McDonald Hopkins Law Firm Alert: Attention Business Owners: Deregulated Electricity Offers Substantial Savings

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Aug 31, 2010, 02:00 ET

CLEVELAND, Aug. 31 /PRNewswire/ -- Deregulated electricity continues to offer substantial savings for American businesses.

To view the multimedia assets associated with this release, please click http://www.prnewswire.com/news-releases/mcdonald-hopkins-law-firm-alert-attention-business-owners-deregulated-electricity-offers-substantial-savings-101877718.html

For instance, for those businesses located in Northern Ohio, First Energy Solutions (FES) is approaching its existing customers about extending those electric supply agreements that were entered into in mid 2009. These offers of extensions could be for an additional year or two at a new, lower rate. The critical consideration for our clients is that while these lower rate offers may seem attractive, customers will often leave dollars on the table.

In addition, Electricity rate caps are set to expire in parts of Pennsylvania. Those caps have served their purpose in easing Pennsylvania's transition to competitive market pricing. With expiration at the end of 2010, Pennsylvania will now be fully deregulated.

To maximize this savings opportunity for our clients, McDonald Hopkins has chosen to work with an online procurement process to help companies secure the lowest available price by creating transparency and promoting competition for their electric supply business. Rather than accepting a rate from an existing supplier that may appear to be better, companies can utilize this process to help them competitively shop their electricity load with multiple suppliers to achieve the optimum supply agreement. This process is a competitive, online, and transparent procurement process that results in a price offer that is not obligatory and the process can be completed in less than two weeks.

Click below to read the McDonald Hopkins Energy Alert:

Attention Business Owners: Deregulated Electricity Offers Substantial Savings

http://www.mcdonaldhopkins.com/alerts/alert.aspx?id=NOENt1RnY0KlXR1aUczg6A

Click below to watch a video message about Energy Costs: Michael W. Wise, Co-Chair Energy Practice

http://www.mcdonaldhopkins.com/alerts/video.aspx?id=aZ0ZyAKjCkqUS-8wtdSggg

Click below to view our recent webcast: ENERGY 2010 -- Challenges, Opportunities and Cost-Effective Strategies. Post Copenhagen -- What you need to know

http://www.mcdonaldhopkins.com/webcasts/webcast.aspx?id=Qe_z_ZPglUGrTt7BRj6KjA

For more information about this savings opportunity, please contact:
Michael G. Wise
216.430.2034
[email protected]

About McDonald Hopkins

With more than 130 attorneys in Chicago, Cleveland, Columbus, Detroit, and West Palm Beach, McDonald Hopkins is a business advisory and advocacy law firm focused on business law, litigation, business restructuring, labor and employment, government affairs, healthcare, and estate planning. The president of McDonald Hopkins is Carl J. Grassi. For more information, visit http://www.mcdonaldhopkins.com.