Leading U.S. Retail Energy Supplier Constellation Joins REAL

February 23, 2023

Leading U.S. Retail Energy Supplier Constellation Joins REAL

Constellation (Nasdaq: CEG), the nation’s largest producer of carbon-free energy and a leading competitive retail supplier, has joined the Retail Energy Advancement League (REAL), a national advocacy organization dedicated to modernizing retail energy markets and expanding consumer choice.

“We’re thrilled to have Constellation join REAL as our newest board member,” REAL President and CEO Chris Ercoli said. “Constellation is already providing innovative products and services to transform our energy future. But with some states still refusing to embrace full competition, the opportunities to drive even more innovation and support clean energy investments are limited. We look forward to working with Constellation to promote healthy retail energy markets. Retail choice gives consumers agency over their individual energy needs — and we believe empowered consumers will drive our country’s transition to a clean energy economy.”

Headquartered in Baltimore, Constellation serves approximately 2 million residential, public sector and business customers, including three-fourths of the Fortune 100 companies. The company is helping to accelerate the nation’s transition to clean energy with more than 32,400 megawatts of capacity and annual output that is 90 percent carbon-free.

Constellation Senior Vice President of Retail, Dan Verbanac, will represent the company on the REAL Board of Directors. Verbanac oversees Constellation’s sales of electricity to more than 100,000 commercial, industrial and public sector customers. He also co-leads the Retail Systems Transformation efforts related to the acquisition of Integrys Energy Services.

“The race is on to confront climate change,” Verbanac said. “As a leader in clean energy production, all of us at Constellation are ready to meet that challenge head-on — and we have already made significant progress in this effort. By joining REAL, we look forward to promoting the expansion of retail energy markets that will help us enhance consumer choice and empower residents to have a say in the clean energy solutions of tomorrow, giving them the renewable and sustainable options they want.”

In addition to Verbanac, REAL’s Board of Directors includes Mauricio Gutierrez, President and CEO, NRG; Scott Hudson, President, Vistra Retail; Tom Matzzie, President and CEO, CleanChoice Energy; Scott White, President and CEO, IGS Energy; Jim Wood, President and CEO, Calpine Energy Solutions; Glenn Wright, President and CEO, Shell New Energies US, LLC; and Michael Stein, President and CEO, Genie Retail Energy.

To learn more about REAL, visit www.retailenergychoice.org.

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