Exelon Agrees to Natural Gas Supply Contract with Trumbull County

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Ohio law allows the citizens of a political subdivision (i.e. town, city, or county) to unite and purchase their natural gas and electricy as a single group.  This practice, which is called Governmental Aggregation and regulated by the Public Utilities Commission of Ohio (PUCO), provides an opportunity to solicit the lowest price for the group’s natural gas and electricity requirements.
After receiving certification from PUCO, Trumbull County, Ohio entered into an agreement with Constellation Energy Resources, LLC, an Exelon Corporation company for the supply of natural gas to residential and small business clients at a discounted rate.  Per the agreement, such residential and small business customers, who are participating in the Trumbull County natural gas program, will pay a fixed rate of $4.46 per thousand cubic feet (“Mcf”) for all natural gas supply consumption from March 2013 to October 2013, a price which is almost 190% lower than market price in October 2012.  After this 8-month period, the price for the natural gas will be determined based on Trumbull County’s choice to secure a new fixed-price rate for the service period from October 2013 to February 2015.