november 13, 2007 the evolving roles and responsibilities of gas utilities in today’s markets:...
TRANSCRIPT
November 13, 2007
The Evolving Roles and Responsibilities of Gas Utilities In Today’s Markets:
Giving Customers More Choices
Commerce Energy Group, Inc. (Amex: EGR) is a leading independent U.S. electricity and natural gas marketing company.
We serve residential, small business, commercial and industrial customers located in energy deregulated states.
Commerce Energy, Inc. is licensed by the Federal Energy Regulatory Commission and by state regulatory agencies.
Headquartered in Orange County, California, we also have offices in Houston and Dallas, Texas and Boston, Massachusetts.
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Company overview
Established: 1997
Amex (EGR): July 2004
Fiscal Year: July 31st
Annual Revenue: $372 million (as of 7/31/07)
Employees: 263
Customers: 196,000 (as of 7/31/07)
States Served: 10
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Company facts
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Gas & Electricity
Electricity
Gas
License/Certificate
Strong customer growthCurrent Footprint
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Strong Market Positions Large footprint – serving electricity and gas partners in 10 states Diversified customer mix – residential, small business and C&I Strategic wholesale partners
Unique Presence in California Potential re-opening of CA market offers significant growth
opportunities Established market presence with over 50,000 customers
Consistent customer growth FY 2007 customer growth of approximately 43% Currently 196,000 customers
Company highlights
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Sales & marketing - customersValue to Our Customers
We’re in the business of helping customers control their energy cost
Reseller of natural gas and electric power We own no production or generation
Customer segmentation focus Multi-location commercial & industrial
businesses Hospitality chains School districts Retail outlets
Mass markets Small businesses Residential customers
Choices for Our Customers
Energy is an essential service
Customers are already buying and using energy
High energy cost is on the minds of customers Customers are looking for choices in
controlling their energy costs
We provide rate options not available from the utility Fixed-rate plans are very popular
during periods of high price volatility 85% + of our sales are fixed-rate plans
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Sustainable foundationProgram Overview
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Sustainable foundationProgram Overview
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Sustainable foundationProgram Overview
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Sustainable foundationSure Choice Traditional Energy
Allows customer to choose service plans designed to fit their needs
Smooth out energy price spikes and lock in a competitive rate with a 12- or 24-month Sure Choice fixed- rate service plan
Innovation
Education Learn how to lower energy
cost with online tips and products at the Energy Store
Commitment We promise to educate
consumers on how to control energy costs