Cirro Energy Services Acquires Rival Comperio Energy; CES Expands Portfolio and Embraces Industry Leadership Role.DALLAS -- Cirro Energy Cirro Energy is a retail electric provider (REP) based in Richardson, Texas that delivers electrical service and customer service to tens of thousands of power customers throughout the Electric Reliability Council of Texas (ERCOT) distribution grid within the deregulated Texas Services is purchasing rival Comperio Energy, Inc. Under the agreement, CES will acquire Comperio's portfolio of brokerage clients including several blue chip Texas companies. The company will also assume a major role in a key consumer advocacy group that promotes the benefits of 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. . CES helps high volume electricity consumers reduce power costs through a combination of energy procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. , value-added energy usage analysis and auditing services. "This is the first acquisition for CES and allows us to build upon the excellent services that Comperio has provided companies since the early stages of electric deregulation," said Cirro Energy Services President Jeff Nottingham. "We're pleased to offer our unique combination of resources and world-class expertise to Comperio's roster of quality clients. This agreement includes clients within the commercial real estate, transportation, hospitality and medical industries, as well as religious institutions. CES will impact their bottom line by helping them fully realize the benefits of the deregulated energy marketplace." Jeff Nottingham and Executive Vice President Michael Cozzi founded CES earlier this year. The two have extensive experience in structuring successful energy solutions for large commercial and institutional accounts, as well as electricity deregulation and risk management of fluctuating energy markets. Their depth of experience, network of relationships and expanded menu of services, such as 4CP warnings and utility bill audits provides substantial value to clients. Under this new arrangement, Cirro Energy Services will take a key leadership role in the Dallas - Fort Worth Electric Consumer Coalition. The company will actively participate in the group by managing its Web site, providing incremental Additional or increased growth, bulk, quantity, number, or value; enlarged. Incremental cost is additional or increased cost of an item or service apart from its actual cost. funding for operations, offering guidance and handling many administrative duties. The coalition includes the cities of Dallas and Fort Worth, 7-Eleven Corporation, Texas Instruments See TI. (company) Texas Instruments - (TI) A US electronics company. A TI engineer, Jack Kilby invented the integrated circuit in 1958. Three TI employees left the company in 1982 to start Compaq. , the DFW DFW Dallas/Ft Worth, TX, USA - Dallas Ft Worth International (Airport Code) DFW Department of Fish and Wildlife DFW David Foster Wallace DFW Drug-Free Workplace DFW Down For Whatever (song by Pretty Young Things) Hospital Council and the Dallas 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. . The acquisition of Comperio Energy by Cirro Energy Services was effective May 16, 2005. The agreement was finalized See finalization. as of June 1, 2005. Texas commercial and industrial businesses interested in reducing their power costs should contact Mr. Nottingham at (972) 764-7293. About Cirro Energy Services Cirro Energy Services is based on a new bold way of thinking. The company provides consultative and brokerage services to commercial and institutional accounts. CES negotiates contracts with leading energy suppliers to minimize the cost of power for its clients. The organization also guides customers by developing a purchasing strategy suited to their needs, overseeing the negotiation process with major REPs, choosing the most competitive provider and securing value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. services. Additional information about CES is available at www.cirroenergyservices.com or by contacting Scott Black at (214) 520-3430 ext. 303. |
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