Texas health care group and First Choice Power sign agreement for volume energy savings

FORT WORTH, Texas, Jan. 10, 2002 — HealthTrust Purchasing Group (HPG) and First Choice Power have signed a multi-year, guaranteed price contract to provide electricity to more than 100 HPG member healthcare facilities in Texas.
First Choice commenced service with the initiation of retail electric competition in Texas this month. The HPG user group, comprised of hospitals, surgery centers, office buildings and other healthcare facilities, will realize a significant savings over 2001 electric utility costs.
HPG is a group purchasing organization with an annual contracting volume of $5 billion serving over 800 member locations in the healthcare industry. HPG negotiates with the nation’s suppliers to provide the highest quality supplies, equipment and services at the most competitive prices through national supply agreements.
Jim Fitzgerald, President/CEO for HPG, said the selection of First Choice culminated almost three years of legislative, regulatory and market preparation for deregulation in Texas by HPG. “After an exhaustive evaluation of suppliers, First Choice brought to our members the winning combination of a competitive price and a sensitivity to the needs of the healthcare industry.”
“Savings always is an important part of any contract negotiation,” said Manjit Cheema, First Choice president and CEO. “However, service is equally important. That’s why our customers will receive our complete attention to their service needs.”
First Choice entered into similar aggregation agreements with three other groups in recent weeks as well: Cities Aggregation Power Project, representing 71 cities and two water districts in North Texas; South Texas Aggregation Power Project, a collection of 35 cities and on river authority in South Texas; and Texas Dairy Queen Operators Council, including 146 restaurants in 109 Texas cities.
First Choice Power is a retail electric provider and a wholly owned subsidiary of TNP Enterprises and an affiliate of Texas-New Mexico Power Company, which provides community-based electric service to 85 cities and more than 238,000 customers in Texas and New Mexico.

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