Con­stel­la­tion ac­quires part of ConEdi­son Solutions

Baltimore Sun - - NATION - —Sarah Gantz

Con­stel­la­tion has fi­nal­ized its ac­qui­si­tion of Con­sol­i­dated Edi­son Solutions’ re­tail elec­tric­ity and nat­u­ral gas busi­ness. Through the deal, an­nounced in July, Con­stel­la­tion gains 560,000 com­mer­cial, in­dus­trial, public sec­tor and res­i­den­tial cus­tomers in 13 states 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 Con­stel­la­tion CEO Joseph Ni­gro in a state­ment. Terms of the deal were not dis­closed.

Shed­ding its re­tail elec­tric­ity and nat­u­ral gas busi­ness al­lows ConEdi­son Solutions, a sub­sidiary of New York-based Con­sol­i­dated Edi­son Inc., to fo­cus on re­new­able en­ergy, sus­tain­abil­ity ser­vices and en­ergy ef­fi­ciency.

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