Worcester, Mass.—October 17, 2000—bulbs.com, a privately held e-commerce light bulb supplier, and Nantucket Electric Company today announced that the companies have partnered to offer Nantucket Electric Company customers Energy Star® light bulbs at a significant discount. The offer, available to all residential Nantucket Electric Company customers on the island community of Nantucket, is for the purchase of six Energy Star®, long life energy saving light bulbs from Philips for $9.95, reflecting an instant rebate of $30. The retail value of these light bulbs is $39.95. By using the six energy efficient bulbs, customers could save an additional $160 in electricity costs over the expected four-year life of the bulbs.

"This is a great deal for customers. They can save $30.00 on the spot, plus enjoy monthly savings on their electric bill once the bulbs are installed, replacing traditional incandescent lighting," said Lawrence J. Reilly, president and chief executive officer of Nantucket Electric Company. "Additionally, our partnership with bulbs.com allows our customers to participate in this rebate program using the convenience of the Internet."

"We are very pleased that a leading company like Nantucket Electric Company has selected bulbs.com as its e-commerce partner," said Steven Rothschild, chief executive officer of bulbs.com. "By offering this rebate offer online, Nantucket Electric Company customers won’t have to drive to a store, saving even more energy."

Nantucket Electric Company will alert its customers to the special offer in their monthly electric bills throughout autumn. The rebate offer is open to customers served by National Grid USA’s distribution companies: Massachusetts Electric, Narragansett Electric and Nantucket Electric. Interested customers can take advantage of the offer by visiting www.bulbs.com/ngusa or by calling toll-free, 1-866-642-8527. Customers are asked to have their account numbers ready.


About Nantucket Electric Company
Nantucket Electric Company is an electricity distribution subsidiary of National Grid USA operating in Massachusetts that serves approximately 10,000 customers on Nantucket Island. Nantucket has a year-round population of approximately 6,000 (1990 census) and a seasonal tourist population which peaks at approximately 40,000 during the summer. The company's service area covers the entire island. Nantucket Electric Company can be found on the Web at http://www.nantucketelectric.com.

About bulbs.com
bulbs.com, headquartered in Worcester, Mass. is the only online light bulb supplier to offer an easy, complete purchasing process with its proprietary eSpec™ searchable database and BulbTrack™ smart reordering technology. The company is located at 40 Jackson Street Suite 2000, Worcester, Mass, 01608, and can be reached by telephone at 508-363-2800 or on the Web at www.bulbs.com.