Star Energy Partners™ Secures Investment to Expand Operational Footprint in Ohio
-- Capital investment provides for expansion into AEP Ohio and FirstEnergy Ohio service territories
-- Expansion brings competitive energy rates to Ohio residents and businesses
AKRON, Ohio, Feb. 28, 2014 /PRNewswire/ -- Star Energy Partners LLC, a premier provider of electricity and energy related products and services, today announced that it has received an investment that will allow the expansion of its operational footprint and competitive energy rates to residents and businesses in the AEP Ohio and FirstEnergy Ohio service territories.
By June 2014, Star Energy Partners expects to provide electricity service in the Akron, Canton, Columbus, Cleveland, Toledo and Youngstown areas. The company is currently supplying electricity to customers in the Duke Ohio and Dayton Power & Light service territories, which includes Cincinnati and Dayton.
"With this influx of capital, Star Energy Partners can now expand its operations to offer highly competitive energy rates in the AEP Ohio and FirstEnergy Ohio service territories," said Tony C. Banks, Star Energy Partners CEO. "We will continue to expand our existing business in Ohio and to other competitive retail energy markets."
This newly-secured capital will also enable Star Energy Partners to launch a suite of innovative products and services, which will include a carbon footprint analysis of the energy conservation measures that their customers might employ and exclusive membership in their Energy Cost Awareness Program (eCAP™).
Star Energy Partners is developing eCAP™ to help customers identify energy consumption patterns and empower them with the insights they need to further reduce their energy use and expenses. In as early as summer of 2014, Star Energy Partners will offer a complimentary eCAP™ membership to all of their customers.
About Star Energy Partners LLC
Star Energy Partners is a premiere provider of electricity and energy related products and services that help to lower costs for residential and commercial customers. By offering very competitive pricing and cost savings solutions, Star Energy Partners strives to measure success through the value and satisfaction experienced by its customers. More information about Star Energy Partners is available at www.starenergypartners.com.
Safe Harbor Statement
Certain statements in this press release may constitute "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of our control, that may cause our business, strategy or actual results to differ materially from those expressed or implied. Factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to, our ability to perform under existing contracts and obtain additional contracts; our reliance on sales; changes in the timing and/or amount of consumer spending; changes in the supply and/or demand and/or prices for our products and services; changes in the regulatory environment; the activities of competitors; failure of the markets in which we operate to grow; failure to expand into new markets; failure to develop new products or integrate new technology with current products; and general economic and business conditions in the United States. We do not intend, and undertake no obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.
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SOURCE Star Energy Partners