The owner of Able Energy Co. said Monday the company will resume fuel deliveries within two weeks, after dealing with a number of setbacks that halted deliveries over the summer.
The Warrensburg company has been the focus of customer complaints and queries to Warrensburg town officials recently, after its office apparently closed for several weeks, calls weren’t answered and there were no indications that deliveries were continuing.
Vincent Franzone, the New York City-based owner of the company, would not discuss the issue when reached Friday.
But Monday, after a Post-Star article on the situation, he told a reporter the company was “recapitalized” and deliveries would begin again later this month.
“We’re not going out of business,” he said. “Everyone will get their fuel.”
He said 95 percent of the company’s customers received fuel on a cash-on-delivery basis, and only a small portion were “budget plan” customers who paid set rates through the year on payment plans.
He estimated the company has about $10,000 worth of budget business, and any of those customers who wanted refunds would get them.
Franzone, who bought Able Energy in 2010 and subsequently bought two other smaller fuel companies in the region, said he “gave away $400,000 worth of fuel for the prior owner” when taking over the company.
The prior owner sold the company amid financial issues and that led to numerous customers being owed fuel and/or money.
Franzone said he was “reorganizing the company” and a number of factors caused a “slowdown” over the summer, including injuries to two drivers.
“We slowed down for the summer. I had no choice,” he said. “A whole bunch of things happened at the same time, but we’re not going out of business.”
Warrensburg Supervisor Kevin Geraghty said town officials have been getting calls for weeks about the company’s lack of response, and callers have been referred to the state Attorney General’s Office.
That agency has not said if it is investigating the situation, but Franzone said he has not heard from the Attorney General’s Office.