Market Overview

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

See full press release

Posted-In: News Guidance Offerings Contracts Buybacks Management Global

 

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