AES NewEnergy Reaffirms Commitment to Retail Electricity Markets.Business Editors & Energy Writers LOS ANGELES--(BUSINESS WIRE)--Nov. 30, 2001 "Due to recent headlines regarding some electricity market participants, we think it is important that customers and regulators understand that the retail electricity industry, and the energy sector as a whole, is bigger than any one player," stated Clem Palevich, president of AES NewEnergy. AES NewEnergy is America's leading retail electricity provider, serving commercial and industrial customers in 13 states around the country. "I would invite anyone who, in light of recent events, believes competitive markets are dead and that deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. cannot work, to visit states like Massachusetts, Maine, Texas, Ohio, and several others that have successfully opened their markets to competition," Palevich continued. "These states are proving every day that competition brings customers lower prices, a wider variety of products and services, and a higher quality of service without affecting reliability. "All of us at AES NewEnergy want to assure our customers and regulators that they will see no adverse impact in our continued ability to serve our customers and other important stakeholders," concluded Palevich. "We continue to see opportunities for strong growth in this sector, and will continue to work closely with regulators and consumers to bring the benefits of competition to customers throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . "Our regional knowledge of electricity markets, combined with our understanding of wholesale power markets and our growing family of customers, will allow us to offer reliable, stable electricity products to businesses around the country. We have grown significantly this year and expect to continue that growth in 2002." AES NewEnergy is America's leading retail electricity provider, serving commercial and industrial customers in California, Texas, Illinois, Ohio, Pennsylvania, Maryland, Delaware, New Jersey Delaware, New Jersey could refer to:
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Massachusetts, Rhode Island Rhode Island, island, United States Rhode Island, island, 15 mi (24 km) long and 5 mi (8 km) wide, S R.I., at the entrance to Narragansett Bay. It is the largest island in the state, with steep cliffs and excellent beaches. , New Hampshire New Hampshire, one of the New England states of the NE United States. It is bordered by Massachusetts (S), Vermont, with the Connecticut R. forming the boundary (W), the Canadian province of Quebec (NW), and Maine and a short strip of the Atlantic Ocean (E). and Maine. The company offers businesses energy-related products and services. AES NewEnergy is a subsidiary of The AES Corp. (NYSE NYSE See: New York Stock Exchange :AES), a leading global power company composed of competitive generation, distribution and retail businesses around the world. More information on AES NewEnergy's products and services can be found at www.newenergy.com. |
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