CARROLLTON, Texas, Oct. 9, 2003 — GlobalNet Energy Investors announced that the Public Utility Commissioner of Texas has granted the company approval to become an Aggregator.
The commission states that GlobalNet Energy Investors, Inc. is capable of fulfilling the customer protection provisions, disclosure requirements, and marketing guidelines of PURA (Public Utility Regulatory Act).
“Aggregation is an important step in maximizing revenues from customers while providing them with a competitive electric rate. GlobalNet’s plan, along with providing its’ Energy N Sync’s digital energy motor controller, is to be an aggregator in deregulated states. Aggregation will allow us to provide the best price for electricity for our customers” says Eric Barger, President, of GlobalNet Energy Investors, Inc.
On September 24, 2003, GlobalNet Energy Investor, Inc. signed an agreement to merge with Host America Corporation, Nasdaq: CAFE. Host America Corporation is in the process of filing for shareholder approval for this merger.
The company is headquartered in Hamden, CT, founded in 1986 and employs 370 people.