Smart. Simple. Secure.

Dallasites, lock down the best electricity rates with this easy service

Feel secure in knowing that you always have the best rate.

Courtesy photo

The Texas energy market is deregulated, which is great in the sense that you have hundreds of plans and providers from which to choose.

The not-so-great part is keeping up with it all. Cue EnerGenie, your personal electricity shopper.

It sifts through all the different options to continually find you the best one, and takes care of everything from sign-ups and renewals to customer service communication.

The basics
EnerGenie does all the legwork for you by crunching the numbers on hundreds of plans in your area to find you the best electricity rate. It signs you up for the best plan and then monitors your account usage, using that data to scour the electricity market for the new best rate when it's time to renew.

The extras
You don't have to be on the lookout for gimmicky plans and rate hikes. EnerGenie uncovers all the tricky stuff up front so you get the best plan for your needs — and no surprises.

The process
EnerGenie handles all communication and sign-ups with the electric company, and ensures that there is zero disruption between your old plan and the new one. If any issue or questions arise, they handle them for you.

The savings
CultureMap readers can get 10 percent off EnerGenie subscription fees by using code CULTURE when you sign up here.

Plastic Container News

Dallas-based Container Store joins wave of stores filing bankruptcy

Container Store

Container Store

Container Store

Another seemingly popular retailer has filed for bankruptcy: According to a release, the Container Store has filed for protection under Chapter 11 of the U.S. Bankruptcy Code, effective December 22.

The company is not closing down, says president and CEO Satish Malhotra in a statement.

“The Container Store is here to stay," Malhotra says. "Our strategy is sound, and we believe the steps we are taking today will allow us to continue to advance our business, deepen customer relationships, expand our reach, and strengthen our capabilities."

The Company has filed a motion with the Bankruptcy Court that will allow it to make timely payments to vendors, suppliers, and other trade creditors in full.

The stores and website will continue to operate as normal; all customer deposits and orders will be honored and delivered as normal.

At least 90 percent of the company’s loan lenders have pledged their support. A recapitalization will provide millions in new financing as well as debt service relief. This will strengthen their balance sheet and liquidity position, so they can meet commitments to partners and vendors.

Founded in 1978 and headquartered in Coppell, the Container Store offers organizing solutions and in-home services, with more than 10,000 products to complete any space, sold at more than 100 locations nationwide and a flagship online store.

When they first debuted, they were an utter revelation with all of their various plastic containers and tubs — a market that is now also filled by cheaper knockoffs sold at a much lower price at places like Target.

“We are particularly excited about the future of our custom space offerings, which continue to demonstrate strength," Malhotra says. "We intend to maintain our strong workforce and remain committed to delivering an exceptional experience for our customers while we execute this recapitalization and for many years to come.”

The Chapter 11 process does not include the Company’s Elfa business in Sweden, which continues to operate as usual.

There is starting to be a wave of bankruptcy filings of retailers that include Big Lots, which is holding going-out-of-business sales in anticipation of a company-wide closure; and Party City, which is closing its stores at the end of February.

The Container Store has created a dedicated website for stakeholders to get information about the Chapter 11 case at www.futureforcontainerstore.com.

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