Press Release

Shell Energy to sell assets to MXenergy

19/05/2006

Shell Energy residential and commercial customers will continue to receive reliable and uninterrupted natural gas supply service during this transition

Shell Energy Services Company, L.L.C., (Shell Energy) has entered into an agreement to sell substantially all of its assets to MxEnergy Inc. (MXenergy).  The sale is expected to close mid-2006 subject to state and federal regulatory approvals.

Shell Energy residential and commercial customers will continue to receive reliable and uninterrupted natural gas supply service during this transition. No action is required from customers in order to transition from Shell Energy to MXenergy, and all contracts will be honored in full.  As the closing date approaches, customers will receive a letter providing additional information.

“We have built a healthy natural gas business that started when markets were opened to competition in the late 90s,” said Steven Murray, president and CEO of Shell Energy.  “The purchase agreement with MXenergy allows customers to continue to be served by a supplier with a strong reputation and allows Shell to reinvest in projects that support its business strategy of more upstream, profitable downstream.”

“The core mission of MXenergy is to help both families and businesses control their energy bills,” said Jeffrey Mayer, president and CEO of MXenergy.  “We are eager to give our newest customers in Ohio and Georgia the high level of service we already provide to our customers across the United States and Canada.”