Top Three Winners of Liberty Power Bright Horizons Scholarship Award Announced

Liberty Power and United States Hispanic Chamber of Commerce Foundation award $20,000 in Scholarships to the nation’s top STEM students

Liberty Power co-founder and CEO David Hernandez, Ileana Delgado, Blane Wilson, and Chelsea Clark.

Liberty Power co-founder and CEO David Hernandez, Ileana Delgado, Blane Wilson, and Chelsea Clark.

Ft. Lauderdale, Florida – September 24, 2014 – Liberty Power,the nation’s largest independent retail electric supplier, is proud to announce the top three winners of its second annual Liberty Power Bright Horizons Scholarship program. The scholarship – a collaborative effort between Liberty Power and the United States Hispanic Chamber of Commerce (USHCC) Foundation – awarded three college students a collective $18,000 during the USHCC National Convention which took place September 21 – 23 in Salt Lake City, Utah. A fourth scholarship has been added this year in the form of a $2,000 “People’s Choice” award and will be presented next month as part of a social media competition.

“We continue to enjoy working with Liberty Power on the Bright Horizons Scholarship. It’s an incredible feeling to know that you’re making a big impact in the lives of these students,” said Marc Rodriguez, Chairman of the USHCC Board.

The Bright Horizons Scholarship is for college students studying science, technology, engineering and mathematics (STEM) with an interest in pursuing a career in energy or the environment.

The top three winners were chosen by a selection committee that included: seven business leaders and policymakers within the energy industry, last year’s Bright Horizons grand prize winner, Tatiana Narvaez, and a communal vote from Liberty Power employees. They  elected one grand prize winner to receive a $10,000 scholarship, one first runner up to receive a $5,000 scholarship, and one second runner up to receive a $3,000 scholarship. The top three winners were honored by David Hernandez, co-founder and CEO of Liberty Power, and the USHCC during the annual convention’s closing gala on September 23.

“Spending time with this year’s Bright Horizons Scholarship winners has been very rewarding. Learning about their accomplishments and passion for energy and the environment at such a young age is incredible,” said Mr. Hernandez. “Our partnership with the USHCC Foundation to help today’s youth pursue their educational goals continues to be a wonderful endeavor.”

The $10,000 scholarship was awarded to Blane Wilson, who is earning his undergraduate degree in electrical engineering from Stanford University.

“When I found out I was a scholarship winner, I was overcome with gratitude for being recognized and offered the opportunities that come with this honor,” said Mr. Wilson. “This award encourages me to continue pursuing my career, where I hope to address the world’s growing energy demand while protecting our environment. I want to advocate STEM education for underrepresented students whose perspectives can build better solutions in whatever field they’re passionate about.”

The $5,000 scholarship was awarded to Chelsea Clark, an undergraduate student at The University of Texas at Austin in chemical engineering.

“I felt so humbled and honored to be chosen as a winner of this scholarship. This means I will be able to focus on pursuing my ultimate career goal of doing research and development in the energy industry,” said Ms. Clark. “I hope my work can help supplement the world’s projected energy demand and reduce our total carbon footprint in the process.”

Ileana Delgado was awarded the $3,000 scholarship. She is earning her master’s degree in industrial engineering at The University of Texas at El Paso.

“When I was told I was one of the top three winners I could not believe it. Being a winner means being proud of what I have already achieved and being hopeful of what is to come,” said Ms. Delgado. “As an industrial engineer, I will be able to help future generations by optimizing sustainable processes in order to make them affordable.”

The recipient of the fourth scholarship, valued at $2,000, is still up for grabs. The newest element of the Bright Horizons Scholarship program involves a social media competition. Six finalists have been selected and will need to collect as many votes as possible via Facebook to take home the “People’s Choice” award. The voting opened on September 22 and runs through October 17. The winner will be announced in late October. To learn more about the People’s Choice award, and to vote for the winner, visit Liberty Power’s Facebook page at www.facebook.com/LibertyPowerCorp.

About Liberty Power
Headquartered in Fort Lauderdale, Florida, Liberty Power is the largest completely independent, privately-held retail electric supplier in the United States based on 2014 KEMA rankings of electric retailers. The company is also the first minority-owned supplier with a national footprint, and the largest Hispanic-owned energy company in the United States according to Hispanic Business. Liberty Power provides large and small businesses, government agencies and residential customers with low-cost electricity and exceptional customer service.


