IDT Energy Supports Hurricane Sandy Recovery Effort
IDT Energy, a leading independent provider of electricity and natural
gas serving over 500,000 residential and small business customers in New
York, New Jersey, Pennsylvania and Maryland, today announced a $50,000
IDT Energy, a leading independent provider of electricity and natural gas serving over 500,000 residential and small business customers in New York, New Jersey, Pennsylvania and Maryland, today announced a $50,000 donation to the American Red Cross’ hurricane recovery effort. The Company made a $25,000 donation today to the American Red Cross and will contribute an additional $25,000 on behalf of its customers over the next 10 days. “Many people in the Mid-Atlantic region including many of our customers have suffered tremendously as a result of the storm. To assist them, and in support of the critically important work being done by local police, fire, EMT and rescue workers, we are pleased to support the American Red Cross’s hurricane recovery effort,” said Geoff Rochwarger, IDT Energy’s CEO. “In addition, to help families cope with the impact of the storm, we are offering a $25 rebate on electric service to qualified IDT Energy customers. To learn more including offer terms and conditions, contact us through our toll free number 1-877-887-6866 or online at www.idtenergy.com. The Company said that many of its 500,000 customers have been impacted by the storm, and it has added customer service representatives to help them reach their utility and obtain additional information. The IDT Energy toll free customer support number is 1-888-310-1398. The IDT Energy donation, which was presented by Mr. Rochwarger to the New York Red Cross during its daily briefing this afternoon, will help provide food, shelter, clothing and other needed assistance to families displaced by the storm. “We believe strongly in helping families recover from this devastating storm. We intend this contribution to help kick-start the recovery effort, and we encourage other businesses and individuals to support the American Red Cross’ important efforts,” concluded Mr. Rochwarger. About IDT Energy: IDT Energy is one of the largest retail energy providers (REP) supplying electricity and natural gas to residential and small business customers in the Northeastern United States. IDT Energy is a subsidiary of Genie Energy Ltd (NYSE: GNE). For more information, visit www.idtenergy.com.
In trading on Thursday, shares of Genie Energy Ltd.'s Series 2012-A Preferred Stock were yielding above the 9% mark based on its quarterly dividend (annualized to $0.6376), with shares changing hands as low as $7.01 on the day. As of last close, GNE.