News Flash

General City News

Posted on: May 16, 2023

Door-to-Door Solicitors Providing False Information about City's Electric Aggregation Program

Sidney City Hall Sign

It has come to the city’s attention that IGS Energy solicitors are going door-to-door and suggesting that the city’s electric aggregation supplier, Energy Harbor, is filing for bankruptcy or doing so is imminent. This is a false statement being made by the solicitors in hopes to obtain your AES Ohio account information and switch you to IGS Energy’s electric supply service at higher rates.

Energy Harbor has a strong balance sheet that includes over $1.0B and minimal debt. Moody’s Investors Services has assigned a credit rate of Baa3, or investment grade, for Energy Harbor. Standard and Poor’s has assigned a credit rating of BBB-. As a retail supplier operating in Ohio, the company posts collateral with PJM in order to operate its retail energy business.  Additionally, Energy Harbor affiliates own and operate a fleet of reliable generation assets in Ohio, Pennsylvania and West Virginia that operating within PJM. This fleet is capable of generating approximately 50,000,000 MWhs of power annually to serve the needs of its customers.

The city’s electric aggregation program served by Energy Harbor has a rate of $0.0499/kWh, fixed through December 2024.

Those residents who may have recently been visited by these door-to-door solicitors and were mislead into switching electric aggregation suppliers should have a 7-day window in which to cancel the switch before it gets processed. If the switch has already been processed, residents will need to call IGS Energy to cancel the service and then call Energy Harbor (866.636.3749) to re-enroll in the city's electric aggregation program.

Beware of solicitors going door-to-door with misinformation meant to mislead you into switching to their service. Please ask solicitors for their permits, as those are required by the city for solicitors to be able to go door-to-door. If you have any concerns about door-to-door solicitors please contact the Sidney Police Department.

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