About the United States Hispanic Chamber of Commerce
Founded in 1979, the USHCC actively promotes the economic growth and development of Hispanic entrepreneurs and represents the interests of nearly 3 million Hispanic-owned businesses in the United States that generate $465 billion annually. It also serves as the umbrella organization for more than 200 local Hispanic chambers in the United States and Puerto Rico. For more information, please visit ushcc.com.

About the United States Hispanic Chamber of Commerce Foundation
The USHCC Foundation is committed to giving Hispanic entrepreneurs life-long learning by developing and implementing initiatives and educational campaigns to awaken and nurture their entrepreneurial spirit. The Foundation leverages corporate and public support to ensure that existing and aspiring Latino entrepreneurs gain access and achieve success in the world of business. Please visit www.ushccfoundation.org for more information on the USHCC Foundation.

Liberty Power is a registered trademark of Liberty Power Corp. LLC, whose subsidiaries are certified and licensed to provide retail electric service by the PUC / PSC of CA, CT, DC, DE, IL, ME, MD, MA, MI, NJ, NY, OH, PA, RI, TX and VA.

Liberty Power to Supply Renewable Energy Certificates to 35th Annual United States Hispanic Chamber of Commerce Convention

Liberty Power donation helps USHCC Annual Convention “go green” for second consecutive year

Ft. Lauderdale, Florida – September 19, 2014 –Liberty Power,the nation’s largest independent retail electricsupplier, announced that it will donate renewable energy certificates (RECs) to match 100 percent of the estimated electricity usage at the United States Hispanic Chamber of Commerce’s (USHCC) Annual Convention. This is the second year in a row the retail energy supply company will donate RECs as part of their sponsorship of the event.

The USHCC Annual Convention will take place at the Grand America Hotel in Salt Lake City, Utah, from September 21 – 23. Liberty Power will supply enough RECs from United States wind energy facilities to match the estimated consumption for the event’s venue throughout the three-day convention. The donation of RECs will avoid approximately 760,000 pounds of carbon dioxide (CO2)emissions from fossil-fueled generation facilities. This is equivalent to the CO2 emissions of nearly 38,800 gallons of gasoline consumed.

“We are excited to help propel forward the green energy movement again this year by offsetting the consumption of the USHCC’s Annual Convention,” said David Hernandez, co-founder & CEO of Liberty Power. “We are delighted the USHCC supports our ongoing commitment to sustainability.”

This year, the USHCC Convention will celebrate its 35th anniversary. With their reputation as the largest assembly of Hispanic business leaders in the United States, the Convention attracts business associations, entrepreneurs, corporate executives, chamber leaders and members, Hispanic business enterprises (HBE’s), and policymakers from across the country. This occasion provides ample opportunity to establish business partnerships and carve out new business opportunities.

“The USHCC is thrilled to have Liberty Power’s support for green energy at our National Convention once again, and we are proud to have their unwavering commitment as a partner of our association,” said USHCC President & CEO Javier Palomarez. “Liberty Power is dedicated to their customers and their community, and has demonstrated that a company can, in fact, do smart business and advance the common good at the same time. We thank them for their contributions.”

About Liberty Power

Headquartered in Fort Lauderdale, Florida, Liberty Power is the largest completely independent, privately-held retail electric supplier in the United States based on 2014 KEMA rankings of electric retailers. The company is also the first minority-owned supplier with a national footprint, and the largest Hispanic-owned energy company in the United States according to Hispanic Business. Liberty Power provides large and small businesses, government agencies and residential customers with low-cost electricity and exceptional customer service.

