BALTIMORE & ATHENS, Ohio
Constellation
and Ohio
University today announced a guaranteed energy performance contract
(EPC) for more than $38 million in water and energy cost savings over a
15-year period.
Constellation was selected by competitive bid to provide energy
efficiency and water conservation measures for 72 buildings at Ohio
University’s main campus in Athens, Ohio. Under the terms of the EPC
with Constellation, the upgrades require no upfront capital from the
university. Ohio University will use the guaranteed energy and
operational savings from the conservation measures to fund the
approximately $28 million project through low interest bonds from the
Ohio Air Quality Development Authority.
“We are excited to work with Constellation on this endeavor,” said Ohio
University’s Vice President for Finance and Administration Steve
Golding. “This relationship will not only provide significant cost
savings for the University, but will also move us closer to achieving
the long-term goals outlined in our sustainability and climate action
plans.”
By implementing water and energy conservation measures, Ohio University
expects to conserve an estimated 9 million gallons of water and avoid
the creation of 50,145 metric tons of carbon dioxide annually over the
next 15 years.
“This project is a great example of the value of energy conservation and
energy performance contracting for our public sector customers,” said
Michael D. Smith, vice president of solar and energy efficiency sales
for Constellation. “We look forward to working with Ohio University to
help maximize energy savings and meet its environmental goals.”
The conservation measures installed by Constellation include:
campus-wide interior lighting retrofits; air system and tower condition
improvements; HVAC Direct Digital Controls expansion, upgrade and
integration; variable-frequency drive installation on up to four dozen
fan motors; kitchen hood improvements; pipe and blanket insulation;
retro-commissioning of various building equipment and water conservation
measures.
Work is scheduled for completion by summer of 2014.
A NAESCO-accredited Energy Services Provider, Constellation has assisted commercial
customers and public agencies throughout the U.S. to implement
energy performance contracting programs. Customers interested in energy
efficiency and environmental
solutions may contact Constellation at 1-800-4ENERGY or cepsinfo@constellation.com.
Constellation (www.constellation.com),
a business unit of Exelon Corp., is a leading competitive retail
supplier of power, natural gas and energy products and services for
homes and businesses across the continental United
States. Constellation’s retail business serves more than 100,000
business and public sector customers, including more than two-thirds of
the Fortune 100, and nearly one million residential customers.
Exelon Corporation (NYSE:EXC) is the nation’s leading competitive energy
provider, with approximately $33 billion in annual revenues.
Headquartered in Chicago, Exelon has operations and business activities
in 47 states, the District of Columbia and Canada. Exelon is the largest
competitive U.S. power generator, with approximately 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 approximately 100,000 business
and public sector customers and approximately 1 million residential
customers. Exelon’s utilities deliver electricity and natural gas to
more than 6.6 million customers in central Maryland (BGE), northern
Illinois (ComEd) and southeastern Pennsylvania (PECO). Learn more at: www.exeloncorp.com.
Constellation
Kelly Biemer, 410-470-9700
Kelly.Biemer@constellation.com
or
Ohio
University
Katie Quaranta, 740-593-0858
Quaranta@ohio.edu