HOUSTON, April 26 /PRNewswire-FirstCall/ -- Reliant Energy, one of the
country's leading competitive power providers, has announced plans to begin
serving a broad class of commercial, industrial and institutional customers
in the Delmarva utility district in Delaware. This marks the first time
Reliant has entered the Delaware electric market.
On April 3, the Delaware Public Service Commission granted Reliant
Energy Solutions East, LLC, a wholly owned subsidiary of Reliant Energy
Inc., a license to serve these customers. The company's combination of
competitive pricing, reliable service, customer support and flexible
service options brings new choices to business customers in the state.
"We are committed to bringing the benefits of competitive markets to
our customers and are pleased to be able to offer commercial and industrial
customers in Delaware new options," said Jim Ajello, senior vice president,
C&I business development. "Earlier this year, we announced plans to expand
service into at least two new markets in 2007, and this brings us one step
closer to achieving that objective."
The move builds on our extensive retail experience in ERCOT and
broadens and strengthens our existing footprint in the PJM (Pennsylvania,
New Jersey, Maryland) Interconnection. Reliant's Delaware license will
enable it to serve the vast majority of Delaware's industrial customers
representing a total market of 950 megawatts of load. Customers seeking
additional information about products and services can contact Reliant at
443-423-1813.
"Our entry into Delaware marks another value-adding proposition for
shareholders and customers alike," said Joel Staff, chairman and chief
executive officer, Reliant Energy. "We believe that as competition
continues to provide tangible benefits for customers, new markets will
continue to open across the country. Reliant will be positioned to put our
knowledge and commitment to service to work for customers in these
markets."
Reliant Energy, Inc. (NYSE: RRI) based in Houston, provides electricity
and energy services to retail and wholesale customers in the United States.
In Texas, the company provides service to nearly 1.9 million retail
electricity customers, including residential and small business customers
and commercial, industrial, governmental and institutional customers.
Reliant also serves commercial, industrial, governmental and institutional
customers in the PJM (Pennsylvania, New Jersey, Maryland) market.
The company is one of the largest independent power producers in the
nation with approximately 16,000 megawatts of power generation capacity in
operation across the United States. These strategically located generating
assets utilize natural gas, fuel oil and coal. For more information, visit
http://www.reliant.com .
This news release contains "forward-looking statements."
Forward-looking statements are statements that contain projections,
estimates or assumptions about our financial results, our plans for the
future, future economic performance, transactions and dispositions and
financings related thereto. In many cases you can identify forward-looking
statements by terminology such as "anticipate," "believe," "continue,"
"could," "intend," "may," "plan," "predict," "should," "will," "expect" and
other similar words. However, the absence of these words does not mean that
the statements are not forward- looking. We have based our forward-looking
statements on management's beliefs and assumptions based on information
available to management at the time the statements are made. Actual results
may differ materially from those expressed or implied by forward-looking
statements as a result of many factors or events, including legislative and
regulatory developments, the effects of competition, financial market
conditions, the timing and extent of changes in commodity prices and
interest rates, weather conditions, changes in our business plan and other
factors we discuss in our filings with the Securities and Exchange
Commission. Each forward-looking statement speaks only as of the date of
the particular statement and we undertake no obligation to update or revise
any forward-looking statement, whether as a result of new information,
future events or otherwise.
SOURCE Reliant Energy, Inc.
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Related links:
http://www.reliant.com
CONTACT:
media, Pat Hammond, +1-713-497-7723, or
investors, Dennis Barber, +1-713-497-3042, both of Reliant
Energy, Inc.
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