AKRON, Ohio, Oct. 28 /PRNewswire/ -- ChamberChoice, a group purchasing firm serving more than 90 Pennsylvania chambers of commerce, has teamed up with FirstEnergy Solutions, the competitive subsidiary of FirstEnergy Corp. (NYSE: FE), to offer an electric savings program to chamber members in the Penn Power and Duquesne Light service areas. A similar program introduced in the Penelec service area is currently providing savings to more than 3,000 customers.
Participating small business chamber members served by Duquesne Light will receive a fixed price of 6.99 cents per kilowatt-hour (kWh) until October 2013. Members in Penn Power's service area will receive a 10 percent discount off the Price to Compare through their June 2011 meter read date, changing to a fixed price of 6.50 cents per kWh until the June 2013 meter read date. The Price to Compare is the price a customer would pay if receiving electric generation service from the utility.
"We are pleased to offer ChamberChoice organizations these significant savings on their electric bills and provide budget certainty for the next three years," said Arthur Yuan, vice president of Sales & Marketing for FirstEnergy Solutions.
"As a Chamber we are always looking for value-added programs that can benefit our entire membership base," said Mary Bowlin, president of the Allegheny Valley Chamber of Commerce. "In these tough economic times, we are very pleased to find savings on electricity costs for all of our business members, from the small retail shops to large institutions and manufacturers."
This is a limited-time offer and will end on November 5, 2010, or once the program is fully subscribed, whichever occurs first.
To enroll, members of participating chambers can go online to fes.com/chamberchoice or call 1-866-699-9968 to speak to a program representative.
Group purchasing organizations interested in providing a similar program to their members can request information by visiting fes.com/partner-associations.
ChamberChoice provides local chamber of commerce members with business products and services such as individual and group health, dental and vision insurance options, online human resources tools, long-term care insurance, aggregated energy solutions and more.
FirstEnergy Solutions provides competitive electric generation supply and other energy-related products and services to more than one million residential, commercial and industrial customers in Pennsylvania, Ohio, New Jersey, Maryland, Michigan and Illinois.
FirstEnergy is a diversified energy company headquartered in Akron, Ohio. Its subsidiaries and affiliates are involved in the generation, transmission and distribution of electricity, as well as energy management and other energy-related services. Its seven electric utility operating companies – including Penn Power and Penelec – comprise the nation's fifth largest investor-owned electric system based on serving 4.5 million customers in Ohio, Pennsylvania and New Jersey; and its generation subsidiaries control approximately 14,000 megawatts of capacity.
Forward-Looking Statements: This news release includes forward-looking statements based on information currently available to management. Such statements are subject to certain risks and uncertainties. These statements include declarations regarding management's intents, beliefs and current expectations. These statements typically contain, but are not limited to, the terms "anticipate," "potential," "expect," "believe," "estimate" and similar words. Forward-looking statements involve estimates, assumptions, known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Actual results may differ materially due to the speed and nature of increased competition in the electric utility industry and legislative and regulatory changes affecting how generation rates will be determined following the expiration of existing rate plans in Pennsylvania, the impact of the regulatory process on the pending matters in Ohio, Pennsylvania and New Jersey, business and regulatory impacts from American Transmission Systems, Incorporated's realignment into PJM Interconnection, L.L.C., economic or weather conditions affecting future sales and margins, changes in markets for energy services, changing energy and commodity market prices and availability, financial derivative reforms that could increase our liquidity needs and collateral costs, replacement power costs being higher than anticipated or inadequately hedged, the continued ability of FirstEnergy's regulated utilities to collect transition and other charges or to recover increased transmission costs, operating and maintenance costs being higher than anticipated, other legislative and regulatory changes, revised environmental requirements, including possible greenhouse gas emission and coal combustion regulations, the potential impacts of the U.S. Court of Appeals' July 11, 2008 decision requiring revisions to the Clean Air Interstate Rules and the scope of any laws, rules or regulations that may ultimately take their place, the uncertainty of the timing and amounts of the capital expenditures needed to, among other things, implement the Air Quality Compliance Plan (including that such amounts could be higher than anticipated or that certain generating units may need to be shut down) or levels of emission reductions related to the Consent Decree resolving the New Source Review litigation or other similar potential regulatory initiatives or actions, adverse regulatory or legal decisions and outcomes (including, but not limited to, the revocation of necessary licenses or operating permits and oversight) by the Nuclear Regulatory Commission, Metropolitan Edison Company's and Pennsylvania Electric Company's transmission service charge filings with the Pennsylvania Public Utility Commission, the continuing availability of generating units and their ability to operate at or near full capacity, the ability to comply with applicable state and federal reliability standards, the ability to accomplish or realize anticipated benefits from strategic goals (including employee workforce initiatives), the ability to improve electric commodity margins and to experience growth in the distribution business, the changing market conditions that could affect the value of assets held in FirstEnergy's nuclear decommissioning trusts, pension trusts and other trust funds, and cause it to make additional contributions sooner, or in an amount that is larger than currently anticipated, the ability to access the public securities and other capital and credit markets in accordance with FirstEnergy's financing plan and the cost of such capital, changes in general economic conditions affecting the company, the state of the capital and credit markets affecting the company, interest rates and any actions taken by credit rating agencies that could negatively affect FirstEnergy's access to financing or its costs or increase its requirements to post additional collateral to support outstanding commodity positions, letters of credit and other financial guarantees, the continuing decline of the national and regional economy and its impact on the company's major industrial and commercial customers, issues concerning the soundness of financial institutions and counterparties with which FirstEnergy does business, the expected timing and likelihood of completion of the proposed merger with Allegheny Energy, Inc., including the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the proposed merger that could reduce anticipated benefits or cause the parties to abandon the merger, the diversion of management's time and attention from our ongoing business during this time period, the ability to maintain relationships with customers, employees or suppliers as well as the ability to successfully integrate the businesses and realize cost savings and any other synergies and the risk that the credit ratings of the combined company or its subsidiaries may be different from what the companies expect and the risks and other factors discussed from time to time in its Securities and Exchange Commission filings, and other similar factors. The foregoing review of factors should not be construed as exhaustive. New factors emerge from time to time, and it is not possible for management to predict all such factors, nor assess the impact of any such factor on FirstEnergy's business or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statements. FirstEnergy expressly disclaims any current intention to update any forward-looking statements contained herein as a result of new information, future events, or otherwise.
SOURCE FirstEnergy Corp.