For more information on Liberty Power, please visit www.libertypowercorp.com

Liberty Power is a registered trademark of Liberty Power Corp. LLC, whose subsidiaries are certified and licensed to provide retail electric service by the PUC / PSC of CA, CT, DC, DE, IL, ME, MD, MA, MI, NJ, NY, OH, PA, RI, TX and VA.
About the USHCC

Founded in 1979, the USHCC actively promotes the economic growth and development of Hispanic entrepreneurs and represents the interests of over 3 million Hispanic owned businesses across the United States that contribute in excess of $465 billion to the American economy each year. It also serves as the umbrella organization for more than 200 local Hispanic chambers and business associations in the United States and Puerto Rico. For more information, visit www.USHCC.com

Liberty Power CEO Inspires Young Leaders at the Free Enterprise Leadership Challenge

Job Creators Network

Liberty Power CEO David Hernandez addresses students at the Free Enterprise Leadership Challenge

David Hernandez gives keynote address on how to be a successful entrepreneur

Liberty Power’s CEO David Hernandez shared his own proven building blocks for success at the 2014 Free Enterprise Leadership Challenge (FELC). As a successful entrepreneur and member of the Job Creators Network, David presented his keynote address to the students participating in FELC held this summer at his alma mater, Palm Beach Atlantic University in West Palm Beach, Florida.

In addition to providing advice and mentorship about entrepreneurship to the students, David addressed some of the challenges associated with starting a business in today’s economy, such as regulations.

“One of my highlights of my FELC experience was listening to David Hernandez,” one student from Florida said. “He taught me that humility is something not a lot people have, but it is a key trait to become a great leader.”

David and the Liberty Power senior leadership team believe so strongly in the strength of humility that it is a fundamental part of the company’s  culture. Team members at all levels are encouraged see that everyone has something to teach, and that decisions must be based solely on what is best for the company and its customers, not individual egos.

FELC is a program for high school students and teaches the core principles of our free enterprise system. Over 7,300 students have graduated from the FELC Program. David spoke to 100 students who traveled from Florida, New Jersey, Utah, Connecticut and El Salvador. Many attendees were first generation Americans, much like Hernandez himself, who was born in Cuba.

The five day program, which occurs three times every summer, offers a unique hands-on approach to equip students with the economic knowledge and tools to begin their own business. During the program the students experience the process of building a business from scratch as well as hearing from business leaders in the community.

For more information about this program please visit www.felcexperience.org.

To learn more about Job Creators Network please visit www.jobcreatorsnetwork.com.

Watch some of the educational videos for entrepreneurs on www.informationstation.org.

Feeling the impact of winter weather in July? Just check your utility bill.

You’ll never guess why electricity rates will jump this summer. Hint: the Polar Vortex.

Last winter’s brutal polar vortex brought such cold temperatures that many New Yorkers saw their heating bills nearly double. Months later, the lingering after-effects of the polar vortex continue to keep electricity prices high.

Weather forecasters predict that New York State will experience sweltering temperatures in July and August 2014. As it gets hotter, air conditioners and refrigerators will have to work harder to keep things cool.

What does this mean for New York residents? Electricity prices are about to spike once again.

“New Yorkers, still reeling from home heating costs this winter, can expect to continue to get hammered by high bills this summer,” said Beth Finkel, New York State Director for AARP, a nonprofit social advocacy organization.

Why would the polar vortex impact summer energy rates? A recent study from the AARP explored the long-term impacts of extreme winter weather. It found that electricity generators had to tap into natural gas reserves during the polar vortex. The nation’s once abundant natural gas surplus was depleted. Now that reserves are low, natural gas prices are rising and the market has become increasingly volatile, which will lead to a summer rate spike.

The Energy Research Council issued a study mirroring the findings of the AARP report.

The AARP’s Finkel warns that throwing “looming rate hikes into the equation and household budgets for many simply don’t stand a chance against unprecedented utility bills. Something’s got to be done.”

In New York, the utility’s standard electricity supply rates are based on market conditions—and those prices fluctuate every 15 minutes.

AARP says that New Yorkers pay the highest electric rates in the United States. Since utility companies and the Public Service Commission handle how much to charge for electricity, New Yorkers have little control.

But where there are concerns, there are solutions. Rather than deal with the fluctuating prices offered by the utility companies, New Yorkers can opt for a fixed-rate plan from an electricity supplier such as Liberty Power. These fixed-rate plans can provide New York residents peace of mind. Making the switch allows households and businesses to worry less about unpredictable costs.

Liberty Power offers people fixed-rate electricity plans for up to 60 months. Customers are locked into a rate and avoid sudden spikes from extreme weather. That allows a household to budget more easily because the per kWh rate paid remains the same month-to-month, despite a polar vortex or summer heat wave.

