Posted: Feb 18, 2010

Prenova Meets Strict Illinois Requirements for Energy Services Providers

ATLANTA, GA – February 18th, 2010 – On January 12th, 2010 Prenova, the energy management services firm providing energy procurement to companies like Burger King, Cricket Communications, DaVita, and The Home Depot, was granted service authority as an energy supply management vendor for third-parties in the State of Illinois under Administrative Code 454. To date, only a fraction of the companies to have applied have been granted this authority. Receiving this license not only ensures Prenova can continue to provide energy management services to customers operating within the state of Illinois, but also demonstrates the company’s commitment to be a leader in the area of regulatory compliance.

“Prenova filed an application to be licensed in Illinois soon after learning of the emerging energy management services requirement, which we have been tracking for some time” commented Vice President and General Counsel Philip “Whit” Engle. He added that, “We knew that the Illinois Commerce Commission (ICC) was going to be very strict about monitoring energy services providers, and we knew that letting our customers down was not an option. In the end, our track record of honesty and compliance spoke for itself, and we’re proud to have earned our license.”

To operate within the state of Illinois, companies must meet certain requirements and adhere to a defined code of conduct. Those eligible have proven experience in the electric utility industry and in enterprise management. Furthermore, companies must provide annual reports to the ICC and disclose all service and pricing information to customers in “plain language.” This ensures highest quality energy management services and arrangements that are transparent– which Prenova’s customers expect.