Commerce Energy Announces That ''Green'' Energy Powers Its Offices in California and Texas
April 20 2007 - 8:00AM
Business Wire
Commerce Energy Group, Inc. (AMEX:EGR), a leading U.S. electricity
and natural gas marketing company, announced today that it is using
clean energy to power its offices in Costa Mesa, California, and
Dallas, Texas. �We�re offering our customers the chance to support
clean air and clear skies by using clean electricity,� said Steve
Boss, chief executive officer of Commerce Energy. �We wanted to
underscore our support of wind energy in Texas and biomass energy
in California by replacing the comparable amount of fossil fuels on
the grid.� Commerce Energy leases approximately 45,000 square feet
in Costa Mesa and another 11,000 square feet for its Dallas office.
Together, the two offices use about 906,000 kilowatt (kWh) hours
per year. The company has purchased green tags in California and
renewable energy credits in Texas to cover electricity usage during
2006 and, going forward, will cover the offices� electrical usage
with green-energy purchases at the end of each year. In recognition
of Earth Day, and to further its goal of educating the public about
clean energy, Commerce Energy employees are visiting preschool
children in the Newport-Mesa Unified School District in Costa Mesa,
California, and kindergartners at Otis Unified School District in
Costa Mesa, California, and kindergartners at Otis Brown Elementary
school in Irving, Texas, to educate the children about responsible
energy use. �We�re committed to offering innovative ways to protect
the environment. Our �Earth Day� message for the children is that
clean air and clear skies are worth protecting, and we can do that
by using less energy and by generating as much electricity as
possible from clean-energy sources, such as wind,� explained Boss.
Commerce Energy has a long-standing commitment to clean energy and
continues to support a cutting-edge project in California. Last
year, the company completed a five-year, renewable-energy, research
program with the California Energy Commission�s Public Interest
Energy Research (PIER) Program. As a participant, Commerce Energy
invested in a 60-kilowatt solar-panel system used by the Inland
Empire Utilities Agency. This and other innovations resulted in the
agency being recognized with a Platinum award from Leadership in
Energy and Environmental Design (LEED), an organization that
provides standards for environmentally sustainable construction.
�Energy deregulation is helping to hasten the development of more
innovative products for consumers and small business owners,� said
Boss. �One result is that clean energy has made significant strides
and is becoming more affordable as increasing numbers of people,
provided with choice, are electing to purchase clean energy. For
example, the cost of producing wind power has dropped from 80 cents
per kWh in 1980 to approximately 6 cents today.� Commerce Energy is
currently making 100% and 50% Wind Clear Choice clean energy
programs in Texas and Maryland and will soon expand clean energy to
other markets. �We�re hoping the legislative and regulatory
environment will change to allow us to market a variety of products
and services to California�s residential and small business
consumers, as we do in Texas,� said Boss. �It�s time to fully
reopen California�s energy markets to competition so consumers can
benefit from the innovative product offerings that will result.�
About Commerce Energy Group, Inc. Commerce Energy Group, Inc. is a
leading independent U.S. electricity and natural gas marketing
company, operating through its wholly-owned subsidiaries, Commerce
Energy, Inc. and Skipping Stone Inc. Commerce is publicly traded on
the American Stock Exchange (AMEX) under the symbol: EGR. Commerce
Energy, Inc. is licensed by the Federal Energy Regulatory
Commission and by state regulatory agencies as an unregulated
retail marketer of natural gas and electricity to homeowners,
commercial and industrial consumers and institutional customers.
Headquartered in Orange County, California, the company also has an
office in Dallas, Texas, as well as several area offices located
around the U.S. For nearly a decade, customers have relied on
Commerce to deliver competitive pricing, innovative product
offerings and personalized customer care in addition to quality gas
and electric services. For more information, visit
www.CommerceEnergy.com. Forward-Looking Statements All statements
in this release, including those of Mr. Boss, may constitute
forward-looking statements regarding the company�s assumptions,
projections, expectations, targets, intentions or beliefs about
future events. Words or phrases such as �anticipates,� �believes,�
�estimates,� �expects,� �intends,� �plans,� �predicts,� �projects,�
�targets,� �will likely result,� �will continue,� �may,� �could� or
similar expressions identify forward-looking statements.
Forward-looking statements are not guarantees of future performance
and involve risks and uncertainties which could cause actual
results or outcomes to differ materially from those expressed.
Commerce Energy Group, Inc. cautions that such statements in this
news release, whether express or implied, are made in good faith
and the company believes such statements are based upon reasonable
assumptions. In addition to other factors and matters discussed
from time to time in our filings with the U.S. Securities and
Exchange Commission, or the SEC, some important factors that could
cause actual results or outcomes for Commerce Energy Group, Inc. or
its subsidiaries to differ materially from those discussed in
forward-looking statements include: higher than expected attrition
of, and/or unforeseen operating difficulties relating to, the
acquired customer accounts, the volatility of the energy market,
competition, operating hazards, uninsured risks, failure of
performance by suppliers and transmitters, changes in general
economic conditions, seasonal weather or force majeure events that
adversely effect electricity or natural gas supply or
infrastructure, decisions by our energy suppliers requiring us to
post additional collateral for our energy purchases, increased or
unexpected competition, adverse state or federal legislation or
regulation or adverse determinations by regulators, including
failure to obtain regulatory approvals.
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