City of Palmdale, Constellation and PsomasFMG Dedicate 976-Kilowatt Solar Generation Project

PALMDALE, Calif.--(BUSINESS WIRE)--

The city of Palmdale today announced the completion of an aggregate 976-kilowatt DC solar generation project. Located at Palmdale's Civic Center, DryTown Water Park and Marie Kerr Park, the system is designed to generate more than 1,580 megawatt-hours of electricity per year and meet nearly 70 percent of the electricity needs for the three sites.

In honor of the solar project's completion, a celebration and ribbon cutting were held today at Marie Kerr Park. Representatives from the city of Palmdale, Constellation and PsomasFMG attended the event.

“This project is another example of Palmdale's commitment to providing clean energy while saving money for our taxpayers,” said Palmdale Mayor Jim Ledford. “It is a perfect complement to what we are currently doing in the areas of energy conservation, and will help us meet our state mandated greenhouse gas reduction goals.”

The solar project required no upfront capital from the city. Solar firm PsomasFMG worked with the city to develop the project. Energy products and services company Constellation financed the project's development and will own and operate the system. Palmdale will purchase the electricity generated by the system at a fixed-rate through a 20-year power purchase agreement with Constellation.

Brendon Quinlivan, director, solar sales for Constellation, said, “Constellation is pleased to work with the PsomasFMG team in helping the city of Palmdale meet its environmental goals and manage its energy costs.”

“We are proud to be partnered with the city of Palmdale for taking a leadership position amongst Southern California cities,” said Paul Mikos, president of PsomasFMG. “Shaded parking, cleaner air and energy savings are some of the benefits that the city leadership is bringing to the citizens of Palmdale.”

The solar power arrays are comprised of approximately 3,200 photovoltaic panels located on shade structures, which were designed to blend with the look and feel of the city's surroundings. The system will help the city of Palmdale meet state mandates for renewable power generation and greenhouse gas reduction and is expected to eliminate 1,201 tons of carbon dioxide annually according to U.S. Environmental Protection Agency data for the region.

California schools and municipalities interested in on-site solar through a power purchase agreement with Constellation may contact PsomasFMG at pmikos@psomasfmg.com or (714)465-4904.

About the City of Palmdale

The birthplace of the Space Shuttle and B2 Stealth Bomber, the City of Palmdale has enjoyed tremendous growth and prosperity over the last two decades. Our more than 153,000 residents enjoy a comfortable hometown feel with a strong family orientation, excellent education system and abundant recreational opportunities in a safe environment. As the premier shopping destination in the High Desert, Palmdale attracts the best of both retail and manufacturing companies, and is poised to become a major Southern California transportation hub with plans for two high speed rail systems, Metrolink, two freeways and an airport all converging in Palmdale.

About Constellation

The Constellation family of retail electricity and natural gas suppliers (www.constellation.com), are subsidiaries of Exelon Corp., and are leading competitive retail suppliers of power, natural gas and energy products and services for homes and businesses across the continental United States. Constellation's retail businesses serve more than 100,000 business and public sector customers, including more than two-thirds of the Fortune 100, and nearly 1 million residential customers.

Exelon Corporation EXC is the nation's leading competitive energy provider, with 2013 revenues of approximately $24.9 billion. Headquartered in Chicago, Exelon does business in 48 states, the District of Columbia and Canada. Exelon is one of the largest competitive U.S. power generators, with more than 35,000 megawatts of owned capacity comprising one of the nation's cleanest and lowest-cost power generation fleets. The company's Constellation business unit provides energy products and services to more than 100,000 business and public sector customers and nearly 1 million residential customers. Exelon's utilities deliver electricity and natural gas to more than 7.8 million customers in central Maryland (BGE), northern Illinois (ComEd) and southeastern Pennsylvania (PECO). Follow Exelon on Twitter @Exelon.

About PsomasFMG

Based in Huntington Beach, CA, PsomasFMG provides turnkey solar solutions to its clients by utilizing a combination of engineering expertise, private investor funding, utilizing federal and state subsidies. In 2010, PsomasFMG completed the largest operational school solar system in Southern California, a 9.6 MW project across 10 schools in the Antelope Valley Union High School District. Utilizing Power Purchase Agreements and requiring no capital outlay from its host clients, PsomasFMG has also completed over 26 MWs of solar projects for offtakers such as County of Orange and several multi-campus school districts in Los Angeles County such as William S. Hart School District, Wilsona School District, Palmdale School District, and Hughes-Elizabeth Lake School District. PsomasFMG has developed several other solar projects currently under various stages of design and construction for the City of Palmdale, Castaic Union School District, Keppel Union School District, Chaffey Joint Union High School District, a 4.4 MW project with the City of Lancaster under a PPA with Southern California Edison and a design-build project for the Redondo Beach Unified School District. PsomasFMG is dedicated to bringing value to California school and communities. For more information contact Paul Mikos at (714)465-4904, or visit www.PsomasFMG.com.