Metretek Technologies Announces Termination of SEC Inquiry

  
    
  
  
    
      Metretek Technologies, Inc. (Amex:MEK) announced that it has 
      received a letter from the Securities and Exchange Commission advising 
      the company that the SEC's investigation has been completed and that the 
      SEC does not intend to recommend any enforcement action.
    
    
      The letter concludes the SEC's informal, non-public inquiry commenced in 
      May 2006 into certain events relating to announcements made by the 
      company in February and March 2006 of orders received by the company's 
      subsidiary PowerSecure, Inc. These events included events that had 
      been the subject of a previous review by the National Association of 
      Securities Dealers, on behalf of the American Stock Exchange.
    
    
      Sidney Hinton, president and CEO of Metretek Technologies, noted that 
      the Company had fully cooperated with the SEC inquiry and the earlier 
      NASD review, which had been previously disclosed by the company in its 
      SEC filings. The initial letter of inquiry by the SEC and the initial 
      letter of review by the NASD had each advised the company that such 
      inquiry and review should not be construed as an indication that any 
      violation of law had occurred.
    
    
      "We know that there are investors who have been interested in the status 
      of the inquiry," said Hinton, "and we are pleased to announce that the 
      matter is now behind us."
    
    
      About Metretek Technologies:
    
    
      Metretek Technologies, Inc. through its subsidiaries -- PowerSecure, 
      Inc.; Southern Flow Companies, Inc.; and Metretek, Incorporated 
      (Metretek Florida) -- is a diversified provider of energy measurement 
      products, services and data management systems to industrial and 
      commercial users and suppliers of natural gas and electricity.