NewPower reaffirms commitment to Texas electricity pilot

PURCHASE, NY- September 6, 2001- The New Power Company is reaffirming its commitment to the Texas Choice Pilot Program and its determination to bring lower, more stable prices for electricity to every household in Texas.

NewPower has captured the largest market share for competitive retail energy providers in the HL&P and TXU power markets.

Through an open letter to the people of Texas that will appear this weekend in select daily newspapers, H. Eugene Lockhart, NewPower’s Chairman and CEO, reaches out to re-pledge his company’s commitment to the more than 54,000 Texans who have signed on with the company.

The letter includes a special HOTLINE, 888-272-9891, for Shell customers, offering them quick sign up for NewPower two-year plans that could save them up to $200 or more over Shell’s plans.

“In our view, volatility in electric prices is not a deterrent to market growth, but an opportunity to apply NewPower’s expertise in today’s restructuring energy markets to deliver savings and price stability to our customers,” said Lockhart. “Our Guaranteed Savings and Peace of Mind plans will bring millions of dollars of savings to thousands of Texas households. We intend to stay the course in Texas and bring these benefits to as many Texans as possible.”

Lockhart continued by detailing NewPower’s national strength and brand power.

“NewPower is the first national residential and small business energy provider and we supply natural gas and electricity to over 750,000 households in 22 markets nationally. Everything we do is in conjunction with local utilities like TXU and HLP so every one of our customers keeps the same reliable service for delivery and transmission they’ve always had,” he said.

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