Sunwave Gas & Power Receives Massachusetts Electric Supplier License


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TSX.V:OEG
06/30/2014 [ACCESSWIRE]

TORONTO, CANADA / ACCESSWIRE / June 30, 2014 / ONEnergy Inc. ("ONEnergy" or the "Corporation") (TSXV: OEG and OEG.A), a growing provider of innovative energy and energy conservation products and services to residential, commercial and industrial customers in Canada and the U.S., announced today that its Sunwave Gas & Power Massachusetts subsidiary has received its electric supplier license from the Department of Public Utilities of the Commonwealth of Massachusetts.

"We are pleased to receive our Massachusetts Competitive Supplier License, and look forward to providing Massachusetts homeowners and businesses with the same great competitively priced energy for which Sunwave is known in other states," said Sunwave's President, Robert Weir.

Subject to completion of utility data interface testing, Sunwave expects to begin offering competitive electric service in Massachusetts during the third quarter of 2014.

About ONEnergy Inc.

ONEnergy, through its Sunwave group of companies (www.gosunwave.com), is a provider of innovative energy and energy conservation products and services to residential, commercial, and industrial customers. Sunwave Gas & Power(TM) provides homeowners and businesses with competitively priced conventional and environmentally-friendly green natural gas and electricity in Ontario and conventional and green electricity in Connecticut and Pennsylvania. Through its Sunwave Home Comfort(TM) division, the Corporation provides residential heating, ventilation and air conditioning sales, rentals and installation as well as tankless and conventional hot water systems and other residential products and services in Ontario, Alberta and Manitoba. Commercial and industrial customers are served by Sunwave's dedicated Sunwave for Business(TM) operation, which provides customers with energy commodity products and energy efficiency products and services including lighting and building envelope upgrades.

ONEnergy shares are listed on the TSX Venture Exchange under the symbols "OEG" for Multiple Voting Shares and "OEG.A" for Subordinate Voting Shares. ONEnergy's website can be found at www.onenergyinc.com.

Mark Lewis

Chief Executive Officer

ONEnergy Inc.

+1 (416) 444-4848

Ray de Ocampo

Chief Financial Officer

ONEnergy Inc.

+1 (416) 444-4848

Ali Mahdavi

Capital Markets & Investor Relations

Spinnaker Capital Markets Inc.

+1 (416) 962-3300

The corporate information contained in this release includes forward-looking statements regarding future events and the future performance of ONEnergy and its subsidiaries that involve risks and uncertainties that could cause actual results to differ materially. Assumptions used in the preparation of such information, although considered reasonable by ONEnergy at the time of preparation, may prove to be incorrect. The actual results achieved may vary from the information provided herein and the variations may be material. Consequently, there is no representation by ONEnergy that actual results achieved will be the same, in whole or in part, as those forecast.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

SOURCE: ONEnergy Inc.  

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