New Power Company to Serve Ohio
TNPC Inc., parent of The New Power Company, the first national residential and small business energy provider, has received its certificate as a competitive retail electric service provider from the Public Utilities Commission of Ohio. The New Power Company will begin to serve electric customers in Ohio in 2001.
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The New Power Company was formed by Enron, the largest trader and marketer of electricity and natural gas in North America. The company began acquiring electricity customers in select utility markets in Pennsylvania and New Jersey in October. The New Power Company has acquired 285,000 customers in eight states from the subsidiaries of Columbia Energy Group, which includes approximately 120,000 natural gas customers in Ohio. In addition, the company has been awarded 299,000 electricity customers by PECO Energy Company under its "Competitive Default Service" program.
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