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Enron Mail |
FYI.
---------------------- Forwarded by Jeff Dasovich/SFO/EES on 08/16/2000 04:08 PM --------------------------- Bruno Gaillard 08/16/2000 03:47 PM To: Jeff Dasovich/SFO/EES@EES, Harry Kingerski/HOU/EES@EES, Mona L Petrochko/SFO/EES@EES, Susan J Mara/SFO/EES@EES, James D Steffes/HOU/EES@EES, Sandra McCubbin/SFO/EES@EES, Roger Yang/SFO/EES@EES cc: Subject: FW: First flat rate out of the chute = Tenderland Orange County/State briefs: Truckee firm offers cut-rate electricity August 16, 2000 Orange County Register A Truckee company is selling electricity for 8 cents per kilowatt hour, far less than what many south Orange County residents have been paying this summer. TenderLand Power Co. will guarantee the flat rate for a year, starting Oct. 1, for up to 60,000 customers. That equates to roughly 5 percent of all the customers now using San Diego Gas & Electric Co. This week, SDG&E is selling electricity for 17.6 cents per kilowatt hour. Residents may want to wait before switching, because a cut in SDG&E bills could be in the offing, said Jodi Beebe at the Utility Consumers' Action Network in San Diego. TenderLand Invites 60,000 Electricity Customers to Opt Out of Electric Rate Crisis 08/15/2000 Business Wire (Copyright © 2000, Business Wire) TRUCKEE, Calif.--(BUSINESS WIRE)--Aug. 15, 2000--TenderLand Power Company has invited 60,000 California electricity customers on a first-come, first-served basis to choose TenderLand, receive a flat electric generation rate, and stand up for their right under deregulation to switch away from San Diego Gas & Electric, thereby completely opting out of the rate crisis being experienced by SDG&E customers. In response to the high electric rates in San Diego, the California Legislature as well as the California Public Utilities Commission has proposed laws and procedures which create a deferred payment plan disguised as a lower, or "frozen" fixed electric rate plan. The proposed directives may require even those electric customers who switch or plan to switch from SDG&E to pay for the costs of this "electric rate loan" whether or not they receive their power from an alternative electric service provider like TenderLand. Clearly, such a situation would infringe upon the rights of electric ratepayers participating in a deregulated electricity market, as they may still be forced to pay added costs for expensive energy purchased by their local electricity distribution utility (like SDG&E) and consumed by the utility's own customers. "TenderLand views this possible situation as unfair to ratepayers who have benefited by deregulation and exercised their right to choose, or plan to choose an alternative electric service provider," said TenderLand Chief Financial Officer Ken Keddington. "TenderLand is committed to taking all possible action to protect its customers from these possible additional costs while providing a renewable energy option." "When California electricity customers choose TenderLand to receive renewable power at a true flat electric generation rate, they will also join TenderLand's crusade against passing added costs to those who want to opt out of the statewide electric rate crisis, especially noticeable in San Diego, by switching to alternative electric service providers." The flat rate offer is limited to the first 60,000 new residential and commercial customers who sign up with TenderLand. For more information, call toll free at: 877/872-0932, or sign up on TenderLand's website at www.TenderLand.com. TenderLand Power Company, Inc. provides its customers with 100% renewable power and is committed to furthering the development of new renewable generation nationwide. The company is headquartered in Truckee, Calif., began retail operations in April 1999, and serves customers throughout most of California. CONTACT: TenderLand Power Company Marsha Zeller, 530/587-9295 Marsha@TenderLand.com 18:43 EDT AUGUST 15, 2000
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