Safe Current is an unregulated subsidiary of The Cleveland Illuminating Company that sells direct to businesses and consumers. It will be operated as a stand alone business leveraging the existing resources and goodwill of TCIC.
Safe Current will be located on site at TCIC, using an office within the complex and also sharing TCIC's computer network connection and phone connections. Safe Current will operate their own customer service call department. Safe Current will use TCIC's existing call center for sales calls and TCIC's existing billing system as well as their order fulfillment and shipping departments. Safe Current will pay a flat rate (10%) for these services.
The Cleveland Illuminating Company has chosen to create Safe Current as a means of increasing the rate of return to shareholders outside the government regulated rates available to electric utilities.
Safe Current is a wholly owned subsidiary of TCIC.
Safe Current will leverage the existing resources of TCIC and pay a set overhead fee for the resources used. Equipment that will be needed as follows: