NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE
SERVICES
TORONTO, March 20, 2014 /CNW/ - Crius Energy Trust ("Crius Energy" or
the "Trust") (TSX: KWH.UN), announced today that Crius Energy LLC and
Frontier Communications (NASDAQ-FTR) have expanded their strategic
partnership to offer solar power to residential customers. Crius
Energy, under the brand name FTR Energy Services, currently offers
green electricity and/or natural gas to residents in Frontier service
areas in New York, Ohio, Illinois and Indiana. The companies plan to
leverage the partnership to offer solar power in markets such as
California, Arizona, Colorado, Oregon, New York and Washington. Upon
approval of Frontier's acquisition of AT&T wireline, broadband and
U-verse operations, Connecticut residents will also have the
opportunity to purchase solar power.
"This is a natural extension of the partnership between Crius Energy and
Frontier Communications," said Michael Fallquist, CEO of Crius Energy.
"Offering solar power in Frontier territories strengthens an already
successful relationship and expands the service offerings and
geographic reach of Crius Energy. As the solar industry continues to
grow, Crius is well-positioned to provide tremendous value to customers
and strategic partners."
The companies plan to offer solar products and services to Frontier
customers and prospective customers in California beginning in April.
In addition to being an important telecommunications market for
Frontier and the headquarters of its West Region, California is the
largest market for solar energy products and services in the United
States.
"We're excited to offer green energy from a leader in solar power," said
Ann Burr, President, New Product Trials and Integration for Frontier
Communications. "Solar is a great energy option that Californians and
others are embracing at a rapid pace. Frontier is pleased to help
consumers enjoy the benefits and easier access to solar while advancing
the quest for energy independence. We look forward to the expansion of
our partnership with Crius Energy".
About Frontier Communications
Frontier Communications Corporation (NASDAQ: FTR) offers broadband,
voice, satellite video, wireless Internet data access, data security
solutions, bundled offerings, specialized bundles for residential
customers, small businesses and home offices and advanced
communications for medium and large businesses in 27 states. Frontier's
approximately 13,650 employees are 100 percent U.S.-based. More
information is available at www.frontier.com.
About Crius Energy Trust
Crius Energy Trust has been established to provide investors with a
distribution-producing investment through the acquisition of a 26.8%
ownership interest in Crius Energy. With more than 610,000 residential
customer equivalents, Crius Energy is a comprehensive energy solutions
partner that provides electricity, natural gas and solar products to
residential and commercial customers. Crius Energy connects with energy
customers through an innovative family-of-brands strategy and
multi-channel marketing approach. This unique combination creates
multiple access points to a broad suite of energy products and services
that make it easier for consumers to make informed decisions about
their energy needs. Crius Energy currently sells energy products in 19
states and the District of Columbia with plans to continue expanding
its geographic reach. More information is available at www.criusenergytrust.ca.
The Trust intends to qualify as a "mutual fund trust" under the Income Tax Act (Canada) (the "Tax Act"). The Trust will not be a "SIFT trust" (as
defined in the Tax Act), provided that the Trust complies at all times
with its investment restriction which precludes the Trust from holding
any "non-portfolio property" (as defined in the Tax Act). Material
information pertaining to the Trust may be found on www.sedar.com or www.criusenergytrust.ca.
Forward-Looking Statements
This news release contains forward-looking information that involves
substantial known and unknown risks and uncertainties, most of which
are beyond the control of Crius Energy, including, without limitation,
those listed under "Risk Factors" and "Forward-Looking Statements" in
the Trust's Annual Information Form dated March 28, 2013
(collectively, "forward-looking information"). Forward-looking
information in this news release includes, but is not limited to, the
Trust's objectives and status as a mutual fund trust and not a SIFT
trust and the results of operations of the Company. Crius Energy
cautions investors of Crius Energy's securities about important factors
that could cause Crius Energy's actual results to differ materially
from those projected in any forward-looking statements included in this
news release. Any statements that express, or involve discussions as to
expectations, beliefs, plans, objectives, assumptions or future events
or performance are not historical facts and may be forward-looking and
may involve estimates, assumptions and uncertainties which could cause
actual results or outcomes to differ materially from those expressed in
such forward-looking statements. No assurance can be given that the
expectations set out in this news release will prove to be correct and
accordingly, prospective investors should not place undue reliance on
these forward-looking statements. These statements speak only as of the
date of this news release and Crius Energy does not assume any
obligation to update or revise them to reflect new events or
circumstances.
SOURCE Crius Energy Trust
