NGI The Weekly Gas Market Report / NGI All News Access

PG&E Energy Services Inks Retail Deal

PG&E Energy Services Inks Retail Deal

PG&ampE Energy Service continued to amass a large collection of retail supply and services contracts last week, adding Lucky Stores and American Drug Stores to a list that includes Safeway supermarkets, Rite-Aid drug stores, McDonald's restaurants, Blockbuster stores, ARCO gas stations Neiman-Marcus department stores and IBM.

The deal with the American Stories subsidiaries is expected to be worth $300 million to PG&ampE Energy. American is the nation's third largest food and drug retailer. The multi-year contract calls for PG&ampE to supply electricity and metering to more than 600 Lucky supermarkets and Sav-on drug stores throughout California. The parties also may expand the contract nationwide to cover more than 1,700 facilities in 27 states.

To date, PG&ampE Energy Services has entered into long-term agreements that in total represent over $2 billion in revenue.

©Copyright 1998 Intelligence Press, Inc. All rights reserved. The preceding news report may not be republished or redistributed in whole or in part without prior written consent of Intelligence Press, Inc.

Comments powered by Disqus