Summer Energy Holdings, Inc. Appoints Al LaRose as Class I Director
April 19, 2018 at 10:35 pm IST
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Summer Energy Holdings, Inc. announced Securities purchase agreement (SPA) with LaRose Holdings, LLLP, the company appointed Al LaRose, Jr. was appointed to fill a newly created seat on the company's board of directors as a Class I Director, to serve until the 2019 annual meeting of the Company's
stockholders, at which point Mr. LaRose will become subject to the Company's customary director election procedure. Mr. LaRose's committee assignments have not yet been determined.
Summer Energy Holdings, Inc. operates through its wholly owned subsidiaries Summer Energy, LLC (Summer LLC), Summer Energy Midwest, LLC (Summer Midwest), and Summer Energy Northeast, LLC. Summer LLC is a retail electric provider in the state of Texas under a license with the Public Utility Commission of Texas (PUCT). Summer LLC procures wholesale energy and resells to commercial and residential customers. The Company provides electricity to residential and all size commercial customers in the restructured retail energy market. Summer Northeast is engaged in serving electric load to both residential and commercial customers in the Northeastern United States and holds licenses in Massachusetts and New Hampshire. Summer Midwest provide billing, collections, back-office service, including supply and scheduling services, customer service and accounting services.