For further information on available fixed-rate plans contact 1-866-POWER-99 to speak to a Liberty Power representative or click here for a price quote.

7 Simple Ways to Protect Yourself from Identity Theft, the World’s Fastest Growing Crime

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Liberty Power includes identity theft protection at no extra cost with your energy plan

Not only do we protect your energy costs –– we protect you.

Protecting yourself from identity theft is not easy in a world filled with technology snoops and credit card thieves. And it’s only getting worse.

Last year, 13.1 million people were victims of identity theft, according to the 2014 Identity Fraud Report by Javelin Strategy and Research.  The AARP says senior citizens alone lose $2.9 billion each year to fraud and identity theft. And the Federal Trade Commission reported that identity theft was the number one complaint last year.

“Identity theft, the fastest growing crime here, is as easy as one, two, three,” says George Piro, FBI Special Agent in Charge in Miami. “One, criminals steal someone’s name and Social Security number; two, they use that identity to file a fraudulent tax return on line; and three, they collect the refund check. Repeat thousands of times.”

images-4Protecting yourself is key

Click here to learn more about Liberty Power’s identity theft protection. 

You might think that computer hackers are the biggest threat. But a study found that more than half of all cases of ID theft are a result of losing your wallet or purse.

So, these tips should become your newest habits:

 

1. Unpack your wallet

Your Social Security card is an invitation to steal your identity. So, don’t put it into your wallet.

Same goes for your PINs, passwords, extra keys, blank checks, account numbers, even medical insurance cards. The AARP suggests taking out these sensitive items –– and making photocopies of what’s left.

2. Keep your private info private

 Just because a company or business wants your Social Security number doesn’t mean you have to give it to them.

The IRS suggests you ask a company why it needs your Social Security number and how it will be used before sharing it. You should also add firewalls and antivirus software to personal computers and avoid sharing personal information over the phone, Internet, or through the mail.

3. Keep an eye on your credit report

Keep an eye on your credit card bills in search of strange charges. And the IRS recommends you check your credit report every 12 months. It’s free. Be sure to check everything –– any open or closed accounts, along with any items that could lower your credit score. If these items are incorrect or if there are any suspicious credit inquiries, it might be a sign of identity theft.

If you think your identity has been stolen, place an alert on your file with credit reporting companies Experian, Equifax, or Transunion.

4. File your taxes early

 The number one tax scam in the IRS “Dirty Dozen” Report this year was tax fraud through identity theft. All an identity thief has to do is get a name and Social Security number to file for taxes. The crooks file for taxes and claim a refund before their victims do. The victims not only risk losing their refund but are at risk of significant penalties and interest charges on what they owe.

5. Don’t become cyber-bait

Phishing refers to a variety of online scams that lead people to share their personal and financial information and account logins. Fraudulent emails asking for personal information are the most known form of this scam, but ConsumerReports.org says fake websites and text messages are used too.

ConsumerReports.org lists ways to avoid getting hooked by phishy emails:

  •  If the the grammar and spelling is unusually bad it may be a scam
  • Hover over the links to see if they’re real
  • Type the URLs into your browser, instead of clicking any links

6. Shred sensitive documentsimages-2

Invest in a shredder. All those outdated bills, old statements and even junk mail can include sensitive personal information. Don’t leave yourself vulnerable to a dumpster diver.

7. Get identity theft insurance

If you’re someone who does lots of online banking or shopping, or if you don’t have the time to monitor your credit information on your own, then you should get identity theft insurance.

How Liberty Power can help

At Liberty Power, we are all about peace of mind. Whether it’s securing your energy costs with our fixed rate plans or insuring your safe identity at no extra cost to you. With our energy services, you’ll receive the same identity theft protection you’d get from an expensive service like LifeLock, valued at $25 per month –– that’s a $300 dollar savings a year –– at no extra cost.

That’s the first and simplest way to protect yourself. Sign up now

Identity Theft Solutions:

  • 24/7/365 monitoring awareness that significantly mitigates
  • Guaranteed ID profile restoration, if event occurs
  • $1 million theft insurance policy
  • 24/7 Lost Wallet Assistance
  • Award winning computer software protection

The Leading Cause of Identity Theft Isn’t What You Think

Cyber hackers, data breaches, phishing scams. Online data piracy seems to be everywhere. But it’s not the most common form of identity theft. It’s losing your wallet.

