COSTA MESA, Calif.–(BUSINESS WIRE)–April 20, 2007–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.
Copyright Business Wire 2007
