Exelon Corporation : Davis Junction, Illinois, Chooses Constellation to Supply Low-Cost Electricity to Residents
07/11/2012| 09:10am US/Eastern
Local officials estimate residents can save $300 annually on
Davis Junction, Ill., has chosen Constellation, a business unit of
Exelon Corp. and a longtime competitive
energy provider in Illinois, to supply residents with low-cost
electricity following a competitive bidding process under the state's
electricity choice aggregation program.
"Constellation is proud to offer residents in Davis Junction, Illinois,
fixed-price certainty and the hassle-free low rates we offer all
customers," said Bruce Stewart, chief marketing officer for
Constellation. "As a national energy leader with deep roots serving
Illinois businesses, we look forward to continuing to invest in Illinois
communities by offering a range of competitive market benefits to
residents and small businesses."
The village board voted unanimously on May 25 to purchase electricity
from Constellation, an Alternative Retail Electric Supplier.
Village officials indicate the 24-month term at a rate of $0.04945 per
kilowatt hour is approximately 30 percent lower than Commonwealth
Edison's current BES residential (non-electric space heating) rate of
$0.07034 kWh, representing estimated savings of $300 for a typical
single family home using 10,000 kWh on an annual basis, and $600 during
the entire term of the contract.*
Electric service under the newly negotiated rates is scheduled to begin
as early as August 2012.
Constellation will work with village officials to notify all eligible
customers of the electric supply rate, terms and conditions and their
right to opt-out of the program. Residential and small commercial retail
customers will have the right to opt-out of the aggregation program
without penalty and remain with ComEd-purchased electricity. Customers
who do not 'opt-out' can also leave the program at any time within the
24-month term without penalty.
To learn more about the electricity aggregation program, Davis Junction
residents can contact Rock River Energy Services, the village's energy
consultant, at 815-732-4603 or Village Hall at 815-645-8000.
*Estimated savings are based on Commonwealth Edison's Price to
Compare (PTC) for BES residential (non-electric space heating) rate of
7.034 cents per kWh in effect June 1, 2012 - Sept. 30, 2012, which
includes an Electricity Supply Charge of 6.214 cents and a Transmission
Services Charge of 0.820 cents.
Exelon Corporation (NYSE:EXC) is the nation's leading competitive energy
provider, with approximately $33 billion in annual revenues.
Headquartered in Chicago, Exelon has operations and business activities
in 47 states, the District of Columbia and Canada. Exelon is the largest
competitive U.S. power generator, with approximately 35,000 megawatts of
owned capacity comprising one of the nation's cleanest and lowest-cost
power generation fleets. The company's Constellation business unit
provides energy products and services to approximately 100,000 business
and public sector customers and approximately 1 million residential
customers. Exelon's utilities deliver electricity and natural gas to
more than 6.6 million customers in central Maryland (BGE), northern
Illinois (ComEd) and southeastern Pennsylvania (PECO). Learn more at: www.exeloncorp.com.
Lawrence McDonnell, 410-470-9700
© Business Wire 2012