Strategic Energy Leads Effort to Protect Customer Interests
PITTSBURGH, PA, May 24, 2006 – Strategic Energy L.L.C., a leading supplier of retail electricity in competitive markets, today introduced a “Statement of Principles for Marketing Retail Electricity” for New York customers. The new principles were developed by Strategic Energy in association with other industry participants, and adopted by more than 21 other Energy Services Companies (ESCOs) marketing electricity in New York State.
The new principles establish consistent standards of behavior for the protection of New York customers, who can now approach the benefits of electric competition with added confidence.
The NY Public Service Commission–was very pleased that the ESCO community has developed a voluntary Statement of Principles, which should provide added comfort to customers who are considering switching to alternative suppliers for electricity and natural gas.The NYPSC plans to reach out to all of the ESCOs who have decided not to participate in this voluntary ESCO undertaking to determine why they have chosen not to be included in this important effort.
“We have always been committed to working with our customers in the most trustworthy and ethical manner,” said Shahid Malik, President and CEO of Strategic Energy, LLC. “The Principles for Marketing Retail Electricity were developed to reinforce that commitment. It’s critical that New York business owners feel confident about pursuing the benefits of electricity competition.Our statement of principles is our commitment to New York, and other markets, that we will operate with only the highest ethical standards.”
The overarching concepts of the Principles are (1) protection of residential and small business customers participating in the deregulated energy market from unscrupulous practices, (2) promotion of the effective transition to full retail energy competition, and (3) building and maintaining customer confidence in the retail electricity industry. “We are proud of our record of marketing with integrity in the New York market and all the markets we serve across the nation,” added Mike Young, EVP Sales of Strategic Energy, LLC. “Customers who work with companies that have adopted these principles should feel assured that the information they receive is accurate and reliable, and the companies’ practices are lawful as well as ethical.”
A complete version of the Principles for Marketing Retail Electricity can be found on the Strategic Energy website at https://www.strategic-energy.com/StatementofPrinciples_.php.
About Strategic Energy L.L.C.
Strategic Energy, headquartered in Pittsburgh since 1986, is a leading supplier of retail electricity in competitive markets.For a management fee, Strategic Energy buys wholesale power for direct delivery to retail customers.The company operates in ten states with retail choice, including California, Connecticut, Maryland, Massachusetts, Michigan, New Jersey, New York, Ohio, Pennsylvania and Texas.Strategic Energy is a wholly owned subsidiary of Great Plains Energy (NYSE: GXP).The company’s website is www.strategic-energy.com.
