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Mail Stop 03-08
								June 2, 2005

Mr. Christopher P. Westad
Chief Financial Officer
Able Energy, Inc.
198 Greenpond Road
Rockaway, NJ 07866

	RE:	Able Energy, Inc.
		Form 10-K for the Fiscal Year Ended June 30, 2004
		Filed September 28, 2004
      Form 10-Q for the Quarterly Period Ended March 31, 2005
      Filed May 16, 2005
		File No. 1-15035

Dear Mr. Westad:

      We have reviewed your filings and have the following
comments.
We have limited our review to only your financial statements and
related disclosures and do not intend to expand our review to
other
portions of your documents.  Where indicated, we think you should
revise your disclosures in future filings in response to these
comments.  If you disagree, we will consider your explanation as
to
why our comment is inapplicable or a revision is unnecessary.
Please
be as detailed as necessary in your explanation.  In some of our
comments, we may ask you to provide us with information so we may
better understand your disclosure.  After reviewing this
information,
we may or may not raise additional comments.

      Please understand that the purpose of our review process is
to
assist you in your compliance with the applicable disclosure
requirements and to enhance the overall disclosure in your
filings.
We look forward to working with you in these respects.  We welcome
any questions you may have about our comments or on any other
aspect
of our review.  Feel free to call us at the telephone numbers
listed
at the end of this letter.

Form 10-K for the Fiscal Year Ended June 30, 2004

General

1. Unless otherwise indicated, where a comment below requests
additional disclosures or other revisions to be made, these
revisions
should be included in your future filings, as applicable.

2. Please include "Item 9.  Changes in and Disagreements with
Accountants on Accounting and Financial Disclosure" in your Form
10-
K.  Refer to the Form    10-K Official Text and Item 304(b) of
Regulation S-K.  Tell us if there were any such changes or
disagreements during this past fiscal year.

3. Please include "Item 9B. Other Information" as required by SEC
Release No.    33-8400 which was effective on August 23, 2004.
Also
refer to the Form 10-K Official Text.

4. Please include all the information required by Item 9(e) of
Schedule 14A in "Item 14.  Principal Accountant Fees and Services"
which was added by Release No. 33-8183.  The new disclosure
requirements were effective for annual reports for the first
fiscal
year ending after December 15, 2003.  If you choose to incorporate
this information by reference to your definitive proxy statement,
please follow the procedures in paragraph G of the General
Instructions to the Form-K Official Text.

Cover Page

5. Please revise to state the aggregate market value of voting and
non-voting common equity held by non-affiliates as of the last
business day of your most recently completed second fiscal
quarter.

Selected Financial Data, page 14

6. Please properly label this Item 6 as "Selected Financial Data."

7. In accordance with Item 301 of Regulation S-K, present the
required selected financial data for the last five fiscal years.

8. Since you have reported discontinued operations in your
statements
of income (loss), please clearly indicate that your net income
(loss)
and net income (loss) per share if from continuing operations.
Additionally, please clearly indicate whether your net income
(loss)
per share is presented on a basic or diluted basis.  Refer to Item
301 of Regulation S-K.
Management`s Discussion and Analysis of Financial Condition and
Results of Operation, page 15

General

9. As required by Item 303 of Regulation S-K, please revise to
include tabular disclosure of contractual obligations.  In
addition
to the specific items required by Item 303 of Regulation S-K,
please
include either in the table or in a footnote to the table,
estimated
interest payments of your debt, commitments and any additional
information that is material to understanding your cash
requirements.
We believe this information provides increased transparency of
your
cash flows.  Additionally, to the extent you have any off-balance
sheet arrangements, please disclose them in a separately captioned
section within Managements` Discussion and Analysis (MD&A).

10. Please revise to include a discussion of your critical
accounting
estimates.  Ensure that your discussion focuses on the level of
subjectivity and judgment involved in the application of your
accounting policies and the likelihood that materially different
amounts would be reported under different conditions or if using
different assumptions.  Additionally, disclose whether you have
discussed your critical accounting estimates with your audit
committee.

11. With a view towards enhancing your disclosure, please review
SEC
Release No. 33-8350 and revise your MD&A to provide a more
thoughtful, qualitative discussion regarding the quality of, and
potential variability of your earnings and cash flows so that
readers
can ascertain the likelihood that past performance is indicative
of
future performance.  Following are some specific revisions you
should
consider:

* Consider starting your MD&A with an executive-level overview
section that provides context for the remainder of the discussion.
* Identify and discuss key performance indicators that are used to
manage the business and would be material to investors.
* Expand your discussion of the changes in financial statement
line
items to indicate whether the changes represent trends expected to
continue into the future.

