Constellation Announces Power Supply Agreement with City of Chicago

Constellation today announced a unique power supply agreement with the City of Chicago that will be sourced entirely from non-coal generation facilities. New rates secured under the 25-month agreement will deliver a 2 percent discount from the City's last electricity contract, despite escalating regional transmission and other tariff costs, amounting to a reduction in City electricity costs of $1.2 million over two years. In addition to capturing historically low market prices, the agreement ensures Chicago's power supply will be sourced by Constellation from non-coal fueled assets. By eliminating coal and transitioning to cleaner energy produced by nuclear and natural gas generation facilities based in Illinois, the City will reduce