Burger King Franchises Choose PG&E Energy Services for Savings.SAN FRANCISCO--(BUSINESS WIRE)--Oct. 20, 1998--PG&E Energy Services, an unregulated subsidiary of PG&E Corporation (NYSE NYSE See: New York Stock Exchange :PCG PCG phonocardiogram. ), announced today that it has been selected by hundreds of Burger King(R) franchise restaurants throughout California to provide guaranteed electric bill savings and other cost-reducing energy services over the next several years. Through multi-year contracts signed with each franchise, PG&E Energy Services will supply over $90 million in electric power to more than 450 Burger King(R) restaurants currently served by 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. , 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 and Electric and Pacific Gas and Electric, the state's three major electric utilities. The company will also provide other services, including natural gas supply and energy efficiency upgrades, to further reduce the restaurants' costs. PG&E Energy Services was recommended to the franchises by an energy team comprised of members of the Northern California Northern California, sometimes referred to as NorCal, is the northern portion of the U.S. state of California. The region contains the San Francisco Bay Area, the state capital, Sacramento; as well as the substantial natural beauty of the redwood forests, the northern Franchisee Association, Inc. and the Southern California Franchisee Association, Inc. "In the ultra-competitive fast food industry, every dollar counts," said Steve Grossman, vice president of finance for Sydran Services, a local Burger King(R) franchisee in Northern California. "Every Burger King(R) restaurant is continually looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. new ways to lower expenses and increase value to customers. That's why we're particularly pleased with PG&E Energy Services' package -- it includes not only guaranteed savings on our electricity costs, but also the potential for more savings down the road through other measures." Burger King(R) franchises are among thousands of enterprises that have exercised their ability to choose an alternative power supplier since California's electric industry 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 went into effect earlier this year. "The ability to shop for energy savings has been extremely important to us," said Al Shah, a Burger King(R) franchise owner in Southern California. "Finding the most effective service provider has enabled us to reduce our costs, which in turn helps keep us competitive." An unregulated subsidiary of PG&E Corporation, PG&E Energy Services provides commercial and industrial 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. With over $2 billion in signed, long-term contracts, PG&E Energy Services is bringing value to businesses and institutions across the country. In addition to Burger King(R) franchises, its customer portfolio includes McDonald's and Carl's Jr. restaurants; Blockbuster video and music stores; Rite Aid and Sav-on drug stores; Safeway, Vons and Lucky supermarkets; Neiman Marcus department stores; high-tech companies IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Mitsubishi Silicon America and NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98). NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. America; Smucker's; Pepsi-Cola General Bottlers and many other firms. Also, through a PG&E Corporation alliance with Ultramar Diamond Shamrock, PG&E Energy Services is bringing energy services to thousands of UDS UDS Ustedes (Spanish: Formal Plural You) UDS Uniform Data System UDS Unscheduled DNA (Deoxyribonucleic Acid) Synthesis UDS Unix Domain Socket UDS Urodynamics sites throughout North America. For more information about PG&E Energy Services or PG&E Corporation, please visit our websites: www.pgees.com and www.pgecorp.com. |
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