Commerce Energy Announces Distribution Date for Previously Announced Dividend and Rights Plan Redemption Payment

  
    
  
  
    
      Commerce Energy Group, Inc. (AMEX:EGR) announced today that December 17, 
      2008 shall be the distribution date for the previously announced cash 
      dividend of $0.084 per share to be paid to the Company’s shareholders of 
      record as of December 11, 2008. In addition to the dividend payment, 
      such shareholders also shall receive an additional payment of $0.001 per 
      right in connection with the redemption of all the outstanding Rights 
      under the Company’s Shareholders Rights Agreement dated July 1, 2004.
    
    
      About Commerce Energy Group
    
    
      Commerce Energy Group was a leading independent U.S. electricity and 
      natural gas marketing company. Its principal operating subsidiary, 
      Commerce Energy, Inc., was licensed by the Federal Energy Regulatory 
      Commission and by state regulatory agencies as an unregulated retail 
      marketer of natural gas and electricity and serves homeowners, 
      commercial and industrial consumers and institutional customers. As a 
      result of a consensual foreclosure, Universal Energy, Ltd. obtained 
      control of Commerce Energy, Inc. on December 11, 2008 because one of its 
      subsidiaries bought the Company’s debt immediately prior to the 
      foreclosure. For more information, see the Company’s Current Report on 
      Form 8-K/A filed with the U.S. Securities Exchange Commission on 
      December 15, 2008.