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Article: Ralphs Grocery Company Forms Unique Partnership With New Energy Ventures to Profit from Energy Deregulation
- Article from:
- PR Newswire
- Article date:
- November 13, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LOS ANGELES, Nov. 13 /PRNewswire/ -- Ralphs Grocery Company, capping a year-long review of its energy supply options, has chosen New Energy Ventures as its full-service energy partner in the deregulated electricity market that will open in California January 1, 1998.
Ralphs is the largest supermarket operator in Southern California, with 344 retail stores as well as distribution and food processing centers that require large amounts of electricity to operate refrigeration equipment, pumps, fans, and processing equipment.
"With tens of millions of dollars a year in electricity bills in our California stores, it is essential that we maximize our ...