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The Boston Globe

Business

Gulf Oil launches an electricity-supply service

Diversifying, fuel seller plans discount rates

Gulf Oil LP has launched an electricity service in Massachusetts, planning to buy power wholesale and sell it to small businesses and households at rates below those available through major utilities.

The Framingham company, which distributes fuel in the Northeast, began­ offering Gulf Electricity here on Monday and expects to make it available in New Hampshire, Rhode ­Island, and New York in coming months, said Rick Dery, a senior vice president for the company.

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