Star Energy Partners™ Signs Competitive Energy Supply and Credit Support Agreement

AKRON, Ohio, May 29, 2014 /PRNewswire/ -- Star Energy Partners LLC, a premier provider of electricity and energy related products and services, today announced that it has entered into an agreement with an unnamed, large competitive energy supplier with generating facilities throughout the country, and operations and business activities in the U.S. and Canada. This agreement, which follows Star Energy Partners' recent announcement of its secured investment to help fund its growth, allows Star Energy Partners to accelerate its expansion into additional U.S. energy markets bringing competitive energy rates and services to more consumers.

Support provided by the new energy supply and credit facility enables Star Energy Partners to now offer competitive electricity service to customers in the AEP Ohio service territories, which includes Columbus and surrounding areas. By July 2014, Star Energy Partners expects to provide electricity service in all Ohio choice markets by expanding into the FirstEnergy Ohio service territories including Akron, Canton, 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 supply and credit support agreement in place, Star Energy Partners is now in a position to offer more consumers its fixed rate price protection more quickly," said Tony C. Banks, Star Energy Partners CEO. "For consumers, the benefits of our recent funding and new supplier relationship are very timely in this unpredictable rate environment."

Star Energy Partners offers customers fixed-rate price protection products and services, which is critical to energy consumers in what has become a very volatile energy market. Additionally, the company will offer its customers free membership into its Energy Cost Awareness Program (eCAP™) that helps customers identify energy consumption patterns and empowers them with the insights they need to further reduce their energy use and expenses. Customers of Star Energy Partners will start receiving the benefits of eCAP™ as early as the summer of 2014 when electricity consumption is highest and the benefits of eCAP™ are most impactful.

To learn more about eCAP™ benefits, please visit www.starenergypartners.com/ecap.

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.

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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 LLC