Commerce Energy Group Announces Sale of Investment in Turbocorp B.V. COSTA MESA, Calif., July 29 /PRNewswire-FirstCall/ -- Commerce Energy Group, Inc. (AMEX:EGR), the largest non utility-affiliated retail energy marketer in the U.S., announced today the Company has sold its entire stock holdings in Turbocorp B.V. to Shandong ApS for $2 million in cash. The Company held a minority interest in Turbocorp B.V., which it acquired as a part of the dissolution of its Summit Energy investment. The Company had determined in fiscal 2004 that minority investments were not core to its strategies. The Company continues to hold minority interests in Encorp, Inc. and Power Efficiency Corporation, the remaining two entities from the dissolved Summit Energy. Turbocorp B.V. is a Dutch holding company with investments in the oil-free centrifugal compression industry. Shandong ApS is a private equity investment company and is the majority owner of Turbocorp B.V. 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/. 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 of Commerce Energy Group, +1-281-902-5127, Web site: http://www.commerceenergygroup.com/

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