Constellation Energy Announces Purchase of ONEOK Energy Marketing Company for $22.5M

Constellation Energy (NYSE: CEG), a leading competitive energy provider, today announced it has closed the acquisition of ONEOK Energy Marketing Company, a Tulsa, Okla., retail natural gas marketing company with approximately 26,000 customers.

The purchase of OEMC, a subsidiary of ONEOK, Inc. (NYSE: OKE), for $22.5 million, plus working capital, was announced on Dec. 1, 2011. The acquisition expands Constellation Energy's business and residential customer base in seven states: Kansas, Oklahoma, Missouri, Texas, Nebraska, Wyoming and Illinois. The addition of Wyoming expands Constellation's customer footprint to 46 states.