Commerce Energy Group Expands Board of Directors With Two New Members
November 16 2004 - 7:42PM
PR Newswire (US)
Commerce Energy Group Expands Board of Directors With Two New
Members Commerce in Compliance With AMEX Audit Committee
Composition Requirements COSTA MESA, Calif., Nov. 16
/PRNewswire-FirstCall/ -- Commerce Energy Group, Inc. (AMEX:EGR) a
leading U.S. electricity service provider, today announced the
expansion of its Board of Directors from five to seven members and
the appointment of two new independent members: Mr. Charles E.
Bayless and Mr. Gregory L. Craig, effective today. Mr. Bayless also
was appointed as a member of the Audit Committee and Mr. Craig was
appointed as a member of the Compensation Committee. With the
appointment of Mr. Bayless to the Audit Committee, the Company now
is in full compliance with the AMEX audit committee composition
requirements. "We are extremely pleased to welcome Mr. Bayless and
Mr. Craig to our Board of Directors," said Ian B. Carter, Chairman
and CEO of Commerce Energy Group. "Both are recognized leaders in
the industry. Their addition will provide increased strength to the
board and is a strong vote of confidence in our company." Mr.
Charles Bayless served as Chairman, President and Chief Executive
Officer of Illinova Corporation, and its wholly owned subsidiary,
Illinois Power Company, from August 1998 until his retirement in
December 1999. He has served as a director of Dynegy Inc. since its
merger with Illinova in February 2000. Mr. Bayless holds both a BS
Degree and an MS in Electrical Engineering. He holds a Law Degree
from West Virginia University and an MBA from the Graduate School
of Business Administration at the University of Michigan. Mr.
Gregory L. Craig is the founder and Chief Executive Officer of Cook
Inlet Energy, a North American energy services company. During Mr.
Craig's tenure, Cook Inlet Energy has become one of the largest and
most reliable traders of physical natural gas, transportation, and
storage in North America and the Company has grown into one of the
most active traders of NYMEX gas futures, and other energy
e-commerce trading platforms. Mr. Craig holds a Bachelor of
Administration degree from the University of Alaska and his MBA
from UCLA. About Commerce Energy Group, Inc Commerce Energy Group,
Inc. is a provider of energy products and services to homeowners,
commercial and industrial consumers, utilities, governments and
energy asset owners. Operating since 1998 as Commonwealth Energy
Corporation, Commerce Energy Group now operates through its
subsidiaries including Commonwealth Energy Corporation, which holds
FERC and state licenses for retail and wholesale energy commodities
and is a retail electricity provider to homes and businesses in
California, Michigan, Pennsylvania and New Jersey under the brand
name "electricAmerica"; Skipping Stone, an energy consulting firm;
and utiliHost, an outsourcing services and technology provider. For
more information visit http://www.commerceenergy.com/. DATASOURCE:
Commerce Energy Group, Inc. CONTACT: investor relations, Verna Ray
of Commerce Energy Group, Inc., +1-714-259-2500, Web site:
http://www.commerceenergy.com/
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