De Pere, WI-based Integrys Energy Services, an unit of Exelon Corporation EXC subsidiary Constellation Energy Services, has won a fixed-price with economic-price-adjustment contract worth $11.2 million from U.S. Defense Logistics Agency Energy, Fort Belvoir, VA for direct supply of natural gas. It is a two-year contract with a completion date of Sep 30, 2017.
Per the agreement, contract work will be performed at Wisconsin, Illinois, Michigan and Ohio. The supplied natural gas will be used by military services including the Navy, Marine Corps and federal civilian agencies.
In February this year, Constellation Energy won a $45 million contract from the Federal Bureau of Prisons to implement water and energy conservation measures, and install a 2-megawatt (DC) solar generation project at the Federal Correctional Complex in Coleman, FL (FCC Coleman). The project is expected to be complete in 2017.
Exelon continues to invest in renewables and natural gas infrastructure. In 2014, the company added 215 MW of clean generation assets to its portfolio.
In January this year, Exelon Generation’s Fourmile Wind Energy Project became fully operational. This project, located in Maryland, consists of 16 turbines capable of generating 40 MW of clean energy. Currently, construction of the second wind project in Maryland, Fair Wind Energy Project, is under way.
Currently, Exelon carries a Zacks Rank #4 (Sell). Some better-ranked stocks in the industry include Enersis S.A. ENI, RWE AG RWEOY and Consolidated Edison, Inc. ED. Enersis and RWE sport a Zacks Rank #1 (Strong Buy), while Consolidated Edison has a Zacks Rank #2 (Buy).
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