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.