Catex Vitol Gas and Providence Energy form strategic service alliance.BOSTON--(BUSINESS WIRE)--Aug. 4, 1995--Catex Vitol Gas Inc. and Providence Providence, city (1990 pop. 160,728), state capital and seat of Providence co., NE R.I., a port at the head of Providence Bay; founded by Roger Williams 1636, inc. as a city 1832. Energy Corp. today announced a strategic business alliance to jointly market natural gas and other energy services. This agreement is the first such business alliance for both companies. Catex Vitol, based in Boston, Mass., and Providence Energy, based in Providence, R.I., provide coordinated management and marketing of natural gas services, including retail marketing and wholesale delivery to industrial and commercial customers throughout 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. . The alliance is now in business and customers are being served. Catex Vitol contributes its experience in gas acquisition and transportation and its expertise in financial energy services such as natural gas futures, derivative hedging products and alternative fuel pricing products. "Rapid changes in competition and technology within the energy industry are creating emerging opportunities for improved customer services and products," stated Caroline Tortolani, vice president of Catex Vitol. "Our company has been successfully providing blended physical supplies and financial products to large industrial, electric utility and gas distribution companies 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. since 1987," said Tortolani. James DeMetro, vice president, Energy Services, of Providence Energy, stated, "This alliance offers new opportunities for many customers who are 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. more cost effective ways to meet their energy needs. With this alliance, customers 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. and New England have access to the high quality Catex energy products and services and wholesale prices previously available only to utilities and the very largest manufacturers in the United States." Catex Vitol is one of the largest independent North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. natural gas marketing and trading companies with average gas sales volumes in excess of 1.4 billion cubic feet per day. Additionally, Catex Vitol owns Catex Vitol Electric L.L.C. that actively trades electricity in the northeastern mid-Atlantic and southeastern bulk power markets. Catex Vitol is 51 percent owned by Vitol S.A., the largest independent worldwide crude oil and products trading organization. Providence Energy is the holding company and parent of Providence Gas Co., Rhode Island's largest natural gas distribution company and North Attleboro North Attleboro (ă`təlbərə), industrial town (1990 pop. 25,038), Bristol co., SE Mass., near the R.I. line; settled 1669, set off from Attleboro and inc. 1887. Jewelry has been made there since 1807. Gas Co., in nearby Massachusetts. Combined, the two utility subsidiaries provide natural gas service to over 163,000 homes and businesses in Providence, Newport and 25 other cities and towns in Rhode Island This is a list of the thirty-one towns in Rhode Island:
CONTACT: Catex Vitol Gas Inc. Carol Kellogg, 617/426-0777 or Providence Energy Corp. Barbara Trainor, 401/272-5040 |
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