Houston, Texas (PRWEB) April 18, 2007
Fueled by its success of providing low-cost electricity to businesses and homeowners in Texas since 2002, Gexa Energy has launched the first phase of an aggressive growth strategy that calls for the retail electric provider to enter several deregulated markets in the Northeast.
The Texas-based indirect subsidiary of FPL Energy has initiated its expansion plans by offering service to commercial and industrial customers in Maine and Massachusetts. Plans also call for the company to enter Illinois, Maryland, Connecticut and New Jersey.
"The competitive environment is quite favorable for retail electric providers in the region," says Larry Boisvert, Vice President, Market Development for Gexa Energy. "We're confident our choice of products - coupled with competitive pricing - will be well received. In fact, the early response in Maine and Massachusetts has been very positive."
Gexa Energy initially will target mid-sized and larger-sized commercial customers in the Northeast with demand above 20 kW per month, according to Boisvert. These include office buildings, retailers, and manufacturing facilities, among others.
The company will offer fixed-rate and variable-priced products with month-to-month, one-year and multi-year contract terms. Gexa Energy also will offer businesses "green" products backed by FPL Energy's substantial wind and hydroelectric portfolio.
Its parent company, FPL Energy, is the largest U.S. generator of wind power and operates the world's largest solar fields. It also is a leading producer of hydroelectric power.
About Gexa Energy
Gexa Energy (PUCT # 10027), the retail subsidiary of FPL Group, is one of several retail electric providers servicing homeowners and business throughout Texas. Having entered the Texas deregulated energy market in 2002, Gexa Energy is one of the fastest-growing retail electricity providers in the nation, serving close to 200,000 customers in Texas alone. In 2007, the company initiated service for commercial and industrial customers in the Northeast.
FPL Energy owns and operates over 4,300 MW of electric generation in Texas, with more wind generation than any other retail electric provider in the state. In the Northeast, FPL Energy owns and operates over 2,900 MW of electric generation.