North American Power

North American Power
North American Power
Industry Electricity and natural gas supplier
Founder Kerry Breitbart
Carey Turnbull
Headquarters Norwalk, Connecticut, United States
Area served
 North America
Key people
 Kerry Breitbart (CEO)
Carey Turnbull (Chairman)
Revenue $256 million[1]
Number of employees
 70+[2]
Website napower.com

North American Power is a retail energy supplier based in Norwalk, Connecticut.

History

North American Power was founded in 2009 by Kerry Breitbart and Carey Turnbull, who were both formerly oil brokers. The company provides electricity and natural gas to residential and commercial customers in select deregulated energy states. The company also sells Renewable Energy Certificates in all 50 states through their American Wind program.[3][4] North American Power formerly used a multi-level marketing model to sell utilities,[5][6] and as of April 2014, they were #47 on the Direct Selling News Global 100.[1] On January 13, 2015, the company announced that it would be terminating the network marketing division of its company. The company promised to continue paying commissions on existing customers/reps. However, no new clients or representatives could be registered.

Maryland Public Service Commission

In January 2011, the Maryland Public Service Commission (MPSC) began an investigation of the company for misleading sales practices.[5] On June 9, 2011, the company was fined $100,000 by the MPSC.[7][8] On August 16, 2013, the commission closed the file after finding that the company had completed the required remedial measures it had agreed to.[9] In a statement, Breitbart attributed the problems to rapid growth, and stated that the company was improved by its re-examined practices.[10]

Awards and recognition

North American Power was placed at #57 on Forbes' list of "America's Most Promising Companies" in 2011.[11]

The company has also received several Stevie Awards in 2012 and 2013,[12][13][14] and CEO Kerry Breitbart received the 2012 Gold Stevie Award for Executive of the Year in the Energy & Utilities category.[15]

References

  1. ↑ 1.0 1.1 "DSN Global 100". DSN. 30 April 2014. Retrieved 25 September 2014.
  2. ↑ "North American Power opens Norwalk HQ". Hartford Business. 22 May 2013. Retrieved 9 January 2014.
  3. ↑ Lee, Richard (August 9, 2011). "North American Power launches wind energy offering". Stamford Advocate.
  4. ↑ Maykuth, Andrew (December 27, 2010). "Choosing renewable energy can now save money as well as power". The Inquirer (Philadelphia).
  5. ↑ 5.0 5.1 Hancock, Jay (February 6, 2011). "Misleading electric ads make case for reregulation". The Baltimore Sun. Retrieved November 4, 2014.
  6. ↑ Hincha-Ownby, Melissa (July 21, 2011). "Renewable energy, network marketing and regulatory woes". Mother Nature Network. Retrieved 4 November 2014.
  7. ↑ Mook, Ben (June 13, 2011). "PSC fines energy seller $100K for deceptive practices". Daily Record (Baltimore, Maryland).
  8. ↑ "Case Number: 9253 IN THE MATTER OF THE COMPLAINT OF THE STAFF OF THE PUBLIC SERVICE COMMISSION AGAINST NORTH AMERICAN POWER AND GAS, LLC". Maryland Public Service Commission. Retrieved September 21, 2013.
  9. ↑ "Order No. 85794". Maryland Public Service Commission. August 16, 2013. Retrieved September 21, 2013.
  10. ↑ Mook, Ben (13 June 2011). "PSC fines energy seller $100K for deceptive practices". The Daily Record. Retrieved 31 October 2013. While the fine is significant, we are grateful to the PSC staff for bringing our attention to these matters and for acknowledging that this was not intentional — it was the result of an early stage company experiencing rapid growth. This process has caused us to re-examine our practices and hire some of the best compliance and energy experts in the business — we are a better company because of it.
  11. ↑ "Forbes - North American Power". Forbes. Retrieved 31 October 2013.
  12. ↑ "Company / Organization Awards Category Stevie Award Winners". Stevie Award. 18 June 2012. Retrieved 19 November 2013.
  13. ↑ "Company / Management Awards Category Stevie Award Winners & Finalists". The American Business Awards. 17 June 2013. Retrieved 24 April 2014.
  14. ↑ "Management Awards Categories Stevie Award Winners". The American Business Awards. 17 June 2013. Retrieved 19 November 2013.
  15. ↑ "Company / Management Awards Category Stevie Award Winners & Finalists". The American Business Awards. 18 June 2012. Retrieved 24 April 2014.

External links