Chicago-based Promet Energy expands into Gary
By Carole Carlson firstname.lastname@example.org/648-3154 October 25, 2012 3:32PM
Tami White, president/chief operating officer of Promet Energy, (far left) talks with Gary Mayor Karen Freeman-Wilson during a ribbon-cutting ceremony for during an open house and ribbon-cutting for Promet Energy in the Miller section of Gary, Ind. Thursday October 25, 2012. At far right is Gregory White, chief executive officer, and at center is Paul Ciesielski, services manager for natural gas and liquid fuels for ArcelorMittal. | Stephanie Dowell~Sun-Times Media
Updated: November 27, 2012 10:48AM
GARY — The city is the hand-picked location of a rising natural gas and energy marketer that just landed a whopper of a new client.
Chicago-based Promet Energy Partners LLC celebrated the opening of its Gary office at 601 Lake St. Thursday at an open house hosted by the Gary Chamber of Commerce.
Promet is a wholesale marketer of natural gas and electrical power. It’s transitioning into an energy management company under the mentorship of its biggest client, ArcelorMittal USA, which has plants in Burns Harbor and East Chicago.
The husband-and-wife team of Gregory and Tami White founded Promet in 2004 and quickly established it as a leading minority business enterprise player in the energy market. In Promet’s first eight years, its annual sales exceeded $100 million.
Tami White, Promet’s president and chief operating officer, formerly worked in government affairs for Commonwealth Edison and Exelon Energy Delivery.
CEO Gregory White, a former manager at Commonwealth Edison in Chicago, said the privately held company began as a market supplier to commercial and industrial customers.
Now, the company will manage the energy consumption for the steel giant’s plants here. In addition, Promet will likely manage the energy needs of ArcelorMittal’s suppliers, as well, said Paul J. Ciesielski, a supply manager for the steel company.
Ciesielski said ArcelorMittal turned to Promet a few years ago to fulfill its steel contract obligation to use minority businesses. The relationship deepened, however, and the steel mill decided to work with Promet at its Gary office to oversee its energy needs.
“We’re looking forward to big things,” said Ciesielski.
Gregory White said the company’s so-called “think tank” will be headquartered in Gary.
Promet’s traders will work virtually around the clock monitoring and securing energy for its customers.