AES NewEnergy is Awarded License to Supply Electricity in Connecticut.Business Editors BOSTON--(BUSINESS WIRE)--Feb. 21, 2001 The New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. regional office of AES NewEnergy announced today that it has been granted an electric supplier license from the State of Connecticut. The license, awarded by the Department of Public Utility Control effective February 7, 2001, is a direct result of the State of Connecticut's electric 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. law passed in 1998. As part of the Department of Public Utility Control's decision, AES NewEnergy was recognized as having the technical, financial and managerial capability to operate as an electricity supplier in Connecticut. AES NewEnergy is also a licensed electricity supplier in 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. , Massachusetts, Maine, New York Maine is a town in Broome County, New York, United States. The population was 5,459 at the 2000 census. The Town of Maine is on the western border of the county and is northwest of Binghamton. , New Jersey, Maryland, Pennsylvania, Delaware and numerous other states across the country. "AES NewEnergy will now be able to offer electric generation services to commercial and industrial customers throughout Connecticut. In a challenging marketplace for electricity supply, we feel confident that we will be able to offer savings and innovative products in Connecticut as we have across New England and the nation," said Jonathan Moore, Senior Vice President of AES NewEnergy. "At a time when we hear so much about rate hikes and the complexities of electricity deregulation, customers need a supplier they can count on to provide competitive priced electricity and innovative information products," Mr. Moore added. AES NewEnergy has already demonstrated its skills in the New England marketplace by securing cost-saving electricity prices for partners such as the Maine Grocers Association, the Massachusetts Municipal Association, the New England Newspaper Association, the Rhode Island Association of School Committees and the Western Massachusetts Chambers of Commerce. AES NewEnergy, Inc. is America's leading energy service provider, with offices in Austin, Boston, Chicago, Columbus, Houston, Los Angeles, New York New York, state, United States 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 , Philadelphia, and the San Francisco Bay area “Bay Area” redirects here. For other uses, see Bay Area (disambiguation). The San Francisco Bay Area, colloquially known as the Bay Area or The Bay . The company strives to help its customers increase their profitability through integrated, high-value energy solutions. Its services include electricity products, information services See Information Systems. , energy efficiency services, site generation, energy-related equipment and supplies, and a telecom service offering. A subsidiary of The AES Corporation (NYSE NYSE See: New York Stock Exchange :AES), AES NewEnergy was formed in 1995 to serve customers nationwide in the emerging competitive retail electricity market. AES is a leading global power company comprised of competitive generation, distribution and retail supply businesses in 23 countries. AES is dedicated to providing electricity worldwide in a socially responsible way. More information on AES NewEnergy and its products and services is available at www.newenergy.com. |
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