Able Energy, Inc - On September 28, 2006, Gregory D. Frost, the...

Able Energy, Inc - Recent Material Event

Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officer

On September 28, 2006, Gregory D. Frost, the Chief Executive Officer and Chairman of Able Energy, Inc. (the “Company”), gave notice to the Board of Directors that, he was taking an indefinite leave of absence as Chief Executive Officer of the Company and has resigned as Chairman of the Board. Mr. Frost will remain as a member of the Board of Directors. Mr. Frost’s leave of absence is effective immediately. Mr. Frost will continue his duties as a director of the Company and will be available to assist the Company’s officers to help ensure an orderly transition process.

Effective September 28, 2006, Mr. Christopher P. Westad, the acting Chief Financial Officer of the Company, was designated by the Board to serve as acting Chief Executive Officer. In connection with Mr. Westad’s service as acting Chief Executive Officer, Mr. Westad stepped down, temporarily, as acting Chief Financial Officer. The Board designated Jeff Feld, the Company’s Controller, as the acting Chief Financial Officer. Mr. Feld, age 44, has been with the Company since September 1999. Mr. Westad’s and Mr. Feld’s compensation will not be immediately affected by their respective new positions with the Company, however the Company expects that the Compensation Committee of the Board will evaluate and make recommendations to the Board on adjustments to Mr. Westad’s and Mr. Feld’s compensation in light of their respective current responsibilities.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized on this 29th day of September 2006.