April 18, 2014 9:56 PM ET

Electric Utilities

Company Overview of Energy Plus Holdings, LLC

Company Overview

Energy Plus Holdings, LLC markets and supplies electricity for homes and businesses in Connecticut, Illinois, Maryland, New Jersey, New York, Pennsylvania, Ohio, Massachusetts, and Texas. The company was founded in 2007 and is based in Philadelphia, Pennsylvania. As of September 30, 2011, Energy Plus Holdings, LLC operates as a subsidiary of NRG Energy, Inc.

3711 Market Street

9th Floor

Philadelphia, PA 19103

United States

Founded in 2007

Phone:

877-232-7052

Key Executives for Energy Plus Holdings, LLC

Chief Financial Officer
Senior Director of Legal & Compliance and Assistant General Counsel
Managing Director of Wholesale Supply Operations
Managing Director of New Business Development
Compensation as of Fiscal Year 2013.

Energy Plus Holdings, LLC Key Developments

Energy Plus Holdings, LLC Expands Service to Massachusetts

Energy Plus Holdings, LLC announced that it has expanded its service to the residents of Massachusetts. NSTAR, National Grid and WMECo customers now have a new choice when it comes to buying electricity -- a choice that delivers unique rewards such as airline, hotel, and retail loyalty program miles and points as well as cash back.

Sanford Wittels & Heisler LLP Files Lawsuit Against Energy Plus Holdings, LLC and Energy Plus Natural Gas LP

Sanford Wittels & Heisler LLP filed a class action complaint in U.S. District Court in New Jersey against Energy Plus Holdings LLC and Energy Plus Natural Gas LP (Energy Plus) for perpetrating an illegal bait-and-switch scheme that has deceived and defrauded thousands of New Jersey consumers of millions of dollars. Sanford Wittels & Heisler represents Kearny, NJ resident Yue Yu and a class of similarly situated New Jersey Energy Plus customers. The class consists of thousands of New Jersey residents and businesses whom the Pennsylvania-based company deceives in New Jersey. Mr. Wittels added that Energy Plus is believed to engage in the same tactics in the other states where the company does business, including Connecticut, Illinois, Maryland, Massachusetts, New York, Ohio, Pennsylvania, and Texas. Ms. Yu was enticed by Energy Plus' deceptive claims to switch her electricity and natural gas service to the company in September. Between November and April, she incurred more than $200 in overcharges for her energy supplies, billed at a rate about 70% above the market rates over the 6-month period. When she discovered the magnitude of the difference between the rates promised by Energy Plus and the rates she was actually billed, Ms. Yu switched her service back to PSE&G. The proposed class has two subclasses. The first subclass comprises New Jersey customers of Energy Plus Holdings LLC who switched to the company for electricity services; the second comprises New Jersey customers who used Energy Plus Natural Gas LP as their natural gas supplier. Ms. Yu's claims are typical of the claims of the class. The complaint alleges that both Energy Plus companies violated the New Jersey Consumer Fraud Act, breached the covenant of good faith and fair dealing integral to all contractual agreements, and received unjust enrichment by taking money that belongs to Ms. Yu and the class members. The complaint asks for a class action declaration; an award of compensatory damages to Ms. Yue and class members; treble damages, as allowable under state law; an order enjoining Energy Plus from continuing to implement its deceptive, illegal and unlawful trade practices and schemes; pre- and post-judgment interest on damages awarded.

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