Constellation Energy to acquire demand response provider

CPower provides 850 megawatts of capacity

September 17, 2010|By Hanah Cho, The Baltimore Sun

Constellation Energy Group has agreed to buy CPower, an energy management and demand response provider, the Baltimore company announced Friday.

The deal, whose terms were not disclosed, adds about 850 megawatts of demand response capacity to Constellation's portfolio, bringing the total to 1,500 megawatts.

The New York-based, privately-held CPower designs and manages programs for commercial, utility and public sector clients to reduce electricity demand during peak times.

In a separate news, Constellation said it is taking applications for a new student grant program that will award money for projects that "enhance student understanding of the science the technology needed to address energy issues."

The E2:Energy to Educate Grant program will award up to $25,000 for projects involving sixth- through 12th-grade and up to $50,000 for projects at two- and four-year colleges.

Find more information at the community outreach section of http://www.constellation.com.

hanah.cho@baltsun.com

COURT REJECTS DEAL MAKING STEEL MILL FUND ELECTRIC RATE RELIEF

In a rebuke to the Public Service Commission and a win for the Severstal Sparrows Point steel mill, the Court of Special Appeals on Friday rejected a 2008 surcharge levied on Sparrows and other commercial customers to keep BGE electricity rates affordable for some small businesses.

Thanks to soaring energy prices and a change in the way customers were classified, some businesses were set to see their electric bills shoot up by 40 percent in the summer of 2008. To provide relief, the PSC capped the increase at 15 percent for the affected businesses and spread the difference among all non-residential BGE customers.

Severstal and others sued, arguing that the commission didn't have the authority to shift costs in such a way. The policy increased electric bills for the mill by about $400,000 that summer, according to the court's decision. The appeals court reversed a lower court decision upholding the PSC's move.

The decision sets the stage for a possible PSC appeal to the Court of Appeals, Maryland's high court, or a move by the commission to raise others' rates to pay back Severstal and the other plaintiffs. In all about $7 million is at stake. PSC Chairman Doug Nazarian said the commission was studying the ruling.

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