Commerce Energy (CMNR) 8-K Results of Operations and Financial Condition

First Quarter 2008
Earnings Conference

December 17, 2007

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This presentation contains forward-looking statements within the
meaning of the federal securities laws. Forward-looking statements are
based upon management’s belief and assumptions made by, and
information currently available to, management. Our actual

This presentation contains forward-looking statements within the
meaning of the federal securities laws. Forward-looking statements are
based upon management’s belief and assumptions made by, and
information currently available to, management. Our actual

results could differ materially from the results
anticipated in these forward-looking statements
as a result of numerous factors including factors
identified from time to time in our filings with the
Securities and Exchange Commission. Any
forward-looking statement speaks only as of the
date on which such statement is made, and,
except as required by law, we undertake no
obligation to update any forward-looking
statement to reflect events or circumstances
after the date on which such statement is made
or to reflect the occurrence of unanticipated
events.  New factors emerge from time to time,
and it is not possible for management to predict
all such factors.

results could differ materially from the results
anticipated in these forward-looking statements
as a result of numerous factors including factors
identified from time to time in our filings with the
Securities and Exchange Commission. Any
forward-looking statement speaks only as of the
date on which such statement is made, and,
except as required by law, we undertake no
obligation to update any forward-looking
statement to reflect events or circumstances
after the date on which such statement is made
or to reflect the occurrence of unanticipated
events.  New factors emerge from time to time,
and it is not possible for management to predict
all such factors.

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Forward-looking

statements

Copyright© 2007 Commerce Energy, Inc. All Rights Reserved

The Commerce Energy Logo and Clear Choice Clean Energy Logo  is a trademark of Commerce Energy Inc.

The Green-e logo is a registered trademark of Center for Resource Solutions

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Opening Remarks

Steven Boss, CEO

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1st quarter 2008

• Financial Highlights

ШNet Revenue increased to $105.6 million, 50%
increase

ШGross Profit up 63% to $16.4 million

•Continued Customer Growth

Ш194,000 customers as of October 31, 2007

Ш20% increase over October 31, 2006

•FY 2008 Earnings and Year-End Customers

ШEarnings estimate $6.1 - $6.6 million

ШEquals $0.20 - $0.22 EPS

Ш8% - 10% customer growth

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•20% increase in customer count over 10/31/06

•22,000 gross customer adds in Q1 ‘08

 FY 2006 

 FY 2007  

 FY 08 

customer count
     quarter-to-quarter comparison

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Financial Review

Bob Hipps, Interim CFO

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$(1.1)

$0.4

1st quarter ($ in millions)

•Net revenue up 50%; Gross profit up 63%

•Operating expenses up 72%

Net income (loss) ― $(1.1)

net income (loss)

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Net Revenue ―     $35.150%

        Gas 

        DTH 

  878K       41%

$70.5

$105.6

1st quarter ($ in millions)

$54.8

$15.7

$84.2

$21.4

net revenue

    Electricity 

        MWh

258K    56%

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        Gas 

$0.3    18%

Gross Profit ―       $6.363%

1st quarter ($ in millions)

$10.1

$16.4

$8.4

$ 1.4

$15.0

     Electricity

$6.6     79%

$1.7

gross profit

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Sales & Marketing ―

$1.776%

$3.9

$2.2

1st quarter ($ in millions)

$13.5

$7.8

G & A ― 

$5.7     71%

operating expenses

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($ in thousands)

cash & liquidity

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Closing
Comments

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•194,000 Customers

•Gross profit up 63% to $16.4 million

1st quarter 2008 summary

•Net revenue increased 50% to $105.6 million

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