An insurance industry study found that stolen wallets account for nearly three quarters of identity fraud cases in 2011.

If you’re not protecting yourself, here’s how to get started.

ID theft infographic

Travelers Study Reveals Offline Methods Are Top Causes for Identity Fraud Claims – 73% of identity fraud cases resulted from stolen personal item (Graphic: Travelers)

Liberty Power Partners with the United States Hispanic Chamber of Commerce for Second Annual Liberty Power Bright Horizons Scholarship Awards

Scholarship program to award college students $20,000 for education

Ft. Lauderdale – May 15, 2014 – Liberty Power, the nation’s largest, completely independent retail electric supplier, is proud to announce the launch of the second annual Liberty Power Bright Horizons Scholarship. The scholarship is a collaboration between Liberty Power and the United States Hispanic Chamber of Commerce (USHCC) Foundation. This alliance is focused on providing tens of thousands of dollars in scholarships annually to eligible college students pursuing science, technology, engineering and mathematics (STEM) education with an interest in seeking careers in the fields of energy or the environment.

“The inaugural year of the Bright Horizons Scholarship was a very rewarding experience for Liberty Power. We are very proud to be able to support a group of humble, hungry and smart students,” said David Hernandez, co-founder and CEO of Liberty Power. “We are excited to expand our efforts to support more bright, young minds in their educational pursuits and contributions towards a more sustainable society.”

Established in 2013, the Bright Horizons Scholarship was initially awarded to three winners. This year the scholarship has expanded to allow for one additional winner. A total of $20,000 will be awarded in the form of four scholarships valued at $10,000, $5,000, $3,000 and $2,000.

“After unveiling this scholarship program at our 2013 National Convention, the USHCC is proud to join Liberty Power in selecting this year’s winners,” said USHCC President and CEO Javier Palomarez. “I believe providing the next generation with access to a world-class education is imperative. This year’s scholarships will help four deserving students realize their academic dreams – it’s the right thing to do, and a sound investment in the future.”

The winners of this year’s Bright Horizons Scholarship will be announced at the USHCC National Convention on September 21-23 in Salt Lake City, Utah.

“Through the Bright Horizon’s Scholarship, the USHCC and Liberty Power are opening doors of opportunity for our nation’s most gifted students,” said USHCC Chairman of the Board Marc Rodriguez. “The global economy continues to change, but as long as we encourage our youth to pursue a higher education, their futures will remain promising and the United States will continue to prosper as an economic superpower.”

Students who are currently enrolled in an accredited two or four-year university that have an interest in the field of energy or the environment are welcome to apply by July 15, 2014.

For more information and to apply for the Bright Horizons Scholarship program, please visit: http://www.libertypowercorp.com/scholarship/.

 

About Liberty Power
Headquartered in Fort Lauderdale, Florida, Liberty Power is the largest, completely independent, privately-held retail electric supplier in the United States based on 2014 KEMA rankings of electric retailers. The company is also the first minority-owned supplier with a national footprint, and the largest Hispanic-owned energy company in the United States according to Hispanic Business. Liberty Power provides large and small businesses, government agencies and residential customers with low-cost electricity and exceptional customer service.

For more information on Liberty Power, please visit www.libertypowercorp.com

Liberty Power is a registered trademark of Liberty Power Corp. LLC encompassing Liberty Power Holdings LLC, Liberty Power Delaware LLC, Liberty Power Maryland LLC, Liberty Power District of Columbia LLC, and LPT LLC, dba LPT SP LLC. Liberty Power is certified and licensed by the Public Utilities/Service Commissions of: CA, CT, DC, DE, IL, ME, MD (IR793), MA (CS-057) MI, NJ (ESL-0001), NY, OH, PA, RI, TX (10118) and VA; as well as the Federal Energy Regulatory Commission.

 

About the United States Hispanic Chamber of Commerce
Founded in 1979, the USHCC actively promotes the economic growth and development of Hispanic entrepreneurs and represents the interests of nearly 3 million Hispanic-owned businesses in the United States that generate $465 billion annually. It also serves as the umbrella organization for more than 200 local Hispanic chambers in the United States and Puerto Rico. For more information, please visit www.ushcc.com.

