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March 7th, 2013

Hess Announces Exit From Retail Electric, Natural Gas and Oil Markets

by Andrew Price, President & COO

Hess surprised energy markets on Monday by announcing that it would seek to exit retail sales of electricity, natural gas and oil. Although the announcement was a shock to those of us in the energy business, there were many signs that, in hindsight, pointed to this outcome. What does this announcement mean for CES customers who currently have contracts with Hess? Should you consider entering into a new contract with Hess for retail commodity? Read on for guidance on these questions.

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