Dickinson Joins Statewide Electricity Aggregation Organization
June 29, 2007 (Press Release) --
For Immediate Release
June 29, 2007
AUSTIN – Cities Aggregation Power Project (CAPP) announced that the City of Dickinson voted Tuesday to join, becoming the 100th city in Texas to pool its demand for electricity with other CAPP member cities around Texas.
After aggregating cities’ electricity needs, CAPP negotiates for discounted rates that are contracted over long periods, helping municipalities achieve budget certainty – often with considerable savings – for electricity purchases. CAPP’s membership is open to Texas cities and governmental organizations in the deregulated electricity market.
Jay Doegey, chairman of the pioneering organization, said that welcoming its 100th member marks an important milestone for the association.
“Over the past five years, we know that CAPP has saved its member cities some $80 million,” Doegey said. “Those funds remain available for city programs for children and senior citizens, which otherwise could be the first city services to be cut when cities face the brunt of spiking energy rates.
“We take great satisfaction in knowing that CAPP is stabilizing and reducing energy costs for 100 Texas municipalities representing millions of Texans. In today’s volatile energy markets, CAPP’s proactive approach of pooling energy demand, negotiating for lower rates and reducing rising energy costs is a winner.”
Joe Gimenez
713.478.8034
ABOUT CITIES AGGREGATION POWER PROJECT
CAPP is a non-profit group created in 2001 that pools Texas cities’ electric power needs in order to negotiate lower, more stable prices through bulk purchasing. CAPP has some 99 city members that purchase 900 million kWh annually. CAPP member cities are able to create better, more fiscally responsible budgets because of the stable and predictable energy costs available to CAPP members. CAPP is run by a voluntary 10-person CAPP Board of Directors made up of city employees and city officials and meets once a month.
June 29, 2007
AUSTIN – Cities Aggregation Power Project (CAPP) announced that the City of Dickinson voted Tuesday to join, becoming the 100th city in Texas to pool its demand for electricity with other CAPP member cities around Texas.
After aggregating cities’ electricity needs, CAPP negotiates for discounted rates that are contracted over long periods, helping municipalities achieve budget certainty – often with considerable savings – for electricity purchases. CAPP’s membership is open to Texas cities and governmental organizations in the deregulated electricity market.
Jay Doegey, chairman of the pioneering organization, said that welcoming its 100th member marks an important milestone for the association.
“Over the past five years, we know that CAPP has saved its member cities some $80 million,” Doegey said. “Those funds remain available for city programs for children and senior citizens, which otherwise could be the first city services to be cut when cities face the brunt of spiking energy rates.
“We take great satisfaction in knowing that CAPP is stabilizing and reducing energy costs for 100 Texas municipalities representing millions of Texans. In today’s volatile energy markets, CAPP’s proactive approach of pooling energy demand, negotiating for lower rates and reducing rising energy costs is a winner.”
Joe Gimenez
713.478.8034
ABOUT CITIES AGGREGATION POWER PROJECT
CAPP is a non-profit group created in 2001 that pools Texas cities’ electric power needs in order to negotiate lower, more stable prices through bulk purchasing. CAPP has some 99 city members that purchase 900 million kWh annually. CAPP member cities are able to create better, more fiscally responsible budgets because of the stable and predictable energy costs available to CAPP members. CAPP is run by a voluntary 10-person CAPP Board of Directors made up of city employees and city officials and meets once a month.
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