Sep
3
2008

Baltimore Gas and Electric Company Awards ICF International Two Contracts with Combined Capacity in Excess of $50 Million

Firm to Provide Advisory and Implementation Services for Energy Efficiency Programs

 

 

Fairfax, Virginia, September 3, 2008 -

Baltimore Gas and Electric Company (BGE), a subsidiary of Constellation Energy (NYSE:CEG), has awarded ICF Resources, LLC, a subsidiary of ICF International (NASDAQ:ICFI), two new contracts to support regulatory filing, program design, and eventual implementation of energy efficiency programs. The first contract is for BGE’s Residential & Small Commercial Conservation (Mass Markets) Program, and the second contract is for BGE’s Large Industrial and Commercial Conservation Program.

Both contracts include three phases: 1) high level program design to support regulatory filings; 2) detailed program design; and 3) program implementation. Over the next several months, ICF will assist BGE with the design and filing with the Maryland Public Service Commission (PSC) for the Large Industrial and Commercial energy efficiency program and supplemental filing with the PSC of the Mass Markets program. Phases 2 and 3 of both contracts will commence after the PSC has approved the programs. The potential value of all the phases of the combined contracts is valued in excess of $50 million.

“Winning these BGE contracts demonstrates ICF’s successful track record in not only designing quality energy efficiency programs, but also in effectively implementing these large scale programs,” said Sudhakar Kesavan, ICF chairman and chief executive officer. “Support provided by ICF will help BGE and its customers reduce energy use and the impacts of global climate change and help BGE meet the State’s EmPOWER Maryland goals.”

 

 

About ICF International

ICF International (NASDAQ:ICFI) partners with government and commercial clients to deliver consulting services and technology solutions in the energy, climate change, environment, transportation, social programs, health, defense, and emergency management markets. The firm combines passion for its work with industry expertise and innovative analytics to produce compelling results throughout the entire program life cycle, from analysis and design through implementation and improvement. Since 1969, ICF has been serving government at all levels, major corporations, and multilateral institutions. More than 3,000 employees serve these clients worldwide. ICF’s Web site is www.icfi.com.

About BGE

BGE, www.bge.com, headquartered in Baltimore, is Maryland’s largest gas and electric utility, delivering power to more than 1.2 million electric customers and more than 640,000 natural gas customers in Central Maryland. The company’s approximately 3,000 employees are committed to the safe and reliable delivery of gas and electricity, as well as enhanced energy management, conservation, environmental stewardship and community assistance.  BGE is a wholly-owned subsidiary of Constellation Energy, www.constellation.com, a FORTUNE 125 company also headquartered in Baltimore with subsidiaries that generate, sell and deliver energy and provide other energy-related services to customers throughout North America.

Caution Concerning Forward-looking Statements

This document may contain “forward-looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995—that is, statements related to future—not past—events, plans, and prospects. These statements involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by such forward-looking statements. In some cases, you can identify these statements by forward-looking words such as “guidance,” “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “seek,” “should,” “will,” “would,” or similar words. You should read statements that contain these words carefully because they discuss our future expectations, contain projections of our future results of operations or of our financial position, or state other forward-looking information, and are subject to factors that could cause actual results to differ materially from those anticipated. For ICF, particular uncertainties that could adversely or positively affect the Company’s future results include but are not limited to: risks related to the government contracting industry, including the timely approval of government budgets, changes in client spending priorities, and the results of government audits and investigations; risks related to our business, including our dependence on contracts with U.S. Federal Government agencies and departments and the State of Louisiana; continued good relations with these and other customers; success in competitive bidding on recompete and new contracts; performance by ICF and its subcontractors under our contract with the State of Louisiana, Office of Community Development, including but not limited to the risks of failure to achieve certain levels of program activities, termination, or material modification of the contract, and political uncertainties relating to The Road Home program; uncertainties as to whether revenues corresponding to the Company’s contract backlog will actually be received; the future of the energy sector of the global economy; our ability to attract and retain management and staff; strategic actions, including attempts to expand our service offerings and client base, the ability to make acquisitions, and the performance and future integration of acquired businesses; risks associated with operations outside the United States, including but not limited to international, regional, and national economic conditions, including the effects of terrorist activities, war, and currency fluctuations; and other risks and uncertainties disclosed in the Company’s filings with the Securities and Exchange Commission. These uncertainties may cause ICF’s actual future results to be materially different than those expressed in the Company’s forward-looking statements. ICF does not undertake to update its forward-looking statements.

For Immediate Release
Investor Contact: 
Lynn Morgen
1.212.223.4147

Media Contact:
Lindsey Litton
1.571.265.1472

 
 
 

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