Building on InterContinental Hotels Group's sustainable practices, hotel
will secure Green-e certified RECs to match half of its electricity usage
BALTIMORE, Dec. 5 /PRNewswire-FirstCall/ -- Constellation Energy (NYSE:
CEG) today announced that its subsidiary, Constellation NewEnergy, has
entered into a green electricity purchase agreement with the
InterContinental Chicago Hotel. As part of the agreement, Constellation
NewEnergy will secure approximately two million kilowatt hours of Green-e
certified Renewable Energy Certificates (RECs) through its NewMix Super(SM)
product to match 50 percent of the hotel's electricity usage.
"Working with Constellation NewEnergy to match half of the hotel's
energy demands is in perfect alignment with our commitment to sustainable
and environmentally friendly practices," said Chris Mander, regional vice
president and general manager, InterContinental Chicago. "In addition to
furthering our own environmental goals, we see this purchase as setting a
strong example for our guests, partners and peers in the hospitality
industry."
The InterContinental Chicago is part of the InterContinental Hotels
Group (IHG). Since 2006, the IHG has worked to minimize its greenhouse gas
emissions and tackle the effects of climate change -- including new hotel
designs, management tools, water conservation and energy efficiency
projects, as well as climate change awareness campaigns with partners and
guests. In 1996, IHG commissioned and developed an environmental manual for
its hotels, and invited industry peers to co-sign what became the
International Hotels Environment Initiative. This marked the founding of
today's International Business Leaders Forum (IBLF) Tourism Partnership, of
which IHG remains a leading member.
"We are pleased to be providing the InterContinental Chicago with a
source of renewable energy to match 50 percent of the hotel's electricity
usage," said Michael Kagan, president, Constellation NewEnergy.
"Constellation NewEnergy is spearheading innovative green energy products
and solutions for our customers across North America, and we applaud both
the hotel and its parent company for its aggressive sustainability goals."
As part of the company's NewAnswers(SM) sustainable solutions,
NewMix(SM) Super is one of Constellation NewEnergy's two Green-e certified
products. For customers that purchase the NewMix Super product,
Constellation NewEnergy secures Renewable Energy Certificates (RECs) from
certified renewable resources such as wind, solar, hydro, biomass and/or
landfills. By purchasing RECs, companies are investing in the operation and
development of facilities that generate 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 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.
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