Constellation Energy (NYSE:CEG), the nation's leading competitive electricity supplier to business and public sector customers, today announced it will offer 2.2 million Northeastern Illinois residential electric consumers up to 12 percent savings compared to Commonwealth Edison's current Basic Electric Service (BES) residential rate.

Constellation Energy is offering homeowners and renters who are currently ComEd customers two ways to save on electricity: a 12-month pricing plan with an estimated 6-8 percent savings and a 24-month pricing plan offering an estimated 10-12 percent savings – compared to current ComEd pricing for BES residential (non-electric space heating) electric generation service.*

?Constellation Energy is pleased to provide Illinois consumers with a very competitive option that helps them potentially save money on their electric bills,? said Kathleen Hyle, senior vice president, Constellation Energy, and chief operating officer of the company's commercial division. ?Homeowners and renters in the ComEd service territory can spend just a few minutes online to secure low, no-hassle rates on their electricity service.?

"Constellation Energy is a recognized leader in the Illinois business and public sector energy market, and has been providing electric and natural gas service to thousands of the state's largest employers, schools, hospitals and municipalities for more than a decade," Hyle added. ?As a market leader in Illinois and nationwide, we're the logical choice for Illinois residential electricity shoppers who are eager to save money by lowering their current electricity rate.?

Marc Gordon, president and CEO of the Illinois Hotel & Lodging Association and the first customer to sign up for Constellation Energy's Illinois residential service, said, ?Constellation Energy is a trusted electricity provider that understands the Chicagoland market. I am thrilled Constellation will now offer residents the reliable and cost-effective service it has provided top Illinois businesses for years. This is an important choice for homeowners. It's easy to make the switch and I am very pleased to be Constellation's first residential customer in Illinois.?

Constellation Energy's Illinois residential pricing plans are limited-time offers extending through March 31, 2011. Making the switch to Constellation is easy and hassle-free:

  • No sign-up or enrollment fee;
  • Offer includes a 90-day customer satisfaction period offering penalty-free termination; and
  • There will be no interruption in a customer's electricity service.

For customers who choose Constellation Energy, ComEd will continue to bill the account, deliver electricity over the same poles and wires, and handle inquiries about service outages. By state law, customers can switch to a competitive electric supplier and it will have no impact on utility service reliability.

Constellation Energy offers a simple online sign-up process at home.constellation.com or consumers may call 1-866-577-4700. The company's direct mail offer to Illinois homeowners and renters has already begun. The direct mail offer will last through March 31, 2011. A comprehensive advertising campaign will support Constellation Energy's consumer education and outreach about its Illinois residential electric choice offer.

The Illinois Commerce Commission (ICC) is the state agency that oversees the competitive retail electric market in Illinois. Through its regulations, the ICC has granted Constellation NewEnergy, Inc. a license to operate as an alternative retail electric supplier in Illinois. Additional information about customer choice and competition in the Illinois retail electric market can be found on the Illinois Commerce Commission's website at: http://www.pluginillinois.org/ Additional information about customer choice can be found on ComEd's website (ComEd).

The Illinois residential electric choice offer is being made by Constellation NewEnergy Inc., a wholly-owned subsidiary of Constellation Energy Group, Inc. In addition to Illinois, Constellation Energy offers residential customer choice in Maryland and New Jersey.

*Constellation Energy's price does not include any taxes, utility distribution charges or other utility fees, charges or credits. Estimated savings are based on ComEd's BES residential (non-electric space heating) rate as in effect on February 15, 2011, which includes an Electricity Supply Charge of 7.6 cents and a Transmission Services Charge of 0.73 cents. ComEd also invoices its customers for Purchase Electricity Adjustment (PEA) costs in the form of monthly varying charges or credits. PEA costs have been excluded from the savings calculation. Electric space heating customers may not save. ComEd's rates are subject to change beginning June 1, 2011 and therefore we cannot guarantee savings over the full term of our price plans. For more information on our price comparison visit home.constellation.com.

About Constellation Energy

Constellation Energy (www.constellation.com) is a leading competitive supplier of power, natural gas and energy products and services for homes and businesses across the continental United States. It owns a diversified fleet of generating units, totaling approximately 12,000 megawatts of generating capacity, and is a leading advocate for clean, environmentally sustainable energy sources, such as solar power and nuclear energy. The company delivers electricity and natural gas through the Baltimore Gas and Electric Company (BGE), its regulated utility in Central Maryland. A FORTUNE 500 company headquartered in Baltimore, Constellation Energy had revenues of $14.3 billion in 2010.

Constellation Energy
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