No ValueNew Power Company
January 2002 - The New Power Company is offering a renewable energy option to Pennsylvania electricity customers in the PECO service territory. The 100% renewable energy product, generated from landfill gas facilities, is available to residential customers under a one-year fixed rate plan for 7.5¢/kWh, which represents a premium of 1.74¢/kWh over PECO's average price to compare.
Additional Information - Pennsylvania Office of Consumer Advocate's Electricity Price Comparison Charts for the PECO Service Territory
New Power Contact: Gael Doar (914) 697-2451
November 2000 - The New Power Company announced plans to market a wind energy product to customers in the Philadelphia area. The company will become the first competitive marketer to offer green power in fixed kilowatt-hour blocks, which allows customers to select the amount of green power they want to purchase. The wind power will be supplied by Community Energy, Inc. from new wind turbines under development in northeast Pennsylvania and scheduled to come on-line by the end of 2001.
In October, The New Power Company was selected by PECO under a state requirement to provide default service to nearly 300,000 of the utility's residential customers that have not selected a competitive energy services provider. The "default supplier" must also provide 2% of the power from renewable resources. The new wind energy offering will allow customers to supplement the renewables contained in the default supply.
News Release - The New Power Company to Offer 'Green' Power to Consumers in Pennsylvania - No longer online at Yahoo.com
News Release - The New Power CompanyTM To Serve up to 299,000 Residential Customers in Pennsylvania - No longer online
TNPC Contact: Gael Doar, (203) 531-0400
May 2000 - A group of companies led by Enron, IBM, and America Online (AOL) have formed The New Power Company, which is being billed as "the first national supplier of energy and related services to residences and small businesses in deregulated markets." The company will make extensive use of IBM's e-business and information technology capabilities and AOL's customer base, as well as Enron's established position in energy commodity pricing and risk management, to offer customers "value and choice" in competitive markets.
The New Power Company plans to begin retail marketing in New Jersey and Pennsylvania in the latter half of this year and eventually expand to all 24 states that have opened their electric markets to competition. A company spokesperson told the Green Power Network that it is likely the company will include green power in its portfolio of product offerings.
News Release - Introducing The New Power Company, the First National Residential and Small Business Energy Service Provider - No longer online at Yahoo.com
News Article - Partners to compete on Peco turf - No longer online at philly.com
News Article - AOL, IBM plug into power industry - No longer online at Yahoo.com
NPC Contact: Kathy Johnson (203) 531-0400