BERLIN, Conn., Dec. 23, 2003 — Select Energy, the competitive energy marketing and services arm of Northeast Utilities and an energy provider in New England, has been awarded a one-year transitional standard offer service (TSO) contract by Connecticut Light and Power Company (CL&P).
The contract was awarded through a request for proposal process, overseen by the Department of Public Utility Control and its consultant Charles River Associates.
The contract commences January 1, 2004 and runs through December 31, 2004, providing electric service to all rate classes of CL&P’s TSO customers. Peak load is expected to exceed 1,800 megawatts with revenues for Select Energy estimated at over $500 million.
“Select Energy has established a strong track record of serving wholesale and retail customers throughout the Northeast,” said William W. Schivley, president, Select Energy Inc. “This is the latest in a series of wholesale supply contracts with ten electric distribution companies that we will be serving throughout New England and the mid-Atlantic states in 2004,” added Schivley.
Select Energy will be supplying nearly 40 percent of CL&P’s TSO load for 2004. TSO is electric generation service for customers who choose not to make power service arrangements with a competitive supplier and remain with CL&P, the largest electric distribution company in Connecticut serving 1.1 million customers.
Select Energy’s contract includes meeting renewable portfolio standards that require 4% of the supply to come from renewable sources such as solar, wind, fuel cells, biomass and hydro power.
Select Energy Inc. is part of NU’s competitive energy group, NU Enterprises Inc. The company provides electricity, natural gas, and other energy products and services to business and institutional customers from Maine to Maryland. More information is available at www.selectenergy.com.