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Energy Plus/Independence Energy Ranked as a Rising Star in the Greater Philadelphia Region on Deloitte’s 2011 Greater Philadelphia Fast 50

Attributes 726 Percent Revenue Growth to Unique Customer Rewards Program and Expansion into New Markets

PHILADELPHIA, Oct. 19, 2011 /PRNewswire/ — Deloitte LLP has named Energy Plus/Independence Energy as a Rising Star on the company’s 2011 Greater Philadelphia Fast 50 ranking of the 50 fastest growing technology, media, telecommunications, life sciences and clean technology companies in the Greater Philadelphia region. Energy Plus grew 726 percent during this period.

Deloitte recognizes companies who have been in business less than five years but more than three as ‘Rising Stars’ based on the percentage of revenue growth over three years (2008–2010). Energy Plus/Independence Energy is one of the few companies on the list to be named a Rising Star on Deloitte’s 2011 Great Philadelphia Fast 50.

“Energy Plus/Independence Energy, like all 2011 Greater Philadelphia Fast 50 and Rising Star companies, has excelled in fostering innovation and channeling it into spectacular growth — against the backdrop of one of the most challenging economies in history,” said Tara L. Weiner, managing partner, Greater Philadelphia region, Deloitte LLP.  “Deloitte recognizes Energy Plus for its remarkable accomplishment.”

Energy Plus/Independence Energy’s chief executive officer, Kevin Kleinschmidt, credits the company’s ongoing customer rewards program and successful expansion into new service areas and markets for the company’s revenue growth. He said, “We’re honored to be recognized as a Deloitte Fast 50 Rising Star in Philadelphia. This accomplishment is a testament to our dedicated employees’ hard work and the superior services we offer our residential and small business customers.”

Overall, 2011 Greater Philadelphia Fast 50 companies achieved revenue growth ranging from 21 percent to 6,918 percent from 2006 to 2010, with an average growth of 410 percent.