Association of California Water Agencies Endorses NewEnergy to Provide Electricity for Members.Business Editors LOS ANGELES--(BUSINESS WIRE)--April 5, 2000 ACWA-USA, a joint powers authority A Joint Powers Authority (JPA) is an institution permitted under the laws of some states of the USA, whereby two or more public authorities (e.g. local governments, or utility or transport districts) can operate collectively. created in 1996 by the Association of California Water Agencies (ACWA ACWA Amalgamated Clothing Workers of America ACWA Assembled Chemical Weapons Alternatives ACWA Administrative Careers With America ACWA Assembled Chemical Weapons Assessment ACWA American Civil War Association ACWA American Clean Water Association ) to pool water agency demands for the purchase of utility services, has entered into a series of new agreements with energy service provider NewEnergy that could significantly reduce public agencies' electricity costs. As part of the master contract, three new products will be made available to ACWA-USA's 140 members: en-sur-ance, a cost budgeting product that protects customers from sudden electricity price spikes; In-Power, a product that allows customers to design their own usage pattern to purchase electricity during non-peak times and allows customers to purchase their power at `day-ahead' prices, assuring the lowest price per kilowatt-hour; and Fixed Discount, an opportunity for agencies to purchase energy at a special discounted rate. In addition, a limited-time program is available to allow water agencies to offer curtailable load to the California Independent System Operator (ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. ) to help manage expected electricity demands this summer. Up to one-third of water agencies' demand is expected to participate in this summer's curtailment Curtailment The act of contracting or reducing operations of a company in the hope of bringing it financial or operational stability. This management technique is often used when a company has grown too fast and is unable to effectively manage its operations. option. "We are very pleased with the new arrangements with NewEnergy," said Ed Horton Ed Horton (born December 17, 1967 in Springfield, Illinois), is an American former professional basketball player who was selected by the Washington Bullets in the 2nd round (39th overall) of the 1989 NBA Draft. , ACWA-USA President. "These new products allow water agencies to take advantage of their unique ability to shift pumping demands in response to varying electricity prices. These arrangements provide the economic incentive for water agencies to manage their loads to respond to market forces. This is another landmark in ACWA-USA's continuing mission to save public water agencies money and keep consumers' water bills low." "We're proud that we're going to continue our association with ACWA-USA, and we're extremely pleased to be offering them some of the most innovative electricity products in the market today," said Andrew Singer, Vice President of NewEnergy. "NewEnergy has been able to reduce ACWA-USA members' electricity costs by almost $3.9 million over the last three years. I hope that this relationship will continue for a long time to come." En-sur-ance is currently available to customers in the 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 service territory, and other NewEnergy products are being offered statewide. NewEnergy will perform a free analysis of customers' energy usage to determine which product line will provide the greatest cost reduction. Details of the agreement, and opportunities for agencies to participate, will be available on the ACWA-USA portion of ACWA's web site at www.acwanet.com. ACWA-USA is an umbrella group for individual project service agreements (PSAs) and allows members to form subgroups that act as wholesale buyers and possibly sellers of various utility services, which include natural gas, energy efficiency and electricity. All regular and affiliate members of ACWA are eligible to join. ACWA-USA has coordinated agreements with NewEnergy for three years, a partnership that has saved members approximately $3.9 million in electricity purchases to date. NewEnergy, Inc. is America's largest energy service provider, with offices in Austin, Boston, Chicago, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , 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, Phoenix, Tucson, 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 . NewEnergy 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 AES Corporation AES (NYSE) is a Fortune 1000 company that generates and distributes electrical power. It was founded on January 28, 1981 by Roger Sant from the US Federal Energy Administration and Dennis Bakke from the Office of Management and Budget. , 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 18 countries. AES is dedicated to providing electricity worldwide in a socially responsible way. More information on NewEnergy and its products and services is available at www.newenergy.com. |
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