PITTSBURGH – December 15, 2008 – CONSOL Energy Inc. (NYSE: CNX) and the Pittsburgh Penguins announced today a 21-year deal for naming rights to the new Pittsburgh multi-purpose arena.
Consol Energy Center will be home to the Pittsburgh Penguins and is scheduled to open in time for the 2010-11 National Hockey League season. The facility will also serve as a centerpiece for year-round entertainment in the region, including world-class concerts, family shows and a wide variety of other events.
“For more than 140 years, CONSOL Energy has been a part of the tri-state region’s history,” said Brett Harvey, president and chief executive officer of CONSOL Energy. “We are proud to help write a new chapter in Pittsburgh’s history by sponsoring this wonderful new facility.”
A major partner of the organization for several years, CONSOL Energy is most commonly known by fans for its energizing “Power to the Penguins” video played prior to hockey games. The company also sponsored the giant television screen outside Mellon Arena during last year’s Stanley Cup playoffs.
“We are excited to extend our partnership with CONSOL Energy,” said Mario Lemieux, co-owner and chairman of the Pittsburgh Penguins. “We think there is some great synergy involving one of the nation’s leading energy companies, an energetic young hockey team and this vibrant city and region.”
In addition to keeping the Penguins in Pittsburgh, the new facility will also be an economic generator for the region. Consol Energy Center has already created construction jobs and due to the improved performance space, seating and technology it is anticipated to attract more events and spur development.
“Millions in our region are powered by the coal and gas our employees produce every day,” said Harvey. “We believe the Consol Energy Center will extend that commitment by also powering the region with top-notch entertainment and future development.”
About CONSOL Energy
CONSOL Energy Inc., a high-Btu bituminous coal and coal bed methane company, is a member of the Standard & Poor's 500 Equity Index and has annual revenues of $3.8 billion. It has 17 bituminous coal mining complexes in six states and reports proven and probable coal reserves of 4.5 billion tons. CONSOL Energy was named one of America's most admired companies in 2005 by Fortune magazine. It received the U.S. Department of the Interior's Office of Surface Mining National Award for Excellence in Surface Mining for the company's innovative reclamation practices in 2002, 2003 and 2004. Also in 2003, the company was listed in Information Week magazine's "Information Week 500" list for its information technology operations. In 2002, the company received a U.S. Environmental Protection Agency Climate Protection Award. Additional information about the company can be found at its web site: www.consolenergy.com.