SOURCE: MC Squared Energy Services, LLC

December 18, 2008 14:06 ET

MC Squared Energy Services LLC Is Launched

New Illinois-Based Retail Electricity Company Debuts in Chicago as a Result of Joint Venture Between Lower Electric, Rock Creek Energy Partners and Wolverine Trading

CHICAGO, IL--(Marketwire - December 18, 2008) - MC Squared Energy Services, LLC (mc2), an Illinois-based retail electricity supply company, announced today its formation as a result of a joint venture between Lower Electric LLC, Rock Creek Energy Partners LLC and Wolverine Trading LLC.

Effective immediately, mc2 will manage the responsibility for Lower Electric's existing retail electric supply and customer service commitments. Currently serving over 250 accounts in Illinois, Lower Electric is an Alternative Retail Electricity Supplier (ARES) licensed by the Illinois Commerce Commission (ICC) since 2004. mc2 will assume the ARES license from Lower Electric pending ICC approval.

mc2 has a local experienced team that will offer advisory services to Illinois businesses seeking competitive electricity supply products and services. mc2, through its full service wholesale trading partner, Wolverine Trading, is uniquely positioned to offer customers innovative and reliable energy management and power purchasing strategies.

In addition, mc2 will provide customers with alternative energy supply options including renewable energy credits to meet state and federal regulatory requirements for renewable portfolio standards. The company will also help customers understand how to reduce energy consumption through energy efficiency strategies that can be tailored to meet their specific needs.

"In today's challenging economic climate, we are pleased to launch this new venture that will provide value to businesses in northern Illinois that are looking for ways to manage costs and reduce their energy expenses," said Chuck Sutton, president of mc2. "Customers can benefit from our power supply products designed to minimize volatility and commodity price risks."

Robert Bellick, managing director, Wolverine Trading, says the combination of the three entities provides a strong addition to the market. "With significant financial and intellectual capital from each of the partners, we are excited to introduce the market to a competitive supplier that is positioned to be an up and coming player in the deregulated energy market in Illinois."

For more information on mc2, phone (312) 474-6441 or visit www.mc2energyservices.com

About Us

Wolverine Trading LLC (www.wolve.com) is a Chicago-based diversified financial institution founded in 1994. Wolverine specializes in proprietary trading, asset management, order execution services and technology solutions. Wolverine has branch offices in New York, San Francisco and London.

Lower Electric LLC (www.lowerelectric.com) is a Northbrook-based energy consultant and supplier founded in 2001 by Ira Holtzman and William Schloss providing services to more than 2,000 customers.

Rock Creek Energy Partners LLC is a Chicago-based private investment firm.

Contact Information

  • For Further Product Information, Contact:
    Chuck Sutton
    President
    mc2 - Where Energy Comes From
    (312) 446-3347
    Email Contact

    For Further PR Information, Contact:
    Gary McCoy
    President
    Fairway Communications
    (847) 622-7228
    Email Contact