News



Saturday, May 12, 2001

Good Energy Provides Ivy Equities with Electricity Cost Certainty

Good Energy announced today that it has completed electricity supply consulting services for Ivy Equities, a commercial real estate company with an 18-property Class "A" commercial office building portfolio that spans New Jersey, New York and Connecticut.

With the recent advent of electricity supply deregulation in New York, Ivy Equities wanted to take advantage of energy supply products that could offer savings for their assets, while protecting their investors from lower returns resulting from dramatic increases in electricity supply costs. Good Energy arranged for Ivy Equities a multi-year "Ceiling Price" electricity supply contract that offers more value than "fixed price" electricity supply products along with the budgetary certainty not possible with "variable rate" electricity supply programs.

According to Javier Barrios, Vice President of Good Energy, "We are very pleased to offer cost-controlling products to managers and owners of commercial real estate properties such as Ivy Equities."

Good Energy has experienced rapid growth since energy markets in New York, Ohio, and Pennsylvania have deregulated. Good Energy is one of the leading energy consultants in the United States.

About Ivy Equities

Ivy Equities was established in 1996 to capitalize on opportunities in income-producing real estate arising from the precipitous decline in values during the early 1990's. With a focus on the New York, New Jersey and Connecticut Tri-State Market, Ivy Equities targets undervalued, high grade, income producing commercial properties to buy and manage. Ivy Equities strength is their niche; with a focus on suburban commercial office buildings in the 50,000 to 200,000 square foot range, Ivy Equities has brought an organized investment strategy to a previously inefficient market.