LEVCO, Dominion Team Up To Lower Residential
Electricity Bills
NORWALK, Ct. - LEVCO,
a major Fairfield County heating oil distributor, and Dominion, one of the Northeast's
largest energy suppliers, are teaming up so that Connecticut homeowners can
start saving money on electricity. Over 10,000 customers have already signed
up with LEVCO for the plan, which will save customers at least 5 percent every
month on the electricity portion of their CL&P electric bills.
LEVCO has named Dominion Retail, Inc., which has over 835,000
customer accounts in six states, as its electricity supplier. Dominion Retail
is a subsidiary of Dominion, one of the nation's largest producers of energy,
including a 2000 megawatt power station in Connecticut.
Customers will pay 5.225 cents per kilowatt hour. The current
CL&P standard offer generation service rate is 5.643 cents per kilowatt hour
for Residential Rate 1 customers.
CL&P will continue to deliver the electricity to customers,
read meters, send bills, collect payments, provide service and respond to emergencies.
Dominion Retail will supply the electricity. Customers who wish to enroll can
call LEVCO at 1-800-400-5574 to receive an enrollment form.
"LEVCO is proud to offer the opportunity for every
residential CL&P electric consumer to receive lower electric bills," said Ed
Levene, LEVCO's vice president. "There is no cost to sign up, no additional
monthly fees, and individuals may cancel at any time with no fee. Participants,
once enrolled, will receive one lower total bill from CL&P."
Dominion Retail is supplying electricity to nearly 15,000
customers in Massachusetts who previously bought power from one of five utilities
in Masschusetts - Massachusetts Electric, Western Massachusetts and the three
NSTAR utilities - Boston Edison, Commonwealth Edison and Cambridge Electric.
Dominion Retail is still signing up Massachusetts customers.
Dominion, headquartered in Richmond, Va., is one of the nation's
largest producers of energy, with a production capability of more than 3 trillion
British thermal unit of energy per day. Its 22,000-megawatt generation portfolio
is expected to grow to more than 26,000 megawatts by 2005. In addition to its
more than 4.9 trillion cubic feet equivalent of natural gas reserves and more
than 450 billion cubic feet equivalent of annual production, Dominion owns and
operates 7,600 miles of natural gas transmission pipeline with a delivery capability
of 6.3 billion cubic feet per day. The company also operates the nation's largest
underground natural gas storage system, with more than 950 billion cubic feet
of storage capacity. Dominion serves nearly 4 million retail natural gas and
electric customers in five states, and owns a managing equity interest in Dominion
Fiber Ventures LLC. For more information about Dominion, visit the company's
Web site at www.dom.com.
