About the ConEdison Solutions Retail Energy Acquisition FAQs

Updated December 2016



1. Is Constellation’s acquisition of the assets associated with the retail electricity and natural gas business of ConEdison Solutions complete?


Yes. Constellation’s acquisition of the assets associated with the retail electricity and natural gas business of ConEdison Solutions was completed effective September 1, 2016. ConEdison Solutions’ retail electricity and natural gas customers have become Constellation customers.


[Note – Gas contracts were assigned. Power contracts remain in the name of ConEdison Solutions with CNE acting as back office agent until transformation milestones and/or assignment.]



2. Are there any updates on ConEdison Solutions’ brand transition to Constellation?


Yes. Initiatives to transition from the ConEdison Solutions brand to the Constellation brand continue. Effective January 2, 2017 specific brand changes will begin to take place over the course of the year. Changes will include:


  • ConEdison Solutions phones will be answered as Constellation in late February or early March.
  • ConEdison Solutions email addresses and signatures will officially change to Constellation in late February or early March.
  • Name and logo on invoices will change by market over time in 2017
    [Please refer to timeline below in question 3.]

No changes are being made to a customer’s contract term, price, or terms and conditions of service as a result of this change.



3. What is the timeline for integrating the two organizations?


Since Constellation completed the acquisition of the assets associated with the retail electricity and natural gas business of ConEdison Solutions, we have assessed strengths and best practices of both Constellation and the retail electricity and natural gas business of ConEdison Solutions to inform potential process improvements and opportunities to streamline operations within the retail organization.


This process has taken a few months already and will continue to take several more. We transitioned gas customers in the first 30 days after close, and will transition power customers throughout 2017.


  • Former ConEdison Solutions customers will start to see a change to the name/logo on their invoice. This will align with Constellation system changes, outlined in the schedule below, according to location. Utility-billed customers will see the Constellation name/logo on those invoices on a similar timeline.
    • Due to varying meter read schedules and utility timelines for processing the change, it may take one to two billing cycles after these dates before the customer notices the change.
  • A separate notice of assignment letter will be sent in advance of the customers’ exact contract conversion date.

ISO

Date Bills and Contracts Convert to Constellation

NYISO

Residential/Aggregation Mass Market Customers, January 2017
SMB/Mass Market Customers (not Residential), June 2017
C&I Customers, June  2017

ISO-NE

Mass Market Customers, June 2017
C&I Customers, September  2017

ERCOT

October 2017

PJM

Mass Market Customers, June 2017
C&I Customers, November 2017


  • Federal tax ID, DUNS numbers and banking information will change on these dates as well. Email addresses and signatures will officially change in late February or early March.
  • Customers will continue to receive valuable, seamless service and a positive customer experience. We will keep customers and stakeholders updated on our continued integration efforts.


4. What is the strategic and financial rationale for this acquisition?


As of closing, ConEdison Solutions had longstanding customer relationships and a network of channel partners across 13 states plus the District of Columbia. ConEdison Solutions served 559,000 mass market and 2,500 C&I retail electricity and natural gas supply customers, making its retail energy organization a perfect strategic fit for Constellation that creates opportunities to reach more customers and grow the business.


  • This acquisition provided Constellation with the unique opportunity to grow the retail business and enhance our strategy of matching power generation with customer load.  
  • This transaction allowed us to leverage our scale to remain competitive in the current market environment and drive value through opportunistic, targeted growth.
  • ConEdison Solutions’ retail business had strong customer relationships, which enhances renewal opportunities.
  • The acquisition scaled our business in a competitive environment.


5. What benefits might I see from the new company in the future?


Our customers will benefit from the combined organization’s ability to offer long-term contracts, competitive prices and Constellation's broad array of energy products and services. Increased scale  is expected to bring more innovation and clean energy supply offerings to more customers.



6. Will customers and coordinators of municipal aggregation programs be impacted?


Participants in municipal aggregation programs will continue to be served under the terms of their existing agreements.



About the Companies


7. Who is Constellation?


Constellation is a leading competitive retail supplier of power, natural gas and energy products and services for homes and businesses across the continental United States. Together with ConEdison Solutions retail electricity and natural gas business, Constellation now serves approximately 2.5 million residential, public sector and business customers, including more than two-thirds of the Fortune 100. Baltimore-based Constellation is a subsidiary of Exelon Corporation (NYSE: EXC), the nation’s leading competitive energy provider, with 2015 revenues of approximately $34.5 billion, and more than 32,700 megawatts of owned capacity comprising one of the nation's cleanest and lowest-cost power generation fleets. Learn more at www.constellation.com or on Twitter at @ConstellationEG.



8. Will you operate as Constellation or Exelon?


Constellation is the name used in the market, and will be responsible for selling and delivering electricity, natural gas and renewable energy supply, solar projects, and energy efficiency solutions.  



9. Where is Constellation’s headquarters located?


Constellation’s headquarters will remain in Baltimore, Maryland. At this time, we will continue to operate the current ConEdison Solutions’ retail energy office in Valhalla New York.



10. How does Constellation feel about competitive energy markets?


Constellation is a strong supporter of competitive energy markets and advocates for sensible Federal and state energy policy that allows for more choice and innovation for retail and wholesale energy customers.



About My Bill, Contract, or Customer Service


11. Will I still be a customer? Will my rates, contract terms, or account information change?


Until the integration is complete in your market, you will remain a customer of ConEdison Solutions. If you have received your invoice from and made payments to ConEdison Solutions in the past, you will continue to do so. If you have been billed by and made payments to your utility that will not change.


No changes are being made to a customer’s contract term, price, or terms and conditions of service as a result of this change.


[For more information, refer back to the answer to question #3]



12. Who is going to be billing me?


Your billing will not change due to the acquisition. If you are a ConEdison Solutions customer, you will continue to be billed as you have been until you receive further notice. As our integration progresses, ConEdison Solutions customers who are direct billed will begin to receive branded invoices from Constellation [per the schedule outlined in the answer to question #3].  



13. Can I now change my rate or terms or cancel my ConEdison Solutions contract?


No. Current contracts are still legally binding. If you would like to discuss additional options, please contact your existing sales representative or Customer Care. 


  • Your current contract will not be affected in any way. Your contract terms remain exactly the same. You do not need to take any action.
  • All of the same Terms of Service from your original contract with ConEdison Solutions still apply. [Note – You will still be charged an Early Termination Fee, if applicable, for cancelling a fixed rate plan by switching providers before your contract end date.]
  • If you are currently on a fixed rate, your rate will continue to be determined by the contract you signed with ConEdison Solutions. This transaction does not cause an increase in your rates. 
  • Variable rate plan customers will continue to have prices that may fluctuate from month to month.


14. Who do I contact if I have a question?


If you are a Commercial or Small Business customer, please continue to contact your Account Manager or ConEdison Solutions customer care.


If you are a Residential customer, please contact customer care.



15. Do I still go to the same website?


Yes. Customers who use a ConEdison Solutions portal to access online account information can continue to do so at https://e-solutions.conedsolutions.com until systems integration is complete and the two websites are completely combined.

© 2017 ConEdison Solutions
ConEdison Inc. Company