EGR Commerce Energy Grp.,

Commerce Energy Signs Contract With Quest Asset Management, Inc. for Electric Service COSTA MESA, Calif., June 28 /PRNewswire-FirstCall/ -- Commerce Energy Group, Inc. (AMEX:EGR), the largest non-utility retail energy marketer in the U.S. announced today that its subsidiary, Commerce Energy, Inc. has entered into an electric service agreement with Quest Asset Management, Inc. Under the agreement, fifteen properties in Texas, totaling over two hundred units, will receive electric service at a fixed price from Commerce Energy for one full year. Quest Asset Management, Inc., a multi-family property management firm with properties throughout Texas is structured to provide on-site property managers with experienced and knowledgeable supervision on a day-to-day basis. "We chose Commerce Energy to help us reduce our electricity costs, and look forward to working with their customer service representatives to meet that goal," said Quest Asset's President and Chief Operating Officer, Deborah A. Griffin. "We are pleased that Quest Asset Management has selected Commerce Energy to supply their Texas properties," said Peter Weigand, President of Commerce Energy Group. "One of our specialties is serving customers with multiple locations by providing energy budget control through innovative products, information services and customized pricing arrangements." About Quest Asset Management, Inc. Quest Asset Management, Inc. was formed in May 1996, by Deborah A. Griffin, President and Chief Operating Officer. Focused on affordable, multi-family housing management and real estate services, with a special emphasis on tax credit properties and senior housing, Quest brings a high degree of expertise to the industry. Currently, Quest manages in excess of 2,600 multi-family units located throughout Texas. 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 nine 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 Group Investor Relations Verna Ray 714-259-2500 Public Relations Doreen Wiley 714-259-2567 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: Investor Relations, Verna Ray, +1-714-259-2500, , or Public Relations, Doreen Wiley, +1-714-259-2567, , both of Commerce Energy Group Web site: http://www.commerceenergy.com/

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