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Gas News Release
November 21, 2001
Nearly Half of Dominion East Ohio Customers Choose Other
Suppliers; Save $86 Million Through Expanded Energy Choice Program
CLEVELAND, OH -- About 49 percent, or nearly half, of Dominion
East Ohio’s 1.2 million customers have opted to purchase natural gas from alternative
suppliers, realizing $86 million in savings in the first year of the system-wide
Energy Choice program expansion, company officials report.
Dominion East Ohio notes that 583,997 customers have chosen
to buy natural gas from participating Energy Choice suppliers. Dominion East
Ohio expects even more customers to participate in Energy Choice in the coming
months. Under Energy Choice, participating customers may choose to purchase
natural gas from approved suppliers, while relying on Dominion East Ohio to
continue delivering that gas to their homes or businesses.
Dominion East Ohio customers also have the option of continuing
to buy natural gas supplies from Dominion East Ohio at the current regulated
cost.
Natural gas commodity costs, the portion of the bill opened
to competition via Energy Choice, account for two-thirds of a customer’s total
bill. Dominion East Ohio does not earn a profit on these natural gas costs,
which it passes directly to customers on a dollar-for-dollar basis. Thus, the
company passes along any gas cost increases or savings directly to sales customers.
Dominion East Ohio encourages customers to explore their
options under Energy Choice. There is no deadline for choosing a different supplier.
Energy Choice is an ongoing program. However, some suppliers may have deadlines
for particular prices or offers.
Customers can receive information, such as the “Apples to
Apples” chart, which provides information on participating Energy Choice suppliers
and their current offers and prices, by calling the Public Utilities Commission
of Ohio’s toll-free Gas Choice Infoline at 1-800-299-7271 or visiting their
website at www.puc.state.oh.us.
Residential customers can direct questions and receive free Energy Choice information
by contacting the Ohio Consumer’s Counsel, toll-free, at 1-877-742-5622 or visit
their website at www.state.oh.us/cons.
To enroll in the Energy Choice program, customers must contact
a supplier directly. The supplier then will officially notify Dominion East
Ohio. Under rules of the program, developed jointly by Dominion East Ohio, the
Public Utilities Commission of Ohio and the Ohio Consumers’ Counsel, Dominion
East Ohio cannot recommend a supplier or sign up customers for any supplier.
The change of suppliers becomes effective approximately 60 days after sign up.
This time period gives suppliers the time they need to secure
gas supplies on behalf of their new customers.
Dominion, headquartered in Richmond, Va., is one of the nation’s
largest producers of energy, with a production capability more than 3 trillion
British thermal units of energy per day. Its 22,000-megawatt generation portfolio
is expected to grow to more than 28,000 megawatts by 2005.
In addition to its more than 4.6 trillion cubic feet equivalent
of natural gas reserves and more than 450 billion cubic feet equivalent of annual
production, Dominion also owns and operates 7,600 miles of natural gas transmission
pipeline with a delivery capability of 6.3 billion cubic feet per day. Dominion
serves nearly 4 million retail natural gas and electric customers in five states.
For more information about Dominion, visit the company’s web site at www.dom.com.
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