Universal Energy Corporation is a Canadian

Canada

Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...

 electric utility

Electric utility

An electric utility is a company that engages in the generation, transmission, and distribution of electricity for sale generally in a regulated market. The electrical utility industry is a major provider of energy in most countries. It is indispensable to factories, commercial establishments,...

 and natural gas

Natural gas

Natural gas is a naturally occurring gas mixture consisting primarily of methane, typically with 0–20% higher hydrocarbons . It is found associated with other hydrocarbon fuel, in coal beds, as methane clathrates, and is an important fuel source and a major feedstock for fertilizers.Most natural...

 retailer headquartered in Toronto

Toronto

Toronto is the provincial capital of Ontario and the largest city in Canada. It is located in Southern Ontario on the northwestern shore of Lake Ontario. A relatively modern city, Toronto's history dates back to the late-18th century, when its land was first purchased by the British monarchy from...

, with offices throughout North America

North America

North America is a continent wholly within the Northern Hemisphere and almost wholly within the Western Hemisphere. It is also considered a northern subcontinent of the Americas...

. It focuses on long-term sales of residential, commercial, and industrial natural gas in the provinces of Ontario and British Columbia. It is a wholly owned subsidiary of Universal Energy Group

Universal Energy Group

Universal Energy Group, Ltd., abbreviated as UEG, is a Canadian energy company. It owns two subsidiaries, Universal Energy Corporation and ethanol producer Terra Grain Fuels. The company is publicly traded on the Toronto Stock Exchange under the symbol UEG. On December 11, 2008, UEG announced that...

.

History

In January 2009, the Ontario Energy Board

Ontario Energy Board

The Ontario Energy Board regulates natural gas and electricity utilities in the province of Ontario, Canada. This includes setting rates, and licensing all participants in the electricity sector including the Independent Electricity System Operator , generators, transmitters, distributors,...

 announced that it intended to fine Universal Energy Corporation $200,000CA for making "false, misleading or deceptive statements to consumers." The announcement was the first such announcement since June 2003.

Canadian Billionaire

Billionaire

A billionaire, in countries that use the short scale number naming system, is a person who has a net worth of at least one billion units of a given currency, usually the United States dollar, Euro, or Pound sterling. Forbes magazine updates a complete list of U.S. dollar billionaires around the...

 Mark Silver is the company's founder and CEO.

Ontario

Ontario

Ontario is a province of Canada, located in east-central Canada. It is Canada's most populous province and second largest in total area. It is home to the nation's most populous city, Toronto, and the nation's capital, Ottawa....

 MPP

MPP

MPP or M.P.P. may refer to:* 1-methyl-4-phenylpyridine, a toxic metabolite of MPTP causing symptoms of Parkinson's disease* Macro Pre-Processor, a make-like tool forming part of the package utility distributed with OpenAFS...

 Frank Klees

Frank Klees

Frank Klees is a Canadian politician and the Progressive Conservative member of Provincial Parliament for the riding of Newmarket—Aurora north of Toronto. He was a candidate in the 2009 Progressive Conservative leadership election placing second behind victor Tim Hudak.-Early life:Klees was born...

 sits on its board. Klees also received the single biggest contribution to his campaign to run as leader of the Progressive Conservative Party of Ontario

Progressive Conservative Party of Ontario

The Progressive Conservative Party of Ontario , is a right-of-centre political party in Ontario, Canada. The party was known for many years as "Ontario's natural governing party." It has ruled the province for 80 of the years since Confederation, including an uninterrupted run from 1943 to 1985...

 from OPTUS Capital Corporation owned by Silver. http://www.theglobeandmail.com/blogs/andrew-steele/watching-the-detectives/article1163346/