Are there a lot of Constellation customers?
Constellation supplies electricity to about 2.5 million homes, public organizations, and businesses. Two-thirds of Fortune 100 companies buy their energy from Constellation.
How old is Constellation ?
Constellation NewEnergy, Inc -- typically called Constellation in marketing materials -- was founded in 1999 in Baltimore, Maryland. Though today Constellation operates in deregulated energy markets, it was birthed by regulated utility Baltimore Gas and Electric Company (BGE). Constellation was set up as BGE's holding company.
Does Constellation have a parent company?
Chicago-based energy conglomerate Exelon purchased Constellation in 2012. Exelon announced the intended merger in an April 2011 press release. The soon-to-be parent company championed the merger as an opportunity to combine “Exelon's large, environmentally-advantaged generation fleet and Constellation's industry-leading customer-facing businesses, creating a platform for growth and delivering stakeholder benefits.”At the time, the two companies had a combined value of $52 million. True to Exelon's word in 2011, Constellation remains headquartered in Baltimore.
Where does Constellation have service?
Constellation offers residential service in 17 states and the District of Columbia. The company provides both electricity and natural gas in Illinois, Massachusetts, Maryland, New Jersey, New York, Ohio, Pennsylvania, and the District of Columbia. Constellation offers electricity but not natural gas in Connecticut, Delaware and Texas. It sells natural gas but not electricity in Georgia, Indiana, Kentucky, Michigan, Nebraska, Virginia, and Wyoming.
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