THE STATE OF CONNECTICUT SELECTS TROY & BANKS FOR COST RECOVERY AUDIT OF ENERGY UTILITY BILLS

Energy and telecom consulting firm has saved clients over $100 million

BUFFALO, N.Y. – The State of Connecticut Office of Policy and Management has selected Troy & Banks to conduct a cost recovery audit of energy utility bills for Executive Branch agencies

“The state’s contract with Troy & Banks will focus on identifying inappropriate or erroneous energy utility bill charges, as well as recovering any refunds identified and authorized for collection,” said Raymond Wilson, Director of Energy Research and Policy Development.  “This represents a move forward in Connecticut’s efforts to reduce spending as well as save energy in state government buildings.  We understand the benefits of tracking our energy bills,” Wilson added.

“As energy and telecommunications costs skyrocket, our company helps municipalities and organizations reduce their operating costs by finding cost savings solutions and billing discrepancies,” said Thomas Ranallo, president of Troy & Banks.  “We have already saved over $100 million for our clients.  We have expanded our core business of auditing utility and telecommunications bills to include energy and telecom expense management solutions.”

Over the past 17 years, Troy & Banks has helped thousands of municipal entities, businesses, and corporations cut costs and secure refunds from overbilling.  Troy & Banks has provided services to the States of Missouri, South Carolina, Ohio, and New York; Counties of Rockland, NY, Erie, NY, Albany, NY; Cities of Naples, FL, El Dorado, KS, Olean, NY, Syracuse, NY and Buffalo, NY.  Also, the New York Stock Exchange, American Stock Exchange, Chicago Housing Authority, Greater New York Hospital Association, Massachusetts Hospital Association, Bayer Pharmaceuticals, New York Racing Association, Bronx-Lebanon Hospital Center, and Bryant & Stratton College.

Under the terms of the contract, Troy & Banks will undertake a systematic review of utility invoices to identify and compute potential billing errors or overpayments made that can be recovered from the appropriate utility provider.

“It is an honor to welcome Connecticut’s Office of Policy and Management as a Troy & Banks’ client,” said Ranallo.  “We are excited about the opportunity to help them reduce utility costs and consumption, and increase operational efficiencies.”

About Troy & Banks, Inc.: Since 1992, Troy & Banks, Inc. has saved its clients over $200 million in utilities and telecommunications costs.  The growth of the company has been fueled by national-level contracts with companies such as: Amtrak, Colgate-Palmolive Co., Bausch & Lomb Inc., L.L. Bean, New York Stock Exchange, U.S. Postal Service, and NBC Universal.  Headquartered in Buffalo, N.Y., Troy & Banks Inc. serves clients nationwide with representatives in 10 states.  For more information, please call Thomas Ranallo at 1-800-499-8599 or visit www.troybanks.com.