Results of Operations, page 15

Year ended June 30, 2004; Compared to the Year ended June 30,
2003,
page 15

12. To the extent material to understanding your results of
operations, please expand your disclosure to include discussions
of
significant statement of income line items such as depreciation
and
amortization expense, the components of your other income
(expense),
provision for income taxes and gains and losses from your
discontinued operations.  Refer to the instructions to Item 303(A)
of
Regulation S-K.

13. When discussing selling, general and administrative expenses
(SG&A) please consider indicating the total year-to-year dollar
and
percentage increase in addition to presenting SG&A as a percentage
of
sales.  Furthermore, please quantify the extent to which each
factor
listed contributed to the overall change.

Liquidity and Capital Resources, page 18

14. Please expand your discussion to include any known trends or
any
known demands, commitments, events or uncertainties that will
result
in or that are reasonably likely to result in a material increase
or
decrease in liquidity.  Additionally describe your internal and
external sources of liquidity as well as any material unused
sources
of liquid assets.  Furthermore, with respect to capital resources,
please disclose any material commitments for capital expenditures
as
of the end of the latest fiscal period and indicate the general
purpose and anticipated source to fulfill the commitments.  Refer
to
Item 303 of Regulation S-K.

Financial Statements

General

15. Please provide Schedule II - Valuation and Qualifying Accounts
for the activity in your allowance for doubtful accounts.
Alternatively, you may provide such disclosure in the notes to the
financial statements or in MD&A.  See Rules 5-04 and 12-09 of
Regulation S-X.

16. Please present selected quarterly financial data as required
by
Item 302(a) of Regulation S-K.

Consolidated Balance Sheet, page F-3

17. Either revise your balance sheet to reclassify your due from
officer line item as a contra-equity account or tell us why you
believe it is properly reflected as an asset.  Generally, loans
made
to management or principle owners are reflected as a contra-equity
account unless repaid by such persons before the financial
statements
are issued and filed.

Consolidated Statement of Income, page F-5

18. We note in your business section that you consider service and
installation services to be an integral part of your business.  To
the extent that these services and/or franchise revenues account
for
more than 10% of net sales, please break them out separately on
the
face of your statements of income.  Similarly, present the related
costs of sales in a similar manner.  Refer to Rule 5-03 of
Regulation
S-X.

19. Please correct the 2003 weighted average number of common
shares
outstanding and the weighted average number of common shares
outstanding assuming dilution.  It appears that you have reversed
the
numbers of these line items.

Consolidated Statement of Cash Flows, page F-7

20. Please reclassify your insurance proceeds as cash flows from
investing activities or tell us why you believe your current
classification is appropriate. Refer to footnote 5 to paragraph 16
of
SFAS 95 as amended by SFAS 145.

Notes to Consolidated Financial Statements

Note 1.  Summary of Significant Accounting Policies

General

21. Please disclose the types of expenses that you include in the
cost of sales line item and the types of expenses that you include
in
the selling, general and administrative expenses line item.  In
doing
so, please disclose specifically whether you include inbound
freight
charges, purchasing and receiving costs, inspection costs,
warehousing costs, internal transfer costs and the other costs of
your distribution network in cost of sales.  If you currently
exclude
a significant portion of these costs from cost of sales, please
provide cautionary disclosure in MD&A that your gross margins may
not
be comparable to others, since some entities include the costs
related to their distribution network in cost of sales and others
like you exclude all or a portion of them from gross margin,
including them instead in a line item such as selling, general and
administrative expenses.  To the extent the excluded costs are
material to your operating results, quantify these amounts in
MD&A.
If you determine that these amounts are immaterial for disclosure,
please provide us with your qualitative and quantitative
assessment
of materiality for all periods presented.

Property and Equipment, page F-10

22. Please revise to disclose specific and more meaningful ranges
of
estimated useful lives for each category of property and
equipment.

E-Commerce Operating System Development Costs, page F-10

23. It appears that your website development costs were
capitalized
by your subsidiary, PriceEnergy.com, Inc.  Please tell us why you
believe these capitalized costs are not impaired given the losses
incurred by this subsidiary, as disclosed on page F-9.  Provide us
with the details of the impairment analysis you have performed or
tell us why an impairment test was not deemed necessary.  Refer to
SFAS 144 and paragraphs 34 and 35 of SOP 98-1.

