Liberty Power Signs Agreement with Shell Energy

Liberty Power signs new multi-year supply agreement with leading natural gas and power marketer

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May 13, 2014, 07:57 ET

FT. LAUDERDALE, Fla., May 13, 2014 /PRNewswire/ -- Liberty Power, the nation's largest, completely independent retail electric supplier, today announced their new multi-year supply agreement with Shell Energy North America (US), L.P. (Shell Energy).

Liberty Power's decision to select Shell Energy as its provider for such a critical support service was made after a thoughtful and deliberate due-diligence process, finding the oil and natural gas marketing and trading company to be best positioned to support its evolving needs. Liberty Power will soon begin the process of transitioning to Shell Energy.

"We are very excited about our new agreement with Shell Energy," said David Hernandez, Liberty Power CEO and co-founder. "We look forward to working with such a strong and experienced market leader as we continue to meet the growing needs of our customers."

Liberty Power's new arrangement provides it with added flexibility for transacting and managing energy supplies. The company expects this added flexibility to result in an improved ability to deliver value to its channel partners and customers over time.

"Shell Energy and Liberty Power have a natural connection – we are committed to our customers," said Beth Bowman, Shell Energy North America General Manager. "We are pleased Liberty Power recognizes that Shell Energy is in the best position to help them meet their future needs, delivering added value to their customers for years to come."

Shell Energy is a major energy market participant, marketing more than 11 billion cubic feet (Bcf) of gas each day and 220 million megawatt hours (MWh) of wholesale and retail power annually. The company manages approximately 5,000 megawatts (MW) of generation across North America. Shell Energy has provided structured supply services for more than a decade. Active in all deregulated power and gas markets, it maintains an A-/A1 credit rating.

About Liberty Power
Headquartered in Fort Lauderdale, Florida, Liberty Power is the largest, completely independent, privately-held retail electric supplier in the United States based on 2014 KEMA rankings of electric retailers. The company is also the first minority-owned supplier with a national footprint, and the largest Hispanic-owned energy company in the United States according to Hispanic Business. Liberty Power provides large and small businesses, government agencies and residential customers with low-cost electricity and exceptional customer service.

For more information on Liberty Power, please visit www.libertypowercorp.com

About Shell Energy

Shell Energy is a 100%-owned subsidiary of the Royal Dutch Shell Group of companies (Shell). Shell Energy provides a comprehensive portfolio of physical commodity products, services and solutions designed to meet the needs of its broad customer base. Key offerings include natural gas and power commodity, environmental solutions including carbon management, asset and supply management and structured solutions – supported by some of the most skilled energy professionals in the world. Shell Energy consistently ranks within the top three U.S. natural gas and wholesale power marketers, according to Platts. Additionally, Shell Trading Risk Management, LLC, a subsidiary of Shell Energy North America (US), L.P. offers risk marketing products.

Royal Dutch Shell plc, Shell Energy's parent, is a global group of energy and petrochemical companies with around 87,000 employees operating in more than 70 countries and territories.

For more information on Shell Energy, please visit www.shell.us

Liberty Power is a registered trademark of Liberty Power Corp. LLC encompassing Liberty Power Holdings LLC, Liberty Power Delaware LLC, Liberty Power Maryland LLC, Liberty Power District of Columbia LLC, and LPT LLC, dba LPT SP LLC. Liberty Power is certified and licensed by the Public Utilities/Service Commissions of: CA, CT, DC, DE, IL, ME, MD (IR793), MA (CS-057) MI, NJ (ESL-0001), NY, OH, PA, RI, TX (10118) and VA; as well as the Federal Energy Regulatory Commission.

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SOURCE Liberty Power