Usource Signs Major Industrial Group.Business/Technology Editors
HAMPTON, N.H.--(BUSINESS WIRE)--April 6, 2000
Unitil Corporation (AMEX AMEX
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UTL Unit Transmittal Letter ) (www.unitil.com) today announced that MI Energy L.L.C., a buying consortium comprised of members of the Multiple Intervenors of 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 , has signed with the Usource Internet energy marketplace for procurement of electric supply for its members.
"Multiple Intervenors is one of the most active and well-respected associations of large energy consumers in the country and we are pleased that MI Energy has chosen Usource for their electricity supply procurement," said Bob Schoenberger, Unitil 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. . "MI Energy's selection of Usource is a great vote of confidence in the services and value Usource provides to large energy consumers."
Multiple Intervenors is an unincorporated Adj. 1. unincorporated - not organized and maintained as a legal corporation
unorganised, unorganized - not having or belonging to a structured whole; "unorganized territories lack a formal government" association of large energy users with facilities located throughout New York State, whose collective energy demands are the equivalent of a good sized utility. Formed in 1972, Multiple Intervenors represents the interests of large consumers of electricity and/or natural gas on energy related issues before the New York State Public Service Commission, the Federal Energy Regulatory Commission The Federal Energy Regulatory Commission (FERC) is the United States federal agency with jurisdiction over electricity sales, wholesale electric rates, hydroelectric licensing, natural gas pricing, and oil pipeline rates. and in Court. Multiple Intervenors is committed to promoting competitively-priced and reliable energy supplies as a means of protecting jobs in New York and to securing the lowest priced and most reliable sources of energy for its members.
Usource is an Internet based energy marketplace that allows large commercial/industrial customers to post their energy needs for evaluation and bid by a large number of pre-qualified suppliers. If the supplier offers a price the buyer wants and meets the buyer's terms and conditions, the deal is done. Unlike many Internet sites that merely compare prices for standard offers by suppliers, Usource is a live marketplace in which suppliers make firm bids against firm commitments by customers to buy their electricity and gas. Usource runs on the sophisticated transaction-based software and energy commodity Exchange developed and licensed by Enermetrix.com. (http://www.enermetrix.com/), a privately held company privately held company
A firm whose shares are held within a relatively small circle of owners and are not traded publicly. headquartered in Maynard, MA.
Unitil is a public utility holding company with subsidiaries providing electric service in New Hampshire New Hampshire, one of the New England states of the NE United States. It is bordered by Massachusetts (S), Vermont, with the Connecticut R. forming the boundary (W), the Canadian province of Quebec (NW), and Maine and a short strip of the Atlantic Ocean (E). and electric and gas service in Massachusetts and energy services throughout the Northeast. The Usource product line is operated by its subsidiary Unitil Resources, Inc., and is available at www.usourceonline.com. Unitil's other subsidiaries include Concord Electric Company, Exeter & Hampton Electric Company, Fitchburg Gas and Electric Light Company, Unitil Power Corp., Unitil Realty Corp. and Unitil Service Corp.
For more information, visit Unitil at www.unitil.com or call Todd Black, Vice President, Sales and Marketing at 603-773-6530.