The city of Baltimore will purchase all of the electricity to be produced by a new solar power plant being built by Constellation Energy in Harford County under an agreement approved Wednesday.
City officials said the 15-year agreement is for solar power priced below the current and future market rates for electricity. As a result, the city projected it would save $13 million on energy costs over the life of the contract.
Constellation, a subsidiary of Exelon, the parent of Baltimore Gas & Electric, is building Perryman Station on land leased by the city, said Jeffrey Raymond, spokesman for the city's Department of Public Works. The station will produce about 13 million kilowatt hours, or enough to power 1,200 homes. That's about 3.7 percent of the city's total energy use.
Expected to be completed at the end of the year, Perryman Station is being built as part of an agreement by Exelon to develop 125 megawatts of wind and solar energy in the state after its 2012 merger with Constellation.