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Commerce Energy Group Names David Yi As Chief Risk Officer

Posted on: Wednesday, 7 May 2008, 06:00 CDT

Commerce Energy Group, Inc. (Amex:EGR), a leading U.S. electricity and natural gas marketing company, today announced it has named David J. Yi as chief risk officer.

Most recently, Yi was director of Accounting and Risk Control for Pacific Summit Energy LLC, a subsidiary of Sumitomo Corp. Previously, Yi served as chief credit officer for Cook Inlet Energy Supply, LLC, a multi-billion dollar North American energy supply services company that was purchased by Macquarie Bank of Sydney and renamed Macquarie Cook Energy. He has also held leadership positions with GearyEnergy, LLC and Southern California Edison.

"Dave brings a wealth of energy industry experience to our company and has a stellar reputation in the credit world," said Chairman and Chief Executive Officer Gregory L. Craig. "I worked with Dave for 10 years at Cook Inlet. We are fortunate to have an individual of his experience and reputation as part of our organization."

Yi earned a bachelor of arts degree in business economics from the University of California, Los Angeles, and completed the Minority Business Entrepreneur Program at Dartmouth College. He is a past president of the International Energy Credit Association (IECA).

About Commerce Energy Group, Inc.

Commerce Energy Group, Inc. (Commerce) is a leading independent U.S. electricity and natural gas marketing company, operating through its wholly-owned subsidiaries, Commerce Energy, Inc. and Skipping Stone Inc. Commerce is publicly traded on the American Stock Exchange (Amex) under the symbol: EGR. Commerce Energy, Inc. is licensed by the Federal Energy Regulatory Commission and by state regulatory agencies as an unregulated retail marketer of natural gas and electricity to homeowners, commercial and industrial consumers and institutional customers.

Headquartered in Orange County, California, the company also has an office in Dallas, Texas, as well as several area offices located around the U.S. For nearly a decade, customers have relied on Commerce to deliver competitive pricing, innovative product offerings and personalized customer service, in addition to quality gas and electric services. For more information, visit www.CommerceEnergy.com.

Source: Business Wire

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