Constellation Energy Awards EcoStar Grants to Community Stewards
New Program Awards 62 Grants Totaling $300,000 to Fund Community Environmental Projects
BALTIMORE, Apr 23, 2010 (BUSINESS WIRE) -- Constellation Energy (NYSE: CEG) today announced that it has awarded 62 EcoStar Grants totaling $300,000 to nonprofit organizations engaged in environmental stewardship projects in states where Constellation Energy does business. The grants of up to $5,000 each will fund community-based projects that support Constellation Energy's long-standing commitment to protecting the environment. Funding was provided by the Constellation Energy Foundation, which launched its newly created EcoStar Grant program in January.
EcoStar Grants were awarded to projects that fit into one or more of five stewardship categories: pollution prevention, education and outreach, energy efficiency, conservation and community activism. The awards went to recipients in 14 states and will support a variety of initiatives, ranging from urban gardens and wetland restoration projects to innovative programs promoting energy efficiency and improved air quality, among many others.
"As we celebrate Earth Day this week, the EcoStar Grant program serves as a powerful reminder of our responsibility to invest in organizations making a difference in our communities and to encourage continued environmental leadership and involvement from our employees," said Paul J. Allen, senior vice president of corporate affairs for Constellation Energy. "A successful commitment to environmental stewardship must start at the grassroots, community level. That's why the EcoStar Grant program is an essential component of Constellation Energy's broader strategy to make the environment cleaner by advocating for policies promoting our transformation to a low-carbon economy and investing in clean energy sources, expanded conservation programs and a smarter, more efficient electric grid."
In 2009, Constellation Energy announced that it intends to join the ranks of companies that give one percent or more of their annual operating income to support charitable organizations and causes. The EcoStar Grant program is one of a range of initiatives, donations and grants targeting the company's key areas of focus - energy, education, economic growth, the environment and employee involvement.
To qualify for an EcoStar Grant, a project had to be located in an area where Constellation Energy does business. Applicants also were required to have a board of directors and be designated a 501(c)3 nonprofit organization.
A complete list of the 62 organizations that received grants and a brief description of each project can be found in the Community Outreach section at www.constellation.com.
About Constellation Energy
Constellation Energy (www.constellation.com) is a leading supplier of energy products and services to wholesale and retail electric and natural gas customers. It owns a diversified fleet of generating units located in the United States and Canada, totaling approximately 7,100 megawatts of generating capacity, and is among the leaders pursuing the development of new nuclear plants in the United States. The company delivers electricity and natural gas through the Baltimore Gas and Electric Company (BGE), its regulated utility in Central Maryland. A FORTUNE 500 company headquartered in Baltimore, Constellation Energy had revenues of $15.6 billion in 2009.
SOURCE: Constellation Energy
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