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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. [1] On December 11, 2008, UEG announced that it had acquired Commerce Energy. [2]
In January 2009, the Ontario Energy Board announced that it intended to fine Universal Energy Corporation $200,000CA for making "false, misleading or deceptive statements to consumers." [2] The announcement was the first such announcement since June 2003. [2] Canadian Billionaire Mark Silver is the company's founder and CEO.
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