About the United States Hispanic Chamber of Commerce Foundation
The USHCC Foundation is committed to giving Hispanic entrepreneurs life-long learning by developing and implementing initiatives and educational campaigns to awaken and nurture their entrepreneurial spirit. The Foundation leverages corporate and public support to ensure that existing and aspiring Latino entrepreneurs gain access and achieve success in the world of business. Please visit www.ushccfoundation.org for more information on the USHCC Foundation.

Liberty Power Signs Agreement with Shell Energy

Liberty Power signs new multi-year supply agreement with leading natural gas and power marketer

 

Ft. Lauderdale – May 13, 2014 – Liberty Power, the nation’s largest, completely independent retail electric supplier, today announced their new multi-year supply agreement with Shell Energy North America (US), L.P. (Shell Energy).

Liberty Power’s decision to select Shell Energy as its provider for such a critical support service was made after a thoughtful and deliberate diligence process, finding the oil and natural gas marketing and trading company to be best positioned to support its evolving needs. Liberty Power will soon begin the process of transitioning to Shell Energy.

“We are very excited about our new agreement with Shell Energy,” said David Hernandez, Liberty Power CEO and co-founder. “We look forward to working with such a strong and experienced market leader as we continue to meet the growing needs of our customers.”

Liberty Power’s new arrangement provides it with added flexibility for transacting and managing energy supplies. The company expects this added flexibility to result in an improved ability to deliver value to its channel partners and customers over time.

 

“Shell Energy and Liberty Power have a natural connection – we are committed to our customers,” said Beth Bowman, Shell Energy North America General Manager. “We are pleased Liberty Power recognizes that Shell Energy is in the best position to help them meet their future needs, delivering added value to their customers for years to come.”

Shell Energy is a major energy market participant, marketing more than 11 billion cubic feet (Bcf) of gas each day and 220 million megawatt hours (MWh) of wholesale and retail power annually. The company manages approximately 5,000 megawatts (MW) of generation across North America. Shell Energy has provided structured supply services for more than a decade. Active in all deregulated power and gas markets, it maintains an A-/A1 credit rating.

About Liberty Power
Headquartered in Fort Lauderdale, Florida, Liberty Power is the largest, completely independent, privately-held retail electric supplier in the United States based on 2014 KEMA rankings of electric retailers. The company is also the first minority-owned supplier with a national footprint, and the largest Hispanic-owned energy company in the United States according to Hispanic Business. Liberty Power provides large and small businesses, government agencies and residential customers with low-cost electricity and exceptional customer service.

For more information on Liberty Power, please visit www.libertypowercorp.com 

 

About Shell Energy 

Shell Energy is a 100%-owned subsidiary of the Royal Dutch Shell Group of companies (Shell). Shell Energy provides a comprehensive portfolio of physical commodity products, services and solutions designed to meet the needs of its broad customer base.  Key offerings include natural gas and power commodity, environmental solutions including carbon management, asset and supply management and structured solutions – supported by some of the most skilled energy professionals in the world. Shell Energy consistently ranks within the top three U.S. natural gas and wholesale power marketers, according to Platts. Additionally, Shell Trading Risk Management, LLC, a subsidiary of Shell Energy North America (US), L.P. offers risk marketing products.


Royal Dutch Shell plc, Shell Energy’s parent, is a global group of energy and petrochemical companies with around 87,000 employees operating in more than 70 countries and territories.

For more information on Shell Energy, please visit www.shell.us

South Florida Sun Sentinel: Liberty Power Grows Far From Home

Liberty Power was featured on the front of the business section of its hometown paper, the South Florida Sun-Sentinel.

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Liberty Power grows far from home

 It’s not often a company sets up in a place where it can’t do business.

But Fort Lauderdale-based Liberty Power Corp. has grown into the largest minority-owned electricity retailer in the U.S., with sales now topping $700 million per year, and it still can’t sell in Florida.

Liberty Power operates in 15 states and the District of Columbia, where governments allow competition in selling energy to consumers. It buys electricity in bulk from producers and sells it retail to businesses and homes — often at prices cheaper than what the producers offer.

Yet in the Sunshine State, only regulated utilities like Florida Power & Light can sell energy to consumers.

