HOUSTON, Sept. 06, 2017 (GLOBE NEWSWIRE) — Spark Energy, Inc. (“Spark” or the “Company”) (NASDAQ:SPKE), an independent retail energy services company, today provided an operational update on the effects of Hurricane Harvey.
“Spark is proud to call Houston home, and celebrates the triumph of the human spirit and generosity of its citizens while at the same time mourning the losses that the city and all of the Gulf Coast have experienced,” said Nathan Kroeker, Spark Energy’s President and Chief Executive Officer. “Our primary concern has been our employees, all of whom have been accounted for, and our customers. We applaud the entire community, including our own employees, who have gone beyond the call of duty to help friends, neighbors, and all those affected by the storm.
“We also want to acknowledge our operations teams who kept the business up and running through our emergency operations plan which we executed on Friday, August 25 ahead of Harvey’s landfall. Between our emergency operations center in Lufkin, Texas and our team members in Maine, we were able to continue serving our customers without disruption.”
Less than seven percent of Spark’s customer base is located in the areas affected by Hurricane Harvey, most of which experienced little or no disruption in power. Although Spark is unable to assess the full financial impact of the storm, if any, at this point, the Company’s operations continue to be running at full strength. Spark and its employees remain committed to serving its customers and rebuilding in the affected communities.
About Spark Energy, Inc.
Spark Energy, Inc. is an established and growing independent retail energy services company founded in 1999 that provides residential and commercial customers in competitive markets across the United States with an alternative choice for their natural gas and electricity. Headquartered in Houston, Texas, Spark currently operates in 19 states and serves 94 utility territories. Spark offers its customers a variety of product and service choices, including stable and predictable energy costs and green product alternatives.
We use our website as a means of disclosing material non-public information and for complying with our disclosure obligations under Regulation FD. Investors should note that new materials, including press releases, updated investor presentations, and financial and other filings with the Securities and Exchange Commission are posted on the Spark Energy Investor Relations website at ir.sparkenergy.com. Investors are urged to monitor our website regularly for information and updates about the Company.
Cautionary Note Regarding Forward Looking Statements
This press release includes forward-looking statements and projections, made in reliance on the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward-looking terminology including “may,” “should,” “likely,” “will,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “plan,” “intend,” “project,” or other similar words. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we cannot give any assurance that such expectations will prove correct. However, a variety of factors could cause actual results to differ materially from those projected in the forward-looking statements, including (i) restrictions in our debt agreements and collateral requirements, (ii) our ability to borrow funds and access credit markets, (iii) our level of indebtedness, (iv) our ability to successfully and efficiently integrate acquisitions into our operations, (iv) federal, state and local regulation, including the industry’s ability to prevail on its challenge to the New York Public Service Commission’s orders enacting new regulations that seek to impose significant new restrictions on retail energy providers operating in New York, (v) other business risks affecting our liquidity and results of operations. Additional important risk factors that could cause actual results to differ materially from expectations are disclosed in Item 1A of Spark’s Form 10-K for the year ended December 31, 2016 and subsequent Form 10-Q’s filed with the SEC. While Spark makes these statements and projections in good faith, neither Spark nor its management or affiliates can guarantee that anticipated future results will be achieved. Spark assumes no obligation to publicly update or revise any forward-looking statements made herein or any other forward-looking statements made by Spark, whether as a result of new information, future events, or otherwise.
Contact: Spark Energy, Inc. Investors: Robert Lane, 832-200-3727 ir@sparkenergy.com Media: Eric Melchor, 281-833-4151Source: Spark Energy, Inc.