HOUSTON and PITTSBURGH, September 23, 2004 (PRNewswire-FirstCall) — Reliant Energy announced it plans to offer competitively priced electric service to large commercial, industrial and institutional customers in Western Pennsylvania. Marketing activities will begin later this fall for service starting in January.
Reliant’s decision to enter the market was prompted by the Pennsylvania Public Utility Commission’s August 23 order in the Duquesne Light case. This order approves a market design that removes barriers and allows competition to develop in the area. Of particular importance was the PUC’s decision not to allow Duquesne’s regulated provider of last resort service to become the only choice in the market.
“Put simply, competitive energy markets work,” said Jim Ajello, senior vice president and general manager, Commercial and Industrial Marketing, Reliant Energy. “Competition ensures the lowest possible commodity prices and a variety of innovative product and service options.”
As the company that purchased and now operates the electric generation facilities originally owned by Duquesne Light, Reliant Energy has a sizeable financial investment in the Commonwealth. The company has its regional headquarters in Pittsburgh, owns approximately 5,500 megawatts of power generating assets in the state and employs approximately 1,400 Pennsylvanians, the majority of whom are located in the Pittsburgh area.
“It’s important to note that large commercial and industrial customers have options and are not forced to take the sometimes volatile, hourly-priced default rate that Duquesne must make available,” Ajello explained. “We offer our customers fixed and indexed pricing as well as products that incorporate combinations of both. We tailor these products to meet the needs of individual businesses.”
Reliant Energy currently offers similar products and services in Maryland, New Jersey, the District of Columbia and Texas with a total electrical load of approximately 8,500 megawatts. The company’s marketing activities in the Duquesne Light territory will focus on manufacturing, health care, government institutions and large retail stores.
Reliant Energy, Inc. based in Houston, Texas, provides electricity and energy services to retail and wholesale customers in the U.S. The company provides a complete suite of energy products and services to more than 1.8 million electricity customers in Texas, ranging from residences and small businesses to large commercial, industrial and institutional customers. Reliant also serves commercial and industrial customers in the PJM (Pennsylvania, New Jersey, Maryland) Interconnection. The company has approximately 19,000 megawatts of power generation capacity in operation, under construction or under contract in the U.S. For more information, visit our Website at http://www.reliant.com/corporate.