Bill Cronin Joins The New Power Company

Apr 02, 2001, 01:00 ET from The New Power Company

    PURCHASE, N.Y., April 2 /PRNewswire/ -- The New Power Company(TM), a
 subsidiary of NewPower Holdings, Inc. (NYSE:   NPW), the first national
 residential and small business energy provider, today announced that Bill
 Cronin has joined the Company as Managing Director, Risk Control, a newly
 created position.
     Mr. Cronin, age 38, comes to NewPower from Phibro Inc., a subsidiary of
 Citigroup Inc., where he spent several years in the positions of Chief
 Financial Officer and Head of Business Development as well as Treasurer and
 Chief Credit Officer.
     "We are very fortunate to have an individual with Bill's experience to
 lead and develop the risk strategy and manage risk and credit control for our
 company," said H. Eugene Lockhart, The New Power Company's president and chief
 executive officer.  "Our unique strengths in regulatory and risk management
 mean stable, reliable and lower-cost energy for our customers."
 
     About NewPower Holdings, Inc.
     NewPower Holdings, Inc. (NYSE:   NPW), through its subsidiary, The New Power
 Company, http://www.newpower.com, is the first national provider of
 electricity and natural gas to residential and small commercial customers in
 the United States. The Company offers consumers in restructured retail energy
 markets competitive energy prices, pricing choices, improved customer service
 and other innovative products, services and incentives.
 
 

SOURCE The New Power Company
    PURCHASE, N.Y., April 2 /PRNewswire/ -- The New Power Company(TM), a
 subsidiary of NewPower Holdings, Inc. (NYSE:   NPW), the first national
 residential and small business energy provider, today announced that Bill
 Cronin has joined the Company as Managing Director, Risk Control, a newly
 created position.
     Mr. Cronin, age 38, comes to NewPower from Phibro Inc., a subsidiary of
 Citigroup Inc., where he spent several years in the positions of Chief
 Financial Officer and Head of Business Development as well as Treasurer and
 Chief Credit Officer.
     "We are very fortunate to have an individual with Bill's experience to
 lead and develop the risk strategy and manage risk and credit control for our
 company," said H. Eugene Lockhart, The New Power Company's president and chief
 executive officer.  "Our unique strengths in regulatory and risk management
 mean stable, reliable and lower-cost energy for our customers."
 
     About NewPower Holdings, Inc.
     NewPower Holdings, Inc. (NYSE:   NPW), through its subsidiary, The New Power
 Company, http://www.newpower.com, is the first national provider of
 electricity and natural gas to residential and small commercial customers in
 the United States. The Company offers consumers in restructured retail energy
 markets competitive energy prices, pricing choices, improved customer service
 and other innovative products, services and incentives.
 
 SOURCE  The New Power Company