Constellation to Supply U.S. Dept of State Under PPA

Constellation Energy has signed a 20-year power purchase agreement with the federal government, which will provide an estimated 120,000 MWh of energy annually to the State Department and other federal government facilities

The contract, or Energy Savings Agreement, is to encourage the development of new renewable energy facilities, and Constellation Energy said that it plans to construct a $50 million solar project on a 40-acre site in New Jersey by mid-2012 to support the contract.

Additionally, Constellation Energy has committed to purchase power produced by a wind facility that will be developed in Pennsylvania under a long-term power purchase agreement.

Constellation Energy will also supply the State Department with Green-e Energy certified renewable energy certificates sourced from renewable energy facilities located within the United States pursuant to the Energy Savings Agreement.

Constellation Energy serves more than 150 federal agency and institutional customer accounts with electricity and natural gas supply, including more than 375,000 renewable energy credits, approximately 1.7 decatherms of natural gas and approximately 6.9 million MWh of electricity.