|By Marketwired .||
|February 27, 2014 01:13 PM EST||
HOUSTON, TX--(Marketwired - February 27, 2014) - Champion Energy Marketing LLC, parent of Champion Energy Services, LLC, (www.championenergyservices.com) announced today they entered into a five year agreement with Shell Energy North America (US) L.P. (Shell Energy) for a structured supply arrangement and credit facility, effective February 21, 2014.
The new supply arrangement and credit facility will allow for a strong relationship to be developed with Shell Energy as Champion Energy continues to expand its business. Champion Energy selected Shell Energy due to its significant footprint in both natural gas and power across all US markets along with its strong financial position.
David J. Tudor, Champion's President and CEO said, "This transaction is the first step in Champion's new business plan, positioning the company to continue to provide excellent service offerings to its existing and future customers. As we move forward together, Champion and Shell are focused on opportunities in both retail and wholesale energy that will continue to improve our competitive position."
"Shell Energy is excited to support Champion, and bring new solutions to the company, as it expands its regional footprint and customer base," said Frans Everts, President of Shell Energy North America.
About Champion Energy Services
Houston-based Champion Energy Services is one of the fastest-growing and largest retail electric providers (REPs) in the nation and one of the top REPs never to have been affiliated with a utility. Champion Energy currently serves residential, governmental, commercial and industrial customers in deregulated electric energy markets in Texas, Illinois, Pennsylvania, and New Jersey; governmental, commercial and industrial customers in Ohio, Maryland, New York, Delaware and the District of Columbia; natural gas customers in Illinois and plans to begin serving customers in New England ISO footprint in the second quarter of 2014. The company has ranked "Highest in Residential Customer Satisfaction with Retail Electric Service, Four Years in a Row" according to the J.D. Power 2010-2013 Texas Residential Retail Electric Provider Customer Satisfaction StudiesSM.* Backed by the financial strength of Texas-based Crane Capital, the company currently serves more than 1.3 million residential customer equivalents, with a peak load near 3,200 megawatts. PUCT No. 10098, PA PUC license A-2009-2124113, Ohio PUC certificate 09-166E(1), Illinois (ICC) Docket 10-0168, New Jersey BPU license ESL-0082, Maryland IR-2196, Delaware (PSC) Docket No. 13-262 and District of Columbia EA 2013-14-3.
* For J.D. Power award information, go to www.jdpower.com.
Vice President Market Development and Regulatory Affairs