5/2/1983 - Jacks Valley Power (JVP) - CORPORATE ANNOUNCEMENT

Jacks Valley Power (JVP) announced an agreement today with an Ohio-based utility company to purchase more than one million megawatt hours of energy annually. The company said the arrangement would provide its customers with continued cost savings over the next five years. JVP estimated that the deal was worth $150 million.

About Jacks Valley Power (JVP):
Jacks Valley Power is an electricity utility. Its subsidiaries sell electricity and natural gas, offer energy management, and provide telecommunications services. Jacks Valley owns some European natural gas transmission and distribution networks.