OEB GRANTS HEARING REQUEST OF SUMMITT ENERGY

Mississauga, ON - July 9, 2010

Following ("OEB), a hearing date has been set for the week of August 23, 2010.

 As previously indicated, the OEB is seeking an Order for Compliance and an Administrative Penalty involving the alleged sales practices of five agents over an 18 month period.

Unless the OEB and Summitt Energy are able to come to a mutually acceptable resolution of the matter, the oral hearing before the OEB is intended to deal with the allegations made against Summitt Energy in the OEB Notice issued on June 17, 2010.

Background:

Summitt Energy is one of the largest energy retail companies in Ontario, representingover 100,000 customers accross the province. Established in 2006 and headquartered in Mississauga, Summitt Energy offers residential and business customers a varietyof natural gas and electricity price protection programs. In 2008, Summitt Energy launched the Summitt Evergreen Program, designed to offset greenhouse gas emissions from homes in Canada.

SUMMITT ENERGY TO PROCEED WITH HEARING BEFORE OEB

Mississauga, ON - July 9, 2010 - Summitt Energy has requested a hearing before the Ontario Energy Board ("OEB") to deal with the allegations made in the OEB Notice issued on June 17, 2010 to make an Order for Compliance and an Administrative Penalty involving the alleged sales practices of five agents over an 18 month period.

Given the complexity of the cases involved and the tight timelines in which to preserve its rights, Summitt Energy issued a hearing request and intends to:

-           fully investigate the allegations made against it and specifically relating to the activities of five agents;

-           implement and monitor a number of new sales procedures established by it in an effort to help consumers; and

-           continue to co-operate fully with staff at the OEB with a view toward finding a mutually acceptable approach to resolving all matters connected with the allegations.

"While our internal review of the allegations is ongoing and a date for the hearing has not yet been set by the OEB, the entire management team at Summitt Energy is focused on working with the OEB toward a full and final resolution of this matter", said Gerry Haggarty, President of Summitt Energy.

Background:

On June 17, 2010, Summitt Energy received a Notice of Intention to make an Order for Compliance and an Administrative Penalty from the OEB. The allegations made in the OEB Notice involve the sales practices of five agents over an 18 month period.

Summitt Energy is one of the largest energy retail companies in Ontario, representing over 100,000 customers across the province. Established in 2006 and headquartered in Mississauga, Summitt Energy offers residential and business customers a variety of natural gas and electricity price protection programs.  In 2008, Summitt Energy launched the Summitt EverGreen Program, designed to offset greenhouse gas emissions from homes in Canada.

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