SAN RAMON, Calif. -- Chevron Global Marketing said that Chevron Products Co. will forgive unamortized incentive balances, provide gasoline discounts to consumers and repair or replace damaged signs at no cost as part of a new hurricane relief program geared toward supporting Chevron and Texaco marketers and retailers in their rebuilding efforts.
The new program, named Chevron & Texaco Hurricane Area Recovery Effort (CARE), will also feature waiving sign and electronic point-of-sale (EPOS) rental and EPOS connectivity fees to select marketers and [image-nocss] retailers hardest hit by recent hurricanes in Louisiana, Mississippi, Alabama and Texas.
This hurricane relief effort supports our values and longstanding tradition of improving the quality of life in the communities where we live and work, said Danny Roden, vice president of North America marketing. We want marketers, retailers, and consumers to know about our unwavering commitment to supporting the community, especially during this time of need.
Elements of the CARE program include:
Amortization forgiveness: Marketers with sites declared a total loss by district sales teams will have the unamortized portion of incentive repayment obligations forgiven. Sites must be abandoned or rebuilt as Chevron or Texaco. Cash flow support: Sign and Electronic Point of Sale (EPOS) rents, and EPOS connectivity fees will be waived for the months of September, October, November and December for select locations. Sign repair and replacement: Chevron will repair/replace hurricane damaged primary ID and Lighted Price Signs (LPS) signs at Chevron sites where the signs are owned by the company, and provide 100% reimbursement for repair/replacement of hurricane damaged primary ID and LPS signs at Texaco locations supplied by Chevron. Qualifying sites will be selected by the district sales teams. Gas discounts: Qualifying Chevron and Texaco credit cardholders in selected counties/parishes of Alabama, Mississippi, Louisiana and Texas will receive five cents per gallon discount for up to 90 days for approved purchases beginning Nov. 1, 2005, and ending Jan. 31, 2006. The credit will be applied to the cardholder's monthly statement.Chevron Global Marketing is a division of Chevron Global Downstream LLC, a subsidiary of Chevron Corp., San Ramon, Calif. Chevron Products Co. is a division of Chevron USA Inc., a subsidiary of Chevron Corp.Members help make our journalism possible. Become a CSP member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.