Commerce Energy Group Announces Appointment of New Director
July 28 2005 - 12:37AM
PR Newswire (US)
Commerce Energy Group Announces Appointment of New Director COSTA
MESA, Calif., July 27 /PRNewswire-FirstCall/ -- Commerce Energy
Group, Inc. (AMEX:EGR), the largest non utility-affiliated retail
energy marketer in the U.S., announced today the Company's board of
directors has appointed Mr. Steven S. Boss as a director of the
Company, effective July 22, 2005. Mr. Boss was also appointed as a
member of the Audit Committee and the Compensation Committee. Mr.
Boss will serve as a Class I director and will complete the three
year term expiring at the third annual meeting to be held after
completion of the fiscal year ending July 31, 2005. "We are
extremely pleased to welcome Mr. Boss to our Board of Directors,"
said Robert C. Perkins, Chairman of the Board of Commerce Energy
Group. "We look forward to the value that Mr. Boss will add to the
Board with his extensive experience in the industry." Mr. Boss has
practiced law in private practice since 2003, specializing in the
representation of energy companies and commercial energy users. Mr.
Boss also has significant operating experience in the retail energy
industry. From 2000 to 2003, Mr. Boss served as president of Energy
Buyers Network, LLC, an energy consulting firm that provided
regulatory representation and structured direct access energy
transactions for commercial energy users. From 1999 to 2000, he
served as president of both Sierra Pacific Energy Company and
Nevada Power Services, non-regulated energy services operating
subsidiaries of Sierra Pacific Resources. Prior to that, Mr. Boss
served in various legal and senior management positions in a number
of energy companies and practiced law in private practice. Of
particular note, from 1984 to 1992, Mr. Boss served as president
and chief executive officer of Sunrise Energy Services, Inc., at
the time, one of the largest independent natural gas marketing
companies in the commercial market sector in the United States,
which had its shares listed on the American and London Stock
Exchanges. Mr. Boss holds a B.S. Degree in Aerospace Engineering
from the University of Texas and a law degree from the University
of Southern California. About Commerce Energy Group, Inc. Commerce
Energy Group, Inc. (AMEX:EGR) is a holding company with operations
under wholly owned subsidiaries Commerce Energy, Inc., Skipping
Stone, Inc. and Utilihost, Inc. Commerce Energy, Inc. 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.commerceenergygroup.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, Inc. Web site:
http://www.commerceenergy.com/
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