Large retailers urge Bush to support electricity competition
Washington (Platts)--16May2005
A group of large retail chains Monday urged President Bush to promote the development of competitive electricity markets throughout the US. In a letter, the retailers said their experience with competitive markets in the country has been positive and has saved their customers money. "Our companies' experiences reflect that well-designed, competitive electricity markets allow our businesses to recognize substantial savings on electricity costs, which can, in turn, be passed on to customers through lower-cost consumer goods and services," the stores said. "Fostering legislative and regulatory policies which allow commercial electricity users to manage their energy purchases is critical to achieving such savings." Stores signing the letter include 7-Eleven, A&P, Best Buy, Wal-Mart, RadioShack, JCPenny and Big Lots Stores. The letter is being distributed by the Compete Coalition, a pro-competitive lobbying group created by merger partners Exelon and PSEG, as well as Reliant Energy, Mirant, Constellation Energy and Sempra Energy. Although the letter is short on specifics, it is noteworthy, a Compete official said, because it marks the first time these stores have come together nationally in support of electricity competition. "These guys are all finding enormous benefits on the retail [competition] front," said Joel Malina, an executive with Wexlar & Walker who is heading up Compete. This story was originally published in Platts Electricity Alert http://www.electricityalert.platts.com
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