PowerOptions Continues Expansion in Connecticut
HARTFORD, Conn., July 13, 2017 – For nonprofit organizations, energy costs can be a large part of the annual operating budget and diminish funds available to pursue the mission. That’s why PowerOptions, a nonprofit energy buying consortium, is continuing its expansion into Connecticut to help nonprofits save money on electricity. PowerOptions announced today that the San Juan Center of Hartford has signed on as a new member.
“For us, any savings we achieve on energy costs enables us to better serve the community,” said Fernando Betancourt, Executive Director of the San Juan Center. “When we evaluated our electricity choices, PowerOptions had the lower price. They give us important cost savings and budget predictability.”
With nearly 500 members across Connecticut, Massachusetts and Rhode Island, PowerOptions solicits competitive bids from leading energy suppliers, negotiating beneficial pricing on behalf of their members for cost-savings and reliability. PowerOptions’ members purchase approximately $200 million in energy annually through the electricity and natural gas programs.
“We’re pleased to welcome the San Juan Center as the newest addition to our growing membership,” said PowerOptions President and CEO Cynthia A. Arcate. “The Center is the perfect example of why we operate the way we do – securing competitive pricing and serving as an energy advisor so our nonprofit and government members can focus their efforts and resources on their missions.”
PowerOptions was founded in 1998 to help nonprofits consolidate their energy buying influence and has been expanding in Connecticut and Rhode Island since 2016.
“PowerOptions was the right choice for us for many reasons, but it didn’t hurt that they are a nonprofit themselves – there’s a natural trust there between like-minded, mission-driven organizations,” said Betancourt.
About PowerOptions
PowerOptions is a nonprofit energy buying consortium that delivers cost savings and predictability to nonprofits and the public sector in Massachusetts, Connecticut and Rhode Island. With nearly 500 members, our collective strength yields optimal pricing and stability for our entire membership of organizations both large and small. PowerOptions was formed to help nonprofits consolidate their energy buying influence. Since 1998, our mission has been to save members time and money.
About the San Juan Center
The oldest Latino nonprofit organization in the Greater Hartford area, the San Juan Center provides essential public services including educational and employment programs (focused around, but not limited to computer literacy training), and an active information and referral service that helps clients find solutions to various health, housing, human service and crisis counseling needs. In addition to owning the building at 1283 Main Street, which houses our headquarters, we also built and now manage a 36-unit Senior Housing Complex on Belden St. and a Thrift Store on Main Street, that address the most basic needs of the community.