WILKES-BARRE, Pa., Oct. 3 /PRNewswire/ -- Pennsylvania Enterprises, Inc.
(NYSE: PNT) (PEI) today announced that its nonregulated subsidiary, PG Energy
Services, signed a marketing alliance with CNG Energy Services to market
electricity to 26 counties in eastern Pennsylvania. CNG Energy Services is
one of the nation's largest wholesale power marketers and a subsidiary of
Consolidated Natural Gas Company (NYSE: CNG) of Pittsburgh.
Through this alliance, which will operate under the name PG Energy
PowerPlus, customers will be offered electric savings in addition to reliable,
superior service. In the future, PG Energy PowerPlus plans to offer home
security systems, Internet access, and a variety of products and services for
the home or business.
Thomas F. Karam, President and CEO of PEI, stated, "The PG Energy
PowerPlus alliance enables PEI to seize the tremendous opportunities now
available in the electric industry as a result of deregulation. This alliance
will mean savings to our customers and innovative products and services. We
are proud to align ourselves with one of the most reputable electric marketers
in the United States. PG Energy Services has now doubled the size of its
marketing territory through this alliance and adds electricity to our
Company's array of energy products."
Joseph Petrowski, President of CNG Energy Services, said, "The PG Energy
PowerPlus alliance means CNG Energy Services can rely on PG Energy Services'
reputation and experience in northeastern Pennsylvania. Together, both
companies can compete in the new energy marketplace and bring competitive
prices and dependable service to a potential 1.1 million customers."
CNG Energy Services is one of the nation's largest wholesale natural gas
and electric power marketers. Consolidated Natural Gas Company, the parent
company of CNG Energy Services, owns interests in seven electric power plants
and manages electricity supplies for large industrial companies throughout the
United States. CNG's major subsidiaries include: CNG Energy Services, CNG
Producing, CNG Transmission Corporation, CNG International, and four regulated
gas utilities serving almost 2 million customers.
PEI is a holding company with regulated and nonregulated subsidiaries.
The regulated group consists of PG Energy and its subsidiary, Honesdale Gas
Company, which together provide natural gas to approximately 148,000 customers
in thirteen counties in northeastern and central Pennsylvania. The
nonregulated group consists of Theta Land Corporation and PG Energy Services
and its subsidiary, Keystone Pipeline Services, Inc.
PEI news releases are available by fax machine at 1-800-758-5804 (use
PEI's ID No. 684209).
SOURCE Pennsylvania Enterprises, Inc.
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CONTACT: Albert G. Fereck of Pennsylvania Enterprises, 717-829-8756
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