FES won’t be supplying power to NOPEC customers after December 31, 2016. The split has turned into a legal battle being fought in a Summit County courtroom. At the heart of the dispute: whether or not NOPEC is allowed to cash a multi-million dollar check from a line of credit setup in 2010 as one of NOPEC’s conditions for entering into its agreement with FES. The line of credit was meant to act as an insurance policy in case FES went out of business, was acquired or could not supply the discounted power to the consortium’s customers. The Plain Dealer’s John Funk wrote an article on November 1, 2016 outlining customer options.
Basically, customers can sit back and do nothing and they will not lose power. What’s at stake is who will be their new supplier and what will their price be.
We are advising our customers to take control in order to minimize their cost of energy and maximize their opportunity during the current favorable market conditions. NOPEC customers can call us at 440.665.9491 to get the facts about what will happen and to know their best options.