BALTIMORE, March 13, 2003 — Constellation Energy Group announced that it will acquire certain competitive energy supply contracts of commercial and industrial customers of Nicor Energy L.L.C. in Michigan, Illinois, and Indiana.
Constellation Energy affiliates will serve electricity to customers in Michigan and Illinois, and natural gas to customers in Michigan and Indiana. Components of the transaction have been finalized, while closing will occur in stages by April 1. Terms of the agreement were not disclosed.
“We are enthusiastic about the opportunity to expand Constellation’s presence in the Midwest, and look forward to providing customers with quality service,” said Thomas Brady, Constellation Energy Group Senior Vice President, Corporate Strategy and Development.
About Constellation Energy Group:
A Fortune 500 company based in Baltimore, Constellation Energy Group owns energy-related businesses, including a merchant power business that serves electrical load for wholesale and commercial and industrial customers in North America, and the Baltimore Gas and Electric Company (BGE), a regulated energy delivery company which serves more than 1.1 million electric customers and more than 600,000 natural gas customers in central Maryland. At year-end 2002, Constellation Energy Group reported revenues of $4.7 billion and assets of $14.1 billion.
About Nicor Energy:
Nicor Energy L.L.C. is a joint venture between Nicor Inc. and Dynegy Inc. that offers natural gas, electricity and energy-related services to industrial, commercial and residential customers in the Midwest.