TORONTO, ON / ACCESSWIRE / July 24, 2014 / ONEnergy Inc. ("ONEnergy" or the "Corporation") (TSXV: OEG and OEG.A), a growing provider of energy management products and services to residential, commercial and industrial customers in Canada and the U.S., announced today that its Sunwave Gas & Power Ohio subsidiary has been granted an electric supplier license by the Public Utilities Commission of Ohio.
"We are pleased to be entering the Ohio market, which is a robust and active market for competitive energy choice." said Sunwave's President, Robert Weir. "Ohio homeowners and businesses have benefitted greatly from energy market deregulation, and Sunwave is ready to offer Ohio consumers a new and valuable choice for their energy needs."
Consistent with its communicated strategy, ONEnergy's Sunwave Gas & Power operation has now been licensed in four new energy commodity markets in the United States in 2014.
Subject to completion of utility data interface testing, Sunwave expects to begin offering competitive electric service in Ohio later this year.
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 the northeast U.S. 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 management services including commodity products and energy efficiency products and services including high-efficiency 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.