Constellation announced an agreement with CNG Fuel, Inc. to acquire seven compressed natural gas (CNG) fueling stations in Indiana and Ohio. Constellation will own and operate the stations as public/private-access fueling sites for regional and interstate transportation fleets.

The purchase leverages the company’s scale and core expertise as a leading natural gas supplier and marks Constellation’s expansion into the CNG market, supporting the continued growth of its distributed energy business, Constellation said.

“Our customers and business partners see CNG and electric vehicle charging as key opportunities to address their long-term sustainability and cost management objectives,” said Gary Fromer, senior vice president of Distributed Energy for Constellation. “The addition of CNG to Constellation’s retail offerings will help our customers accelerate fleet conversions while allowing Constellation to address their CNG infrastructure and gas supply management requirements.”

Constellation said that, through its distributed energy business, it is working with a number of its customers to develop, build, own and operate CNG fueling stations in locations to serve customer-owned and third-party contracted fleets.

There are an estimated 150,000 natural gas vehicles on the road today and that number is expected to grow, Constellation said

One of the 10 largest natural gas marketers in the United States, Constellation delivers more than 2 trillion cubic feet of gas annually to homes, businesses, regulated utilities and municipal co-ops. In 2014, Constellation deepened its retail natural gas supply footprint in Indiana and Ohio through the acquisitions of ETC ProLiance Energy and Integrys Energy Services.

Constellation’s six CNG fueling stations are located in Indianapolis, Lafayette, Greensburg and Seymour, Ind., and Dayton and Findlay, Ohio, with an additional fueling station currently under development in Fort Wayne, Ind.

The acquisition was in cash and is financially immaterial to Constellation and Exelon’s business, Constellation said.

Tags:
Constellation   Exelon   CNG  

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