Article: Introducing The New Power Company, the First National Residential And Small Business Energy Service Provider.

Strategic Investors and Partners Include Enron, IBM and America Online

H. Eugene Lockhart Named President and Chief Executive Officer

GREENWICH, Conn., May 16 /PRNewswire/ --

The New Power Company, the first national residential and small business energy provider in deregulated markets, was launched today with strategic investors and partners, including Enron Corp. (NYSE: ENE), IBM (NYSE: IBM) and America Online, Inc. (NYSE: AOL). Currently, electricity and natural gas markets are deregulated in 24 states.

With an initial investment in excess of $120 million, The New Power Company, an independent company, will be headed by H. Eugene ...

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