Usource / Avista Advantage Team Up in Pennsylvania
Hampton, NH, August 4, 2000 - Usource www.usourceonline.com, an affiliate
of Unitil Corporation (AMEX: UTL) today announced that it will acquire
competitive energy supply through its Internet auction platform for Avista
Advantage customers in Pennsylvania. Avista Advantage is the nation’s
leading provider of facility billing and information services.
Aggregated electricity requirements for approximately 75 of Avista Advantage’s
customer sites are in the process of being posted.through Usourceonline.com
for bid by multiple suppliers utilizing the Enermetrix.com Energy Exchange.
Unlike many Internet sites that merely compare prices offered by suppliers,
Usource serves as a live auction where pre-qualified suppliers make firm
bids against firm commitments by Commercial and Industrial customers to buy
their electricity and gas. Avista has announced they will post customer
requirements in three different markets through competing Internet sites. The
customers represent several of Avista Advantage’s premier national retail
store accounts.
"The power of our two Internet platforms is the ability to leverage each other’s
strengths and deliver premium value to customers efficiently at low cost,"
said Bob Schoenberger, Unitil’s Chief Executive Officer. "Usource brings the
competitive market to the customer on the customer’s terms in a seamless
electronic process. We welcome this opportunity to prove Usource is a superior
solution to meet customers’ energy needs."
Avista Advantage (www.avistaadvantage.com)
is the nation’s leading provider of
facility billing and information services and offers its sophisticated Advantage
Customer Internet Site (ACIS®) platform to multi-site commercial customers
throughout the United States. Avista Advantage is a subsidiary of the Fortune
500 company Avista Corp., formerly Washington Water Power and employs a diverse
group of individuals with extensive experience in the fields of engineering,
finance, technology and telecommunications, as well as utility management.
Usource, www.usourceonline.com, which was launched last year, provides traditional
and Internet-based energy services to: energy buying groups, commercial, industrial
and institutional customers throughout New York, New England and Pennsylvania.
Unitil is a public utility holding company with subsidiaries providing electric
service in New Hampshire, electric and gas service in Massachusetts and energy
services throughout the Northeast. Its other subsidiaries include Concord Electric
Company, Exeter & Hampton Electric Company, Fitchburg Gas and Electric Light Company,
Unitil Power Corp., Unitil Realty Corp., Unitil Service Corp. and its unregulated
business unit Unitil Resources, Inc. Usource is a subsidiary of Unitil Resources, Inc.
For more information, visit Usource at www.usourceonline.com or call Tony Aguiar at 603-773-6472.
Contact
Tony Aguiar
aguiar@unitil.comCorporate Office
Liberty Lane West
Hampton, NH 03842-1720
800/999-6501