Constellation Power Source to Provide Unitil/FG&E with Wholesale Standard Offer Service.FITCHBURG, Mass.--(BUSINESS WIRE)--Nov. 2, 1998--Unitil/Fitchburg Gas and Electric Light Company (FG&E) has contracted with Constellation Power Source Inc., of Baltimore, MD, to provide wholesale Standard Offer Service (SOS SOS, code letters of the international distress signal. The signal is expressed in International Morse code as … — — — … (three dots, three dashes, three dots). ) to its customers. This is part of FG&E's continuing work to fulfill the requirements of Massachusetts' electric restructuring legislation. SOS is a full-requirement electric energy service provided to FG&E customers who have yet to choose a competitive energy supplier. Service under the contract is expected to commence January 1, 1999, contingent upon approval by the Massachusetts Department of Telecommuncations and Energy. "This contract is great news for Unitil/FG&E customers and the restructuring process here in Massachusetts," said Unitil Chief Executive Officer Robert G. Schoenberger. "This is the first time a third party supplier has contracted to provide SOS under a process that was not tied to a purchase and sale of generation assets. This result is a positive step toward a vibrant and competitive energy marketplace in Massachusetts." Constellation Power Source (CPS), a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Baltimore Gas and Electric Company (BGE BGE Baltimore Gas and Electric BGE Big Green Egg (grill) BGE Beyond Good and Evil (Nietzsche) BGE Busch Gardens Europe BGE Branch If Greater or Equal BGE Bacterial Growth Efficiency :NYSE NYSE See: New York Stock Exchange ), was formed in February 1997. CPS has since made significant capital investments in risk management systems and technologies. These innovations enable CPS to provide reliable, cost-effective customized products such as the standard offer service to retail electricity suppliers throughout the nation. Other BGE subsidiaries include Constellation Power, Constellation Energy Source, Constellation Operating Services, and Constellation Energy Solutions. Unitil (AMEX AMEX See: American Stock Exchange :UTL UTL Utility UTL Universidade Técnica de Lisboa (Portugal) UTL University of Toronto Libraries (Canada) UTL Unable To Locate UTL Universal Task List UTL Upper Tolerance Limit UTL Unit Transmittal Letter ) is a public utility holding company system based in New Hampshire New Hampshire, one of the New England states of the NE United States. It is bordered by Massachusetts (S), Vermont, with the Connecticut R. forming the boundary (W), the Canadian province of Quebec (NW), and Maine and a short strip of the Atlantic Ocean (E). , whose subsidiary Fitchburg Gas and Electric Light Company provides electric and gas service in Massachusetts. Unitil's other utility subsidiaries include Concord Electric Company and Exeter & Hampton Electric Company, which provide electric service in New Hampshire. Other subsidiaries include Unitil Resources Inc., Unitil Power Corp., Unitil Realty Corp. and Unitil Service Corp. |
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