once enrolled, participants earn a
recurring availability payment for committing to the program, as well as an
energy utilization payment for actually reducing load.
"Enrolling in a demand response program is a smart business decision
that delivers an immediate return on investment," said Peter
Kelly-Detwiler, senior vice president for Constellation NewEnergy. "The
benefits of participating in the OPA DR3 program are twofold: alleviating
pressure on the grid and providing revenue that customers may choose to
invest in additional energy efficiency and environmental programs."
Ontario is the first Province in Canada to begin implementation of a
demand response program designed to reduce stress on the electricity grid
and to help prevent blackouts. Already offering demand response products to
customers in the United States, Constellation NewEnergy is well-positioned
to provide both seasoned expertise and comprehensive demand response
products to Ontario's emerging market.
"We are pleased to see Constellation NewEnergy, a provider of energy
services to wholesale, commercial and industrial customers, offering new
products and services to the Ontario electric market," said Paul Shervill,
vice president Conservation and Sector Development of the OPA. "We look
forward to working with Constellation NewEnergy to provide Ontario-based
customers additional opportunities to manage their energy costs while
helping to reduce electricity demand when supplies are tight."
Constellation NewEnergy (http://www.newenergy.com), a wholly owned
subsidiary of Constellation Energy (NYSE: CEG), is a leading competitive
supplier of electricity, natural gas and energy-related services to
commercial, industrial and institutional customers throughout North
America. Constellation NewEnergy operates in all competitive energy markets
throughout Canada and the United States, providing products that enable
customers to effectively manage and control energy costs. Constellation
NewEnergy's regional expertise, coupled with its national presence,
provides customers with customized energy products and services while
leveraging the assets of one of the strongest integrated energy companies
in North America. Constellation NewEnergy, based in Baltimore, serves more
than 19,000 commercial, industrial and institutional customers throughout
31 states and three Canadian provinces representing nearly 14,000 megawatts
of peak load and more than 354 billion cubic feet of annual natural gas
consumption.
Constellation Energy (http://www.constellation.com), a FORTUNE 125
company with 2007 revenues of $21 billion, is the nation's largest
competitive supplier of electricity to large commercial and industrial
customers and the nation's largest wholesale power seller. Constellation
Energy also manages fuels and energy services on behalf of energy intensive
industries and utilities. It owns a diversified fleet of 78 generating
units located throughout the United States, totaling approximately 8,700
megawatts of generating capacity. The company delivers electricity and
natural gas through the Baltimore Gas and Electric Company (BGE), its
regulated utility in Central Maryland.
SOURCE Constellation Energy
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