TUSTIN, CA--(Marketwired - Jun 3, 2015) - Premier Holding Corporation (OTCQB: PRHL) today announced that its subsidiary, The Power Company (TPC), has successfully negotiated an agreement between one of its outstanding suppliers and the Township of Niles, Illinois, located just Northwest of Chicago.
The Township of Niles has over 30,000 residents and over 12,000 homes in its 21 square miles including the village of Niles. Residents are automatically transferred to this new supplier or they can opt out. The company estimates this will affect approximately 7,000 to 10,000 residential meters.
TPC was able to consult on the agreement and garnered the township a very competitive rate and extend the budget certainty for their residents for 2 years. And as always, there is no change in service, billing, or response time for the customer. A town meeting was held on April 28th where TPC was part of the presentation to the board and the residents in attendance where their proposal was selected, and will took effect June 1 of this year.
Patrick Farah, managing member at TPC, stated, "We are extremely proud of what we were able to accomplish for Niles. They had a number of choices and TPC was able to provide them the best option for their particular needs. Listening to the client and doing the legwork to find them the best deal is what we do best."
President and CEO of Premier, Randall Letcavage, also stated, "Once again our team at TPC finds new ways to support its clients and expand its business model. Helping an entire community in one fell swoop is the model of efficiency and bodes well for the continued success of the company. I know I repeat myself when I say the team at TPC consistently rises to new levels of performance, and they have proven once again that their infrastructure is scalable and poised for rapid growth."
The Power Company is proving month after month, year after year that its operations, infrastructure and team are capable and positioned to grow its business even beyond its aggressive plans.
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About Premier Holding Corporation
The Company provides financial support and management expertise, which includes access to capital, financing, legal, insurance, mergers, acquisitions, joint ventures and management strategies. The Company's mission is to acquire clean technology companies and/or green products and services that are accretive and that can be seamlessly integrated and utilize the overall economics of such products and services for the benefit of its customers. Through subsidiaries we offer renewable energy production, energy efficiency products and services to commercial middle-market companies, Fortune 500 brands, developers and management companies of large-scale residential developments. Additional integrated business offerings include direct energy services as power purchase agreements (PPAs), energy financing and leasing of generation programs in urban and rural real estate environments, lighting efficiency systems and refrigeration systems. For more information visit PRHL Investors Relations: www.prhlcorp.com.
About The Power Company (TPC)
The Power Company USA, LLC is a professional energy services firm offering brokerage and consulting services with a progressive and unique perspective on energy management based in Chicago, Illinois. Their mission is to assist companies in reducing and managing their electricity expenses. Their diverse portfolio of energy providers, transparent pricing, and unparalleled industry experience offers customers the freedom of exploring all of their options for choosing the best plan and provider. Operating in all currently deregulated states, including Texas, New York and Illinois, TPC and its partners/suppliers have provided an invaluable service to its clients. Their team has consulted and/or serviced such prominent companies, organizations and governmental entities such as: The City of Dallas, Ralcorp, Choice Hotels, Apex Hospital Systems, Mercedes Dealerships, Leona's Restaurant Group, McDonald's, and many others. Because of the large amount of business transacted and their long-standing relationships with Regional Energy Suppliers, TPC is assured to provide the most competitive prices in the industry. For more information visit: www.thepowercompany.com