Start-up Retail Supplier Park Power Preparing to Launch in Multiple Markets

A start-up retail supplier called Park Power, LLC is preparing to serve mass market customers in states with purchase of receivables.

Park Power has applied for a Pennsylvania electric supplier license to serve residential customers and commercial customers under 25 kW at PECO, PPL, and Duquesne Light.

Park Power stated in its application that it, "will initially focus its marketing efforts on states which have incorporated Purchase of Receivables (POR) into their deregulation laws."

"The initial targeted states include Pennsylvania, Maryland, Ohio, Illinois, District of Columbia, Connecticut, New York, and New Jersey," Park Power said.

Park Power is led by Gary DeSanto, who serves as President. Mr. DeSanto is currently the Chief Executive Officer of DeSanto Realty Group, which is described as a nationally recognized real estate investment company. As CEO of DeSanto Realty Group since 2000, Mr. DeSanto has overseen the acquisition and/or management of properties in six states with 925,000-square feet of office/flex space and nearly 2,000 residential units. Mr. DeSanto has led the company through real estate acquisitions and transactions totaling over $300 million on behalf of 270 investors, Park Power said.

Additionally, Mr. DeSanto has also served as a marketing agent and consultant for an electricity supplier, and successfully built a sales force that generated a combined book of business with 20 million kWh per month in electricity supply. Mr. DeSanto regularly advises commercial property owners on electricity supply issues and opportunities.