NORWALK, Conn., April 9, 2002 — LEVCO, a major Fairfield County heating oil distributor, and Dominion, one of the Northeast’s largest energy suppliers, are teaming up so that Connecticut homeowners can start saving money on electricity.
Over 10,000 customers have already signed up with LEVCO for the plan, which will save customers at least 5 percent every month on the electricity portion of their CL&P electric bills.
LEVCO has named Dominion Retail, Inc., which has over 835,000 customer accounts in six states, as its electricity supplier. Dominion Retail is a subsidiary of Dominion, one of the nation’s largest producers of energy, including a 2000 megawatt power station in Connecticut.
Customers will pay 5.225 cents per kilowatt hour. The current CL&P standard offer generation service rate is 5.643 cents per kilowatt hour for Residential Rate 1 customers.
CL&P will continue to deliver the electricity to customers, read meters, send bills, collect payments, provide service and respond to emergencies. Dominion Retail will supply the electricity. Customers who wish to enroll can call LEVCO at 1-800-400-5574 to receive an enrollment form.
“LEVCO is proud to offer the opportunity for every residential CL&P electric consumer to receive lower electric bills,” said Ed Levene, LEVCO’s vice president.
“There is no cost to sign up, no additional monthly fees, and individuals may cancel at any time with no fee. Participants, once enrolled, will receive one lower total bill from CL&P.”
Dominion Retail is supplying electricity to nearly 15,000 customers in Massachusetts who previously bought power from one of five utilities in Massachusetts — Massachusetts Electric, Western Massachusetts and the three NSTAR utilities — Boston Edison, Commonwealth Edison and Cambridge Electric. Dominion Retail is still signing up Massachusetts customers.
Dominion, headquartered in Richmond, Va., is one of the nation’s largest producers of energy, with a production capability of more than 3 trillion British thermal unit of energy per day. Its 22,000-megawatt generation portfolio is expected to grow to more than 26,000 megawatts by 2005.
In addition to its more than 4.9 trillion cubic feet equivalent of natural gas reserves and more than 450 billion cubic feet equivalent of annual production, Dominion owns and operates 7,600 miles of natural gas transmission pipeline with a delivery capability of 6.3 billion cubic feet per day. The company also operates the nation’s largest underground natural gas storage system, with more than 950 billion cubic feet of storage capacity.
Dominion serves nearly 4 million retail natural gas and electric customers in five states, and owns a managing equity interest in Dominion Fiber Ventures LLC. For more information about Dominion, visit the company’s Web site at www.dom.com.