"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.”
Atlanta, GA (PRWEB) February 16, 2010
On January 12th, 2010 Prenova, tfirm responsible for energy purchases for 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 service 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. To be eligible, companies must 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 the highest quality energy management services and arrangements that are transparent– which Prenova’s customers expect.
Brokering over $2 billion in annual energy spend across more than 30,000 locations, Prenova is a one-stop resource for multi-site companies that want to optimize energy spending. Relied on by major national brands in consumer services, including retail, restaurant, hospitality, and grocery, Prenova helps companies reduce energy spend by driving down utility costs and improving energy efficiency. With proven systems that react in real time to changing conditions, Prenova improves profitability, not only across the enterprise, but also at a site level.