REMCO Energy - Landlord Utility Bill Adjustments Are Fertile Grounds For Handsome Profits

PRINCETON, N.J., Jan. 14 /PRNewswire/ -- On January 14th, 2010, REMCO is introducing "PAL" -- (Prepaid Audit of Landlord Utility Charges) -- A new program for multi site retail chains that levels the playing field with the mall landlord.

Mall landlords find utility bill adjustments a fertile ground for making handsome profits at the expense of their tenants.

"As landlords perform under pressure to maintain profits during a struggling economy the likelihood of them overcharging their tenants on utility expenses is on the rise. We've seen increases, not only in the amount, but in the  number of utility bill adjustments and back billings for prior years. Moreover, these adjustments are so confusing and baffling to most retailers that they end up paying the adjustment," said Mary Ann Milsop.

In reality, most retailers do not have access to an outside consulting firm which specializes in analyzing the landlord's utility bill adjustments, so they end up paying whatever the landlord says they owe; which very well may be higher than the actual charge.

REMCO's new PAL program will level the playing field between the retail tenant and the landlord. If the retailer is not in agreement or satisfied with the landlord's increase they will now be able to send the adjustments directly to our engineering department for review.

This is how the service works-

With our patented software, REMCO's engineers will review any landlord year end adjustments or increases in the retailer's utility charges that are over 10%. In the event, there is an overcharge our engineers will provide the retailer with a fully documented claim to be sent to the landlord based upon their stores lease language.  REMCO will handle the retailer's claim against the landlord until it is settled.

"REMCO Energy has been helping retailers reduce utility expenses since 1984. The landlords know who we are. They also know they can't get away with over charging our retail clients,"  said Mary Ann Milsop.

REMCO Energy Solutions offers a suite of products and services designed to proficiently audit, manage, reduce, control, and pay utility expenses in a manner that turns lost profits into revenues.

Mary Ann Milsop is President, REMCO Energy Solutions, 5 Independence Way, Princeton, NJ 08540; 866-523-0722, fax 609-333-1803, www.remcoinc.com.

SOURCE REMCO Energy Solutions