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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.

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