Kimberly-Clark Reaffirms Sustainability Commitment with Renewable Energy Certificates from Constellation Energy
DALLAS and BALTIMORE - June 30, 2011 - Kimberly-Clark Corporation (www.kimberly-clark.com) (NYSE: KMB) announced today that it will purchase from Constellation Energy (www.constellation.com) (NYSE: CEG) Green-e® Energy Certified power sourced from wind energy facilities in Texas. The purchase will match 100 percent of the electricity use at the company's worldwide headquarters located in Dallas from July 2011 through June 2014. Kimberly-Clark's Worldwide Headquarters uses approximately 3,300 megawatt-hours of electricity per year.
"Kimberly-Clark is constantly searching for alternative energy solutions that make sense environmentally and economically," said Suhas Apte, vice president, Global Sustainability, Kimberly-Clark. "Purchasing RECs for our Dallas headquarters demonstrates another step in our commitment to avoiding greenhouse gas emissions, supporting renewable energy technologies, and contributing to a clean energy future." Earlier this month, Kimberly-Clark launched its Sustainability 2015 Goals.
"By purchasing RECs Kimberly-Clark is greening its energy use and supporting the operation and development of renewable energy facilities," said Michael D. Smith, senior vice president of green initiatives for Constellation Energy's retail business. "Moreover, RECs are a cost-effective option for businesses to help meet their environmental goals."
RECs from Constellation Energy can be purchased as part of a broader energy supply agreement, including electricity and gas supply.
The RECs supplied to Kimberly-Clark by Constellation Energy are Green-e® Energy Certified and sourced from wind energy facilities in Texas. One REC is created for each megawatt-hour of renewable power that is delivered to the electric grid. Once a REC is sold, it is retired, ensuring that each REC is only used one time.
Kimberly-Clark (www.kimberly-clark.com) and its well-known global brands are an indispensable part of life for people in more than 150 countries. Every day, 1.3 billion people - nearly a quarter of the world's population - trust K-C brands and the solutions they provide to enhance their health, hygiene and well-being. With brands such as Kleenex, Scott, Huggies, Pull-Ups, Kotex and Depend, Kimberly-Clark holds No. 1 or No. 2 share positions in more than 80 countries. To keep up with the latest K-C news and to learn more about the company's 139-year history of innovation, visit www.kimberly-clark.com.
About Constellation Energy
Constellation Energy (www.constellation.com) is a leading competitive supplier of power, natural gas and energy products and services for homes and businesses across the continental United States. It owns a diversified fleet of generating units, totaling approximately 12,000 megawatts of generating capacity, and is a leading advocate for clean, environmentally sustainable energy sources, such as solar power and nuclear energy. The company delivers electricity and natural gas through the Baltimore Gas and Electric Company (BGE), its regulated utility in Central Maryland. A FORTUNE 500 company headquartered in Baltimore, Constellation Energy had revenues of $14.3 billion in 2010.