Constellation Completes Acquisition ConEdison Solutions' Retail Supply Business

Constellation announced that it has completed its acquisition of the retail electricity and natural gas business of ConEdison Solutions

Constellation now serves more than 2.5 million residential and business customers across the continental United States.

Click here for the purchase price under the transaction

In the purchase, Constellation acquired ConEdison Solutions’ retail electricity and natural gas customer contracts and associated supply contracts serving approximately 15 TWh of electricity and 1 Bcf of natural gas to more than 560,000 commercial, industrial, public sector and residential customers across 12 Northeastern, mid-Atlantic, and Midwestern states, Texas, and the District of Columbia.

"This purchase aligns with our generation-to-load matching strategy and provides the opportunity for additional growth in strategically attractive markets," said Joseph Nigro, CEO of Constellation.

ConEdison Solutions’ retail electricity and natural gas business will operate under the Constellation brand after a post-closing transition period that will be complete in 2017. All existing customer contracts will be honored.