FairPoint Energy Expands in New Hampshire; Inks Agreement With PNE Energy Supply

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FairPoint Energy Expands in New Hampshire; Inks Agreement With PNE Energy Supply

Customers to Maintain Same Pricing and Contract Terms Alongside New Opt-in Choices for Green Energy

STAMFORD, Conn.--(BUSINESS WIRE)-- FairPoint Energy, a regional provider of affordable, green retail energy, today announced it has purchased residential and small commercial customer accounts from PNE Energy Supply LLC, a competitive electricity provider for customers in New Hampshire, and will soon begin serving the acquired customer accounts. Following a seamless transfer of accounts, the acquired customers will enjoy the same type of energy services they have received in the past as well as the option to choose green energy. This acquisition is evidence of the momentum FairPoint Energy has built as well as its ability to deliver on its commitment to quality for its customers. FairPoint Energy currently serves customers in Maine and New Hampshire.


"FairPoint Energy strives to be the best possible community partner, providing more options and a competitive pricing structure that ultimately drives down the cost of energy." said Michael Fallquist, CEO of Crius Energy, the parent company of FairPoint Energy. "We are proud to continue to service the local community and expand in New Hampshire."

FairPoint Energy will continue to serve the acquired customers under the same contract length and pricing, with additional opt-in choices including FairPoint Energy's 100 percent green energy product. Customers will continue to be billed by the utility. The only change they will see on their utility bill is FairPoint Energy identified as their energy supplier. The acquired customers will receive a letter providing detailed information.

FairPoint Energy is a subsidiary of Crius Energy and offers retail energy to customers in Maine and New Hampshire. For more information, please visit https://www.fairpointenergy.com/.

About FairPoint Energy

FairPoint Energy, LLC is a subsidiary of Crius Energy LLC, a competitive energy provider that is unaffiliated with FairPoint Communications or its subsidiaries. FairPoint Energy is a local provider of affordable, retail energy that offers 100% green energy options to customers in Maine and New Hampshire. FairPoint Energy was created through a strategic relationship between Crius Energy and FairPoint Communications and uses the FairPoint Energy name under a license agreement with FairPoint Communications, Inc. Through this landmark relationship, FairPoint Communications is the first telecom provider in northern New England to offer retail energy services along with its other service packages including entertainment, Internet and phone. FairPoint EnergySM is a service mark of FairPoint Communications, registration pending.

About Crius Energy

Crius Energy, LLC owns a rapidly growing network of retail energy companies operating in 11 states and the District of Columbia, including Connecticut, Delaware, Illinois, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Ohio and Pennsylvania. Crius Energy's companies service hundreds of thousands of customers in both the residential and the commercial retail energy market. Crius Energy is committed to rapid growth and expansion across all deregulated markets through its diversified channels. The company provides value to customers through a steadfast commitment to innovation, service and building unique, strategic relationships.



Media:
Coltrin & Associates (for FairPoint Energy)
Jennifer Webb, 212-221-1616 ext. 102
Jennifer_webb@coltrin.com

KEYWORDS:   United States  North America  Connecticut  Maine  New Hampshire

INDUSTRY KEYWORDS:

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