Viper Networks and Aequitas Energy Announce Successful Electric Service Launch in Connecticut
TROY, Mich.--(BUSINESS WIRE)-- Viper Networks, Inc. (Pink Sheets: VPER), a minority owner in Aequitas Energy, is pleased to announce that Aequitas Energy, Inc., a licensed Connecticut electric supplier, officially launched their retail electric service in Connecticut January 25, 2013.
Due in part to Aequitas Energy's highly competitive generation rate per kWh, the immediate response during the first week has been greater than the company anticipated.
For both leading power companies in the state, Connecticut Light and Power (Cl&P) and United Illuminating (UI) respectively, Aequitas Energy is offering residential and business customers a fixed rate of .0739 cents per kWh through December 2013 with no early termination fees for residential customers.
To review the competitive positioning of Aequitas throughout the State of Connecticut for residential and small to mid-sized commercial customers, see the company's fixed-rate offers at the Connecticut Energy Info center at www.CTEnergyInfo.com.
Out of approximately 40 competing companies or plans, Aequitas Energy ranks first, second or third in total monthly savings amounts across seven service categories covering residential and business customers.
In May 2012, Viper Networks announced that Aequitas Energy was projecting their retail electric service entry by year-end. After meeting all federal and state regulatory and licensing requirements, and contingent testing requirements for new power connections prior to launch and service roll-out, Aequitas Energy is now ready for rapid growth in Connecticut with comparable plans to be announced for Massachusetts, and other deregulated states in the northeastern U.S. region and beyond.
For well positioned companies like Aequitas in deregulated states like Connecticut, the transition for new customers is seamless since service remains uninterrupted and continues from their existing electric utility company. The change of the customer's supplier to Aequitas Energy will simply be listed in the 'supplier line' featured on their regular utility bill. Government regulations require that current utilities must back up the energy supply of the customer's new provider.
Except for historical information herein, this release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from results predicted and reported results should not be considered an indication of future performance.
For Viper Networks, Inc.
Scott Gibson, 407-444-5959
KEYWORDS: United States North America Connecticut Michigan
The article Viper Networks and Aequitas Energy Announce Successful Electric Service Launch in Connecticut originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.