Building Owners Charged Up About Deregulation

FT. WORTH-Texas building owners are making out their lists and checking them twice to decide which retail electric provider is a good match for the up and coming deregulation that goes into effect Jan. 1, 2002.

Bass Enterprises Production Co. Fort Worth and Crescent Real Estate Equities Co., also Ft. Worth, have office buildings in a pilot program to test the waters. Bass already has pared its providers’ list to four while Crescent expects to do the same by early next week. Still, it’s not an easy decision, but is one that seems to be carrying a guaranteed cost savings to building owners and tenants, say executives from both companies.