Utility Savings & Refund, LLC Announces El Paso Refund Claim Service to Collect $210 Million for California Businesses

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Utility Savings & Refund, LLC has developed a claims service to help California businesses recover money under the El Paso Settlement. $210 million is available to industrial and commercial natural gas customers.

Utility Savings & Refund, LLC has developed a claims service to help California businesses recover money under the El Paso Settlement. The “El Paso Refund Claim Service” is available to commercial and industrial natural gas customers that were part of the “Non-Core” class during the energy crisis of 2000-2001.

The El Paso Settlement provides a total of $1.65 billion in relief to electricity and natural gas rate-payers in California. Included in the settlement is a $210 million cash refund for large natural gas customers. However, eligible companies must file a claim before the deadline to retain their rights. “Many large corporations are ready to file for millions of dollars of damages,” said Charles R. Toca, Manager of Utility Savings & Refund, LLC. “Our service is for the 80% of California businesses that do not have the time or resources to wade through the settlement paperwork, prepare the claim documents and collect the refund.” The final deadline may be as soon as June 2004.

Utility Savings & Refund, LLC is a full-service energy procurement company helping California businesses control their energy costs. The El Paso refund is for non-core natural gas customers that purchased gas from alternate suppliers, like Enron, and paid more than the competitive market price for gas. The El Paso Refund Claim Service is a comprehensive program to collect the refund. For further information, contact Charles R. Toca at 949.474.0511 x203, or link to http://www.elpasorefund.com.

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