PowerOptions and Hess Energy Marketing LLC (HEM), a subsidiary of Direct Energy Business LLC, signed a $325 million contract to supply natural gas to its 500 members who are among the Commonwealth’s nonprofits and government institutions.
“This contract is a great opportunity for our customers, with several pricing options. Members can lock in their price for the full term of the contract, creating an ability to better predict their natural gas bills,” said PowerOptions President and CEO Cynthia A. Arcate.
PowerOptions has been providing affordable energy solutions to nonprofits, state entities, cities and towns throughout the Commonwealth area for more than 15 years.
The supply agreement begins in May 2015 and extends to November 2019.
Direct Energy Business signed a similar electric contract worth $175 million with PowerOptions in October 2013.
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