Constellation NewEnergy, Inc. · Baltimore, MD United States
Company Description
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This link will open in a new window Constellation NewEnergy is a star player in the new energy arena of deregulation. The company is a competitive retail supplier that provides energy and related services to more than 19,000 large commercial and industrial customers. Constellation NewEnergy, a subsidiary of Constellation Energy Group , markets electricity and natural gas in 31 US states. It also supplies energy to customers in three Canadian provinces. The company delivers more than 13,000 MW of peak load electricity and 354 billion cu. ft. of annual natural gas consumption. Constellation NewEnergy serves numerous FORTUNE 500 companies, including Staples , 3M , and Kimberly-Clark . To read the full description, subscribe now.
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Key Constellation NewEnergy, Inc. Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Employees | 280 |
Constellation NewEnergy, Inc. Executives
3 executives listed for Constellation NewEnergy, Inc.'s Baltimore, MD location.
| Title | Name & Bio | Contact |
| President and CEO | Michael Kagan | Network |
| SVP, Energy Technology Services | Peter Kelly-Detwiler | Network |
| President and CEO, Constellation NewEnergy Gas Division | Andrew Fellon | Network |
Competition
Competitive Landscape for Constellation NewEnergy, Inc.
Demand for electricity is driven by industrial and commercial activity and by population growth. The profitability of individual companies depends on the efficiency of their operations. Large companies have economies of scale in purchasing power; small companies can compete effectively by specializing in geographic regions. The industry is capital-intensive: average annual revenue per worker is about $2 million. The traditional electricity industry consisted of investor-owned utilities, municipal utilities, cooperatives, and government entities that owned the generation, transmission, and retail distribution facilities within a limited area and served all customers within that area as tightly regulated "natural monopolies." Though "natural monopolies" still exist, the electric energy industry in the US underwent a restructuring driven by changes in federal and state laws in the 1990s. In restructured, or deregulated, markets, generation, transmission, and distribution operations are carried out by separate companies, and the owners of local distribution lines make their lines available to competitors. The intended purpose of moving toward a less regulated electricity market was to decrease the cost of electricity by fostering competition among producers. One practical effect was the divestment of generation facilities by many investor-owned utilities. Despite the popularity of restructuring activities initially, as of mid-2009 only 14 states had deregulated their electricity industries. Several other states, including California, launched restructuring initiatives before suspending them, in part because of concerns that restructuring caused electricity rates to rise. Many local electricity distributors are still owned by utility holding companies that also own power generation facilities, wholesale transmission lines, and wholesale power trading companies. To read the full description, subscribe now.Top Constellation NewEnergy, Inc. Competitors
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