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April 27, 2015 6:45 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Direct Energy Income Fund

Company Overview

Direct Energy Income Fund, along with its subsidiaries, owns and operates oil and gas properties. The company supplies energy and energy solutions for residential and business customers in Canada and the United States. It produces and offers natural gas and electricity price protection; a range of heating, ventilation, and air conditioning services, including energy retrofits, installation, maintenance programs, service, and repair; building automation services; energy management software; and financing for capital intensive projects. The company also provides natural gas supply services to business customers in San Diego and southern Orange counties in California. Direct Energy Income Fund ...

25 Sheppard Avenue West

Suite 1500

Toronto, ON M2M 6S6


Founded in 1986





Key Executives for Direct Energy Income Fund

President of Mass Markets Energy
Age: 60
President of Home & Business Services
Age: 59
Senior Vice President of Production of Direct Energy Marketing Ltd.
Senior Vice President - Operations & Supply - Direct Energy Marketing Limited
Secretary of Direct Energy Marketing Ltd.
Compensation as of Fiscal Year 2014.

Direct Energy Income Fund Key Developments

Direct Energy Announces New Agreement with Unifor Local 975

Direct Energy announced that a new three-year collective agreement has been ratified by members of Unifor Local 975. Both parties have been in formal negotiations for the past two months and reached a tentative agreement on April 23, 2014.

Direct Energy Partners with Opower and Honeywell Announces Launch of Meridian Smart Thermostat in Texas

Direct Energy in partnership with Opower and Honeywell, announced the launch of the Meridian smart thermostat in Texas, including an advanced mobile app that enables anytime, anywhere management of home energy use. The Direct Energy Meridian solution's Wi-Fi thermostat from Honeywell connects to the newest generation of utility software leader Opower's thermostat platform -- including a Set for Savings feature that proactively recommends more efficient settings based on the customers' actual energy use and billing information. With thermostats controlling more than 50% of the energy bill, the data-driven Meridian thermostat app provides consumers an opportunity for significant savings even from small adjustments. Initially available to customers in Dallas and Houston, the Meridian thermostat is Direct Energy's newest, most technologically advanced Connected Home offer, and combines the company's retail electric service with its vast experience in home services. The new thermostat is offered as the Direct Energy Meridian Savings Plan which includes: A two-year low, fixed, electricity rate plan; Up to three free Meridian Wi-Fi thermostats; The Meridian mobile app for Android or iOs; Professional installation by One Hour Heating & Air Conditioning for $69.99 for the first thermostat ($49.99 for each additional thermostat), and including a free 20-point HVAC maintenance valued at $138.

Direct Energy Launches First Mobile Application

Direct Energy has launched its new, customer friendly mobile application substantially increasing and enhancing the company's ability to interact with its customers in the mobile environment. The app is the company's first. The smartphone app, offered on both the Apple iOS and Google Android platforms, provides added functionality and convenience for Direct Energy's customers. It allows Direct Energy's customers to view their account balance, check their electricity usage, make payments, update their account information, find home services locations and contact the company via the app. Customers who have multiple accounts with Direct Energy will also be able to manage all of them in one place.

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