Universal Energy Group
Encyclopedia
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 it had acquired Commerce Energy
.
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...
energy company
Energy industry
The energy industry is the totality of all of the industries involved in the production and sale of energy, including fuel extraction, manufacturing, refining and distribution...
. It owns two subsidiaries
Subsidiary
A subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a...
, Universal Energy Corporation
Universal Energy Corporation
Universal Energy Corporation is a Canadian electric utility and natural gas retailer headquartered in Toronto, with offices throughout North America. It focuses on long-term sales of residential, commercial, and industrial natural gas in the provinces of Ontario and British Columbia...
and ethanol
Ethanol fuel
Ethanol fuel is ethanol , the same type of alcohol found in alcoholic beverages. It is most often used as a motor fuel, mainly as a biofuel additive for gasoline. World ethanol production for transport fuel tripled between 2000 and 2007 from 17 billion to more than 52 billion litres...
producer Terra Grain Fuels. The company is publicly traded on the Toronto Stock Exchange
Toronto Stock Exchange
Toronto Stock Exchange is the largest stock exchange in Canada, the third largest in North America and the seventh largest in the world by market capitalisation. Based in Canada's largest city, Toronto, it is owned by and operated as a subsidiary of the TMX Group for the trading of senior equities...
under the symbol UEG. On December 11, 2008, UEG announced that it had acquired Commerce Energy
Commerce Energy
Commerce Energy Group, Inc., based in Costa Mesa, California, was the parent company of a wholly owned independent electricity and natural gas marketing company, Commerce Energy Inc. The company was purchased by Universal Energy Group on December 11, 2008....
.