Green Mountain Energy Company announced that it is offering retail customers in Texas a green power product generated exclusively from in-state wind energy projects. Up to 5% of each customer class living in an investor-owned utility service territory is eligible to participate in the state's retail choice pilot program, which begins in June. Full retail competition is scheduled for January 1, 2002.
Green Mountain has priced the product at a fixed rate of 9.2¢/kWh for customers in the TXU Electric & Gas and Texas-New Mexico Power Company service territories, and 9.8¢/kWh for customers in the Reliant Energy service territory. Green Mountain will also charge a $4.95 monthly service fee. Green Mountain customers will earn discounts and special offers from local educational and corporate institutions through the company's Power Perks program.
News Release - Green Mountain Energy Company Announces 100% Clean Wind Power Product for Texas Electric Customers
News Article - Will Texans buy it? - Subscription required at dallasnews.com
Additional Information - Texas PUC Rate Comparison Web Page