Green Mountain Energy Company
Introduces New Renewable Energy Product in Pennsylvania
October 12, 2005 — By ENN
AUSTIN, Texas — Green Mountain Energy
Company announced today the introduction of a new renewable energy
product for Pennsylvania customers. The new product will give
Pennsylvania customers the opportunity to support the development and
growth of renewable energy at reduced costs to what they are paying
today.
The product will help avoid a portion of a home's carbon dioxide (CO2)
pollution, a step in the right direction to preserving the environment
for future generations. The new product launch coincides with the
decision by Green Mountain Energy Company to no longer provide electric
generation service to approximately 30,000 residential and commercial
customers in Pennsylvania.
"We think this is a tremendous win-win situation for our current
customers in Pennsylvania," said Paul Thomas, CEO and president of Green
Mountain Energy Company. "Current regulatory and market conditions have
led to this evolution of our Pennsylvania business. By discontinuing
electric generation service and providing this renewable energy option,
our customers will see a lower electricity bill and will be able to
continue their support of renewable energy growth and the building of
new renewable facilities across the nation."
Thomas continued, "Our Pennsylvania customers were among the first
supporters of renewable energy in the nation. We want to reward that
loyalty."
The new product from Green Mountain Energy Company will sell for just
$9.95 a month (or $99.95 for an annual subscription). Through the
purchase of this new product, Green Mountain Energy Company ensures that
500 kilowatt-hours of electricity per month is generated from 100
percent wind resources and delivered to the national power grid. By
purchasing this new product for a year, a customer can help avoid more
than 8,000 pounds of CO2 pollution -- equivalent to not driving a car
more than 9,000 miles.
Customers will be notified via letter beginning next week of the new
product offering. Additionally, the letter will detail steps current
Green Mountain Energy Company customers in Pennsylvania need to take in
regards to their electric generation service. This transition will not
result in an interruption in electricity service for Green Mountain
Energy Company's Pennsylvania customers. Customers may select another
provider or their service will automatically return to their local
utility.
For more than eight years, Green Mountain Energy Company has been active
in developing competitive markets across the U.S. Green Mountain Energy
Company began selling cleaner electricity to customers in Pennsylvania
in September 1998.
"Consumer demand for cleaner, renewable electricity products is growing
rapidly across the country. As the leading retail provider of cleaner
electricity products, we will continue to support the development of
markets for cleaner, renewable energy with innovative products and
services that reflect customer needs," Thomas concluded.
About Green Mountain Energy Company: Founded in 1997 to change the way
power is made, Green Mountain Energy Company (www.greenmountain.com)
offers residential, business, institutional and governmental customers
the choice to support cleaner electricity generated from sources such as
wind, solar, water, geothermal, biomass and natural gas. The company is
based in Austin, Texas.
Source: Business Wire, Green Mountain Energy |