BALTIMORE--(BUSINESS WIRE)-- Constellation Energy (NYSE: CEG) today announced that the Association of Independent Colleges and Universities (AICUP) has extended its current contract with Constellation through Dec. 31, 2018.
The agreement represents a five-year extension of Constellation’s existing contracts to serve as an electricity supplier to the approximately 87 educational institutions.
“These agreements give AICUP members the opportunity to lock in a cost-effective, reliable power supply over the long term, which will help them manage power costs more effectively,” said Brian S. Weatherford, Constellation Energy’s vice president, Mid-Atlantic Region. “Our broad portfolio of energy products and services – including efficiency solutions and the option to purchase energy from renewable sources –is a vital component of our competitive advantage, allowing us to customize power supply contracts and help customers meet both their economic and environmental goals.”
Constellation Energy is the trusted energy supplier to major private and public sector customers, including two-thirds of the Fortune 100 companies. Constellation was recently awarded a new federal contract to continue to provide electricity and renewable energy supply to more than 146 federal and institutional accounts in Washington, D.C., including the U .S. Capitol.
About The Association of Independent Colleges and Universities
The Association of Independent Colleges and Universities of Pennsylvania (AICUP), the only statewide organization that serves exclusively the interests of private higher education within the Commonwealth, exists to complement and support the work of campus leaders. AICUP was established in October 1995 through the affiliation of three existing educational organizations. The Association of Independent Colleges and Universities of Pennsylvania (AICUP) serves, promotes, and enhances private higher education in Pennsylvania.
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.