ARCO and PG&E Energy Services Form Alliance to Provide Services to ARCO Facilities.SAN FRANCISCO--(BUSINESS WIRE)--April 7, 1998--PG&E Energy Services and Atlantic Richfield Company (ARCO) announced today that they have formed a California energy alliance providing power and energy management services to a number of ARCO facilities throughout the state that are currently served by investor-owned electric utilities. Under the multi-year agreement, PG&E Energy Services will supply more than $60 million in electricity to more than 350 ARCO owned and operated retail gas stations and am/pm convenience stores The following is a list of convenience stores organized by geographical location. Stores are grouped by the lowest heading that contains all locales in which the brands have significant presence. , eight gasoline distribution terminals, 16 pipeline pump stations and several oil and gas production facilities in California. Participating facilities are all provided electrical service Electrical service, in building wiring, refers to the wiring that connects the electric utility's cables in the street to the building. Specifically, electrical service is the wiring from the street, through the meter and up to the panelboard, but no farther. by one of the following utilities: Pacific Gas and Electric Company
The Pacific Gas and Electric Company (PG&E) , (NYSE: PCG), is the utility that provides natural gas and electricity to most of Northern California. (PG&E), Southern California Edison Southern California Edison (or SCE Corp), the largest subsidiary of Edison International (NYSE: EIX), is the primary electricity supply company for much of Southern California. It provides 11 million people with electricity. (SCE SCE (in Scotland) Scottish Certificate of Education SCE n abbr (= Scottish Certificate of Education) → Schulabschlusszeugnis in Schottland ), or San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. Gas & Electric (SDG&E). Electricity supplied under the agreement became available when 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. opened the California electric market to competition on April 1. Approximately 300 of ARCO's franchised retail gas station and am/pm convenience store locations are also initially eligible to participate in the program, which will offer a guaranteed discount to tariff rates (cost per kilowatt-hour). Through the agreement, franchisees can benefit from this offer by entering into a private contract with PG&E Energy Services for the delivery of electricity to their respective utilities. PG&E Energy Services will also provide a comprehensive billing and information management system and plans to develop power quality solutions and other energy management strategies for ARCO facilities statewide. "PG&E Energy Services offered us a very competitive energy price which, combined with an energy management services package, made this a good value," said Fred Holgate, vice president of retail sales for ARCO Products Company, the marketing, refining and marine division of ARCO. "This contract demonstrates the value that national companies can realize by choosing a comprehensive energy services provider," said Scott Gebhardt, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of PG&E Energy Services. "We're providing not only low energy prices, but also a host of long-term energy solutions that will help reduce ARCO's overall energy costs significantly." PG&E Energy Services' contract with ARCO is one of several it has entered into in recent months, including agreements with McDonald's restaurants, Blockbuster video stores, Safeway and Vons grocery stores and related facilities, the San Francisco chapter of the Building Owners and Managers Association This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. , and the manufacturing facilities of Smucker's. In addition, PG&E Energy Services has signed an agreement to sell electricity and natural gas to the Community College League of California, and has a contract with Neiman Marcus to provide comprehensive billing and information management services to its facilities nationwide. To date, PG&E Energy Services has entered into long-term power and energy services agreements that in total represent well over $1 billion dollars in revenue. Based in Los Angeles, ARCO is one of the largest oil and gas corporations in the country. Its global affiliates operate in all aspects of the energy business, including the exploration, production and marketing of crude oil, natural gas and natural gas liquids, and refining, marketing and transportation of petroleum products. ARCO Products Company is the leading retailer of gasoline on the West Coast with more than 1,700 branded retail outlets in California, Oregon, Washington, Arizona, Nevada and Utah. ARCO Pipeline Company operates ARCO's petroleum liquids and natural gas pipeline and terminalling assets and interests in the Lower 48 states. An unregulated subsidiary of PG&E Corporation (NYSE NYSE See: New York Stock Exchange : PCG PCG phonocardiogram. ), San Francisco-based PG&E Energy Services provides customers with competitively-priced natural gas and electricity plus comprehensive, customized services to manage and reduce their energy costs. Examples of service offerings include discounted electricity and natural gas, regulatory and tariff consultation, site audits, energy efficiency retrofits, power quality solutions, billing options and other energy/information management programs. PG&E Energy Services has offices in more than 20 major cities nationwide. -0- For more information about PG&E Energy Services, please visit our website at www.pgees.com. CONTACT: PG&E Energy Services Diane Sable sable, species of marten, Martes zibellina, found in Siberia, N European Russia, and N Finland. This carnivorous mammal is highly valued for its thick, soft fur, which is dark brown or black, sometimes with white underparts and sometimes flecked with silver. , 415/733-4629 or ARCO Scott Loll, 213/486-2562 |
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