Constellation Energy will not sell 550 MW Quail Run Plant in Texas

With the termination of the sale agreement, Constellation Energy will retain ownership of the plant, which provides power to the west zone of ERCOT

Baltimore, June 7, 2011 — Constellation Energy terminated an agreement to sell the 550-MW Quail Run natural gas plant in West Texas to High Plains Diversified Energy Corp. The agreement was first announced in December.

With the termination of the sale agreement, Constellation Energy will retain ownership of the plant, which provides power to the west zone of the Electricity Reliability Council of Texas.

In addition to being a modern, efficient, well-managed asset, Quail Run will provide energy to support customers in Texas, including those served by StarTex Power, a Houston retail electricity provider recently acquired by Constellation Energy.

Constellation Energy is a competitive supplier of power, natural gas and energy products and services for homes and businesses across the continental U.S.

It owns a diversified fleet of generating units, totaling about 12,000 MW of generating capacity, and is a leading advocate for clean, environmentally sustainable energy sources, such as solar power and nuclear energy.

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