Energy Savings Income Fund


Energy Savings Income Fund

Infobox_Company
company_name = Energy Savings Income Fund
company_type = Public (tsx|SIF.UN)
company_slogan =
foundation = 1997
location = Mississauga, Ontario, Canada
key_people = Rebecca MacDonald (Executive Chair) Brennan R. Mulcahy (CEO)
industry = Energy Marketing
products = Natural Gas, Electricity
revenue = profit $51.56 million CAD (Y.E. F2006)
num_employees = 435 (2008)cite web |url=http://zenobank.com/index.php?symbol=CA;SIF.UN&page=quotesearch |title=Company Profile for Energy Savings Income Fund (CA;SIF.UN) |accessdate=2008-10-08]
homepage = [http://www.esif.ca/ www.esif.ca]

The Energy Savings Income Fund (tsx|SIF.UN) is an income fund established under the laws of Ontario to hold securities and to distribute the income of its wholly owned subsidiaries collectively called the Energy Savings Group. The fund commenced business in July, 1997.

Operations

Energy Savings’ business, which is conducted in Ontario, Manitoba, Quebec, British Columbia, Alberta, Illinois, New York and Indiana, involves the sale of natural gas to residential, small to mid-size commercial and small industrial customers under long term, irrevocable fixed price contracts. Energy Savings also supplies electricity to Ontario, Alberta and New York customers.

The fund derives its margin or gross profit from the difference between the fixed price at which it is able to sell the commodities to its customers and the fixed price at which it purchases the matching volumes from its suppliers.

References

External links

* [http://www.esif.ca/ Energy Savings Income Fund website]


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