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Keystone Energy Services, Honeywell Announces Joint Project to Implement Industry-Leading Energy Saving Systems

LOS ANGELES, Nov. 10 /PRNewswire/ -- Keystone Energy Services, Inc. (Nasdaq OTC Bulletin Board: KESE), an electric services provider entering California's newly-deregulated electricity market, announced today a joint project with Honeywell (NYSE: HON) to analyze and implement energy savings programs for residential and commercial customers as the nation's electric industry becomes deregulated commencing January 1, 1998 in California.

The first study will be to access the potential of designing and installing an energy savings application program for Agua Caliente Development Authority, a subsidiary of the Agua Caliente Band of Cahuilla Indians, one of the largest property owners in Palm Springs and owner of the "Spa Hotel and Casino Resort & Mineral Springs." Executive Director Fred R. Razzar said he's looking forward to the scope of such a program, the savings to be generated and the method to accomplish the installation from Keystone and Honeywell.

Keystone's Executive Sales Consultant Andy Demetri said, "Keystone's alliance with Honeywell can provide our customers, such as the "Spa Hotel & Resort" the added benefit of Honeywell's expertise and technology for increased energy savings, while Keystone provides 10 to 25% savings on their electric bills."

"Honeywell is looking forward to working with Keystone Energy Services and anticipates a rewarding association for everyone concerned as a result of the electricity industry being deregulated," said Michael Yackee, Honeywell Account Executive, Home and Building Control.

Honeywell is a global controls company focused on creating value through technology that enhances comfort, improves productivity, saves energy, protects the environment and increases safety. The company serves customers worldwide in the homes and buildings, industrial, and aviation and space markets. Honeywell employs 57,500 people in 95 countries and had 1996 sales of $7.3 billion.

Keystone Energy Services, Inc., licensed by the California Public Utilities Commission and Federal Energy Regulatory Commission, is a discount electric power marketing company. Formed as a result of the opportunity created by the federally-mandated deregulation of the $200 billion electric power industry, Keystone is focused on the distribution and sale of reliable, low-cost electricity to U.S. consumers. Offering a 10 to 25 percent savings over local utility services, Keystone will initially target the $22.5 billion California market, followed by other high tariff states as they open to competition.

SOURCE Keystone Energy Services, Inc.
 -0- 11/10/97

/CONTACT: Anita Carlisle, 800-785-9345/


CO: Keystone Energy Services; Honeywell ST: California IN: OIL CPR SU: JVN

CM-DP -- LAM079 -- 1142 11/10/97 12:57 EST
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Publication:PR Newswire
Date:Nov 10, 1997
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