Green-e certified wind Renewable Energy Certificates will match electricity
usage during the world renowned tennis tournament
BALTIMORE, Aug. 25 /PRNewswire-FirstCall/ -- Constellation Energy
(NYSE: CEG) today announced that its subsidiary, Constellation NewEnergy
(CNE), is helping to turn the court green at the 2008 US Open in Flushing,
N.Y. CNE will supply an estimated 2,000 Green-e certified wind Renewable
Energy Certificates (RECs) to the United States Tennis Association (USTA)
to match the electricity consumption at the USTA Billie Jean King National
Tennis Center for the duration of the US Open held Aug. 25-Sept. 7, 2008.
"We're proud to be serving this year's US Open with clean,
wind-generated energy," said Michael Kagan, president of Constellation
NewEnergy. "By matching their electricity usage with renewable energy, the
USTA and other sports associations across America are helping to lead the
effort to address the environmental and energy challenges we face around
the globe."
"Big-time sporting events provide a unique platform to educate our fans
on green initiatives, and we feel that the best way we can educate is to
lead by example," said Arlen Kantarian, chief executive officer, Pro
Tennis, USTA. "We have a plan that will lessen the environmental impact of
the event and heighten the environmental awareness of those who attend it."
CNE has a successful track record of providing sources of renewable
energy to sporting events and venues across the country. For example, last
year CNE and The Kraft Group announced their collaboration to secure wind
RECs to match the electricity usage at Gillette Stadium, home to the New
England Patriots, before, during and after all pre-season, regular and
post-season home games. The electricity usage at the 2007 Constellation
Energy Senior Players Championship was also matched with RECs by CNE. This
was the first-ever PGA TOUR or Champions Tour event to be powered fully by
renewable energy. This year, CNE also supplied RECs to match the
electricity usage at the 2008 NCAA Men's Lacrosse Championship.
CNE offers a suite of sustainable solutions including demand response
programs and renewable energy resources. At the US Open, CNE will be
supplying RECs generated from the wind. A REC represents the clean air
benefits from electricity generated from a wind, solar or other renewable
power facility. Organizations may use RECs to reduce their greenhouse gas
emissions and help support the operation and development of domestic
sources of cleaner, renewable energy.
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 more than 15,000
megawatts of peak load and approximately 400 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 83 generating
units located throughout the United States, totaling approximately 9,000
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.
The USTA is the national governing body for the sport of tennis in the
U.S. and the leader in promoting and developing the growth of tennis at
every level -- from local communities to the highest level of the
professional game. It owns and operates the US Open, the highest attended
annual sporting event in the world, and launched the Olympus US Open Series
linking 10 summer tournaments to the US Open. In addition, it owns the 94
Pro Circuit events throughout the U.S., and selects the teams for the Davis
Cup, Fed Cup, Olympic and Paralympic Games. A not-for-profit organization
with 725,000 members, it invests 100% of its proceeds in growing the game.
For more information on the USTA, log on to usta.com.
SOURCE Constellation Energy
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Related links:
http://www.newenergy.com
http://www.constellation.com http://usta.com
http://www.prnewswire.com/comp/084087.html/
CONTACT:
Jennifer Wood or Lawrence McDonnell,
+1-410-470-7433, both of Constellation Energy
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