So, why does Liberty Power employ so many people on Cypress Creek Road, including many energy-buying specialists that had to be transplanted here from Texas and other deregulated markets?

The story begins with its chief executive, David Hernandez, whose family left their native Cuba for South Florida in 1975. He studied accounting here, joined Nortel, earned a master’s degree in New York, worked on Wall Street and then took a job with Enron in Houston that included some work in retail energy.

When Enron imploded and laid him off in 2001, Hernandez saw potential in retail electricity and called his brother and a close friend in South Florida to suggest they enter the business together. They told him yes – and asked him to head back home.

With his brother Eliezer living in West Palm Beach and his friend Alberto Daire in Miami, “Fort Lauderdale was a nice middle spot for us,” Hernandez said.

The three partners started by hiring teams of salespeople to go door-to-door in New York City, mainly to small- and mid-size businesses. Their company offered consumers a chance for rates lower than utilities.

The business focuses on offering longer-term contracts at fixed rates, so that consumers can lock in prices and budget better. That’s key, because electricity rates can fluctuate wildly with fuel costs and weather, making it tough for consumers to plan for their power bill, Hernandez said.

Today, Liberty Power serves some 180,000 customers, including many large businesses like Ryder and Costco that use minority-owned suppliers.

The future looks bright too.

Nationwide, the retail energy market tops $45 billion in revenues per year and continues to grow, said Young Kim, a principal in Energy Research Consulting Group specializing in the industry. Retailers generally offer electricity 5 percent to 10 percent cheaper than regulated utilities do, based on smaller profit margins and leaner operations, he said.

Liberty Power ranks among the 20 largest U.S. energy retailers and the biggest based in Florida, Kim said. It stands out from rivals for two main reasons: Its minority ownership attracts big business and minority consumers. Plus, it relies more for sales on independent brokers who represent consumers instead employing its own sales force. Brokers embrace that model, since they need not fear that the retailer later will send its own sales staff to steal away the broker’s customers, Kim said.

Hernandez expects Liberty Power to grow to $1 billion in sales within the next few years, partly based on custom offerings like electricity only from “green” producers. Still, the privately held company will remain lean, likely not adding much to its current staff of about 275 people.

Revenues could grow faster, however, if more states open their energy market to competition as California, New York, Texas and others have. Hernandez would like to see Florida deregulate, so he could sell where he lives – and likely help cut down on his travel to see key accounts.

In the meantime, the Cuban-American executive enjoys being near friends and family in South Florida. His seven brothers and sisters all live near one another in the West Palm Beach area.

“It’s pretty amazing,” said Hernandez. “After being in this country for almost 40 years, we are still all within a three-mile radius of our mother.”

Liberty Power Corp.

Founded: December 2001 and based in Fort Lauderdale.

Business: Retail electricity. Buys electricity from producers and sells it to homes and business – often cheaper than producers do and often in contracts at fixed rates to help consumers budget.

Revenue: About $711 million in 2013; projected at $795 million this year.

Employees: About 275, mainly in South Florida.

Source: Company executives, http://www.libertypowercorp.com

Attention Customers: Customer Care Phone System Issue

Liberty Power is currently experiencing technical issues with our phone system. We sincerely apologize for any inconvenience this may cause and appreciate your patience while we work diligently to resolve this issue.

Customers calling our Customer Care number have been enduring increased hold times. Our customers are our number one priority. In an effort to continue providing you with exceptional customer service, if send us an email we promise to call you back before the close of the next business day.

Please include the following information in your email to help us expedite this process:
- First and last name
- Account name
- Account number
- Email address
- Best call back number
- Preferred call-back time (please give at least a 2-hour block)
- Reason for your email

Click here to email our Customer Care Team with non-urgent related questions/issues.

Click here to if you have an urgent power-related issue (Ex.: a power outage).

Click here to pay your bill online using your credit or debit card.

Liberty Power also offers two additional methods to pay your bill:

● Mail your payment to:
Liberty Power Holdings LLC
25901 Network Place
Chicago, IL 60673-1259

Pay Your Bill via Phone
Click here to email us and we’ll call you back to take your payment using your credit card or check-by-phone.

Your business is very important to us. Please accept our apologies for the inconvenience. It is our mission to continue providing you with exceptional customer service.

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