Renewable power will match electricity usage at Gillette Stadium for all
New England Patriots pre-season, regular and post-season home games
BALTIMORE, Nov. 12 /PRNewswire-FirstCall/ -- Constellation Energy
(NYSE: CEG) today announced that its subsidiary, Constellation NewEnergy,
is now the "Green Power Behind the Patriots." Constellation NewEnergy,
which has an existing power agreement to serve Gillette Stadium, will
secure Renewable Energy Credits (RECs) to match the stadium's electricity
usage with wind power before, during and after all New England Patriots
pre-season, regular and post-season home games.
"The New England Patriots organization is committed to reducing our
collective carbon footprint," said Jonathan Kraft, President of the New
England Patriots and The Kraft Group. "Building upon our already successful
relationship with Constellation NewEnergy, we are asking them to help us
meet our goal of matching each game with renewable energy."
Gillette Stadium's environmental practices have been a model for large-
scale construction projects since ground was broken in 2000. In 2001, the
Kraft family, which privately financed the $325 million stadium, received
the Environmental Award for Corporate Leadership from the Environment
Business Council of New England in recognition of the innovative
environmental practices in the stadium's design. In 2002, the year Gillette
Stadium opened, the U.S. Environmental Protection Agency presented the
Kraft Group with New England's Environmental Merit Award for their
achievement. As part of an existing five-year agreement with the New
England Patriots that commenced in 2003, and was recently extended,
Constellation NewEnergy will now secure wind power for the balance of the
agreement.
"We have been incredibly proud to serve the New England Patriots since
2003, and now we are pleased to support their sustainable environmental
practices by securing clean, renewable energy sources to match the
electricity usage for home games throughout the season," said Michael
Kagan, president, Constellation NewEnergy. "Given the national prominence
of the Patriots, this significant action sets a terrific example for other
companies and businesses preparing to introduce renewable energy into their
portfolio as part of an overall strategy to address climate change."
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 2006 revenues of $19.3 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.
The Kraft Group is the holding company for the Kraft family's various
businesses, which has concentrated interests in five specific areas: the
distribution of forest products, paper and packaging manufacturing, sports
and entertainment, real estate development and private equity investing.
The Kraft Group's sports and entertainment division features Gillette
Stadium, New England's premier concert and entertainment venue and home to
the National Football League's three-time Super Bowl Champion New England
Patriots and Major League Soccer's New England Revolution. Their real
estate development team oversaw the construction of Gillette Stadium and is
now developing Patriot Place, a 1.3 million square foot lifestyle and
entertainment center located in Foxborough, Mass., anchored by New
England's first outdoor superstore, Bass Pro Shops. For more information,
please visit http://www.thekraftgroup.com.
SOURCE Constellation Energy
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