ConEdison Solutions Offers Lower Electricity Rates to Businesses in Pennsylvania's PPL Territory
* Reuters is not responsible for the content in this press release.
WHITE PLAINS, NY, Oct 05 (MARKET WIRE) --
Businesses in Pennsylvania's PPL Electric Utilities' (PPL) service
territory can avoid electric rate increases ranging from 19 to 37 percent
by partnering with one of America's leading energy services companies,
ConEdison Solutions, to take advantage of current low market rates.
"Once price caps disappear at the end of 2009, businesses in the PPL
territory will confront major increases in electricity spending," said
Jorge Lopez, President and CEO of ConEdison Solutions. "ConEdison
Solutions offers innovative buying options to help Pennsylvania businesses
control budgets, manage risk, and use energy more efficiently."
The projected increases will go into effect in January 2010, once price
controls are lifted on PPL rates.
In an April news release, PPL -- anticipating rate increases with the
lifting of price caps -- encouraged its customers to "take advantage of
lower-price offers that may become available from alternative suppliers to
help them reduce their bills."
PPL and the Pennsylvania Public Utility Commission estimate that prices
will increase 19 percent for small businesses and 37 percent for mid-size
businesses, in January 2010. Price increase projections for large
businesses have not yet been confirmed.
By acting now to tap cheaper electricity supply from ConEdison Solutions,
many businesses in PPL's service area are ensuring that they won't get hit
with the large increases and that they benefit from commodity prices that
are currently lower than they've been in years.
Recognized as one of the largest competitive electricity suppliers in the
nation, and known for its stability and financial security, ConEdison
Solutions provides competitively priced electricity and energy management
solutions across the country, and is licensed to serve Pennsylvania's PPL
customers. ConEdison Solutions has been in business for over a decade as a
subsidiary of Consolidated Edison, Inc. (NYSE: ED), one of the country's
largest investor-owned energy companies with a history dating to 1823 and
with assets of approximately $30 billion.
"With all the suppliers available to Pennsylvania firms," said Mr. Lopez,
"it is important to select one with a good reputation that you can trust.
Over the past decade, our company has helped hundreds of businesses,
ranging from large Fortune 500 companies to smaller regional and local
firms better manage their energy costs."
Companies can contact ConEdison Solutions at 1-800-316-8011 or learn more
about our offers by visiting www.conedsolutions.com/ppl.
About ConEdison Solutions
ConEdison Solutions is a leading energy services company that provides
competitive power supply, renewable energy, sustainability services, and
cost-effective energy solutions for commercial, industrial, residential,
and government customers. The company is based in White Plains, New York,
with offices in Burlington, Massachusetts; Cherry Hill, New Jersey; Falls
Church, Virginia; Houston, Texas; Tampa, Florida; Durham, North Carolina;
and Overland Park, Kansas. The firm's dedicated team of energy
professionals delivers a broad range of commodity, consulting, demand-side
management and performance contracting services. ConEdison Solutions
offers programs and services designed to help customers achieve their
individual energy objectives and is accredited as an Energy Services
Provider (ESP) by NAESCO.
ConEdison Solutions is a subsidiary and registered trademark of
Consolidated Edison, Inc. (NYSE: ED). More information can be obtained by
calling 1-888-210-8899 or visiting the ConEdison Solutions website at
www.conedsolutions.com. You can also visit the Consolidated Edison, Inc.
website at http://investor.conedison.com for information on all of the
Consolidated Edison companies.
CONTACT:
Christine Nevin
ConEdison Solutions
(914) 286-7094
(914) 629-2860 (c)
nevinc@conedsolutions.com
Steve Vitoff
The Marino Organization
(212) 889-0808 x 112
(516) 652-0785 (c)
steve@themarino.org
Copyright 2009, Market Wire, All rights reserved.
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