Commerce Energy Expands Into Two New Texas Markets
June 07 2005 - 8:30AM
PR Newswire (US)
Commerce Energy Expands Into Two New Texas Markets COSTA MESA,
Calif., June 7 /PRNewswire-FirstCall/ -- Commerce Energy Group,
Inc. (AMEX:EGR) the largest non-utility retail energy marketer in
the U.S. announced today that it has entered two new utility
markets in Texas, AEP and TNMP, which are in South and West Texas.
Commerce Energy is currently serving over 9,000 customers in
Texas's two biggest markets, Centerpoint and TXU (Houston and
Dallas). The expansion brings the total number of markets served
nationwide to 19 utility markets in 9 states. "Expansion into these
new Texas territories is a continuation of our strategy to expand
into new gas and electric markets to further diversify our retail
portfolio," said Peter Weigand, President of Commerce Energy. "We
are ready to kick off sales efforts in these two new markets with
both our inside sales force and our ACN channel representatives."
About Commerce Energy, Inc Commerce Energy, Inc. is a wholly owned
subsidiary of Commerce Energy Group, Inc. (AMEX:EGR), a holding
company doing business through its three wholly-owned operating
subsidiaries, Commerce Energy, Inc., Skipping Stone Inc. and
Utilihost, Inc. Commerce Energy is a FERC licensed unregulated
retail marketer of natural gas and electricity to homeowners,
commercial and industrial consumers, and institutional customers in
9 states. Skipping Stone is an energy consulting firm serving
utilities, pipelines, merchant trading and technology companies.
Utilihost provides outsourced energy transaction and data
management services for municipalities, government facilities,
power generators and energy merchant customers. For more
information, visit http://www.commerceenergy.com/. For more
information contact: Commerce Energy, Inc. Commerce Energy Group,
Inc. Public Relations Investor Relations Doreen Wiley Verna Ray
714-259-2567 281-902-5127 Forward-Looking Statements: Certain
statements contained within this press release including, without
limitation, statements containing the words "believe,"
"anticipate," "expect," "estimate," "await," "continue," "intend,"
"plan" and similar expressions are forward-looking statements that
involve risks and uncertainties. These forward-looking statements,
are not guarantees of future performance and involve certain risks,
uncertainties and assumptions that are difficult to predict. Actual
outcomes and results may differ materially from what is expressed
in, or implied by, such forward-looking statements. The risks and
uncertainties that could cause actual results to differ materially
from those expressed in, or implied by, the forward-looking
statements include, but are not limited to, the volatility of the
energy market, competition, Commerce Energy's ability to
successfully integrate newly-acquired businesses, operating
hazards, uninsured risks, changes in energy-related state
legislation, failure of performance by suppliers and transmitters,
uncertainties relating to litigation, changes in general economic
conditions, increased or unexpected competition, and other matters
disclosed in Commerce Energy's filings with the Securities and
Exchange Commission. Further, Commerce Energy undertakes no
obligation to release publicly any revisions to these
forward-looking statements that may be made to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events. DATASOURCE: Commerce Energy Group, Inc.
CONTACT: Public Relations, Doreen Wiley of Commerce Energy, Inc.,
+1-714-259-2567, ; or Investor Relations, Verna Ray of Commerce
Energy Group, Inc., +1-281-902-5127, Web site:
http://www.commerceenergy.com/
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