Constellation Energy Books Services Deal With Toyota

FOXBusiness

Constellation Energy (NYSE:CEG) will provide natural gas services and energy market analysis to Toyota Motor (NYSE:TM) facilities in the U.S., Canada and Mexico.

Effective April 1, Constellation will offer risk management services to 14 Toyota facilities and gas supply to nine sites in North America.

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“Our umbrella of services gives customers such as Toyota a strategic advantage in managing costs, reducing price volatility and establishing a high level of energy price predictability,” said Mark Huston, managing director of retail energy for Constellation Energy.

No financial details were disclosed, but Constellation said the deal would include natural gas supply, risk management, hedging and budget analysis, energy market monitoring, utility rate, invoice and pipeline transportation reporting, and monitoring of relevant regulatory and legislative issues.

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