Intangible Assets, page F-10

24. Please tell us the factors, both positive and negative, which
you
examined in determining that your customer list is an intangible
asset with an indefinite useful life and shall no longer be
amortized.  Unless you can demonstrate that your customer list can
generate cash flows indefinitely, we would expect them to be
amortized over a useful life determined under paragraph 11 of SFAS
142.  We may have further comment.

Fair Value of Financial Instruments, page F-12

25. Please disclose the fair value of your long-term debt.  Refer
to
SFAS 107.

Note 4.  Notes Payable Bank, page F-16

26. Please definitively state whether you are or are not in
compliance with each covenant enumerated in your loan facility
with
UPS Capital Business Credit.

Note 7.  Income Taxes, page F-22

27. Please include a reconciliation of your income tax expense
from
the amount that would result from applying the domestic federal
statutory tax rate.  Refer to paragraph 47 of SFAS 109.

Note 10.  Commitments and Contingencies, page F-25

28. Please explain your basis for deferring incurred costs of
$102,956 when you have not received approval for reimbursement.

29. To the extent it is reasonably possible you will incur losses
related to the Hicks vs. Able Energy, Inc. lawsuit, the Merriam
Gateway vs. Able Energy, Inc. lawsuit, the Courtright v. Able
Energy,
Inc lawsuit, the Scholz v. Able Energy Inc. lawsuit or any other
claim that your insurance carrier may not cover, please provide
the
applicable disclosures in accordance with SFAS 5, including the
amount or range of reasonably possible losses.  Alternatively, if
no
losses are believed to be reasonably possible, please state this
in
your disclosure.  See also the guidance provided in SAB Topic 5:Y
and
SOP 96-1.

Note 15.  Stock Option Plans, page F-30

30. Please revise your disclosure to include all applicable
disclosures under SFAS 123, as amended by SFAS 148.  Your current
disclosure and rollfoward of stock option plans is not sufficient
in
this regard.  You should also disclose whether you use the
intrinsic
value method or the fair value method of accounting for stock
options.  Additionally, please ensure the mathematical accuracy of
your rollfoward of stock options and that the rollforward reflects
all activity between each fiscal year-end period presented.

Note 20.  Business Segment Information, page F-32

31. Disclosures within your "Business" section indicate that you
sell
several types of products and provide services.  Please revise
your
filing to provide revenue disclosures by product group and
services.
Your disclosures suggest that revenue should be disclosed for the
following product groups and services:

- Home heating oil
- Gasoline, diesel fuel, kerosene, propane and lubricants
- Equipment sales and services
- Installation repairs and services

If you believe that other product and/or service categories are
more
appropriate, please advise.  Refer to paragraph 37 of SFAS 131.

Note 22.  Sale of Subsidiary, page F-32

32. Your disclosure indicates that $394,500 is classified as
"other
income" in your statement of income.  However, we note that your
statement of income shows a zero balance for "other income" for
all
periods presented.  Please reconcile this difference for us.

Exhibits, List and Reports on Form 8-K

33. Please re-number Item 14 as Item 15.  Refer to SEC Release No.
33-8238.

Exhibit 21.1

34. Please update Exhibit 21.1 or otherwise explain to us why this
listing does not include subsidiaries such as PriceEnergy and why
it
includes Able Propane L.L.C. which was sold during the year.

Form 10-Q for the Period Ended March 31, 2005

Cover Page

35. You have indicated on your cover page that you are an
accelerated
filer.  Please either confirm this and provide us with your market
value calculation as defined in Rule 12b-2 of the Securities
Exhange
Act of 1934 or correct your cover page going forward.

Management`s Discussion and Analysis of Financial Condition and
Results of Operations, page 22

Results of Operations, page 22

Three and Nine Months Ended March 31, 2005, Compared to the Three
and
Nine Months Ended March 31, 2004, page 22

36. Please expand your disclosure to include a discussion of
changes
in period-to-period revenues, gross profit margin and selling,
general and administrative expenses for three months ended March
31,
2005 compared to the three months ended March 31, 2004.

      As appropriate, please respond to these comments within 10
business days or tell us when you will provide us with a response.
Please furnish a letter that keys your responses to our comments
and
provides any requested information.  Detailed letters greatly
facilitate our review.  Please understand that we may have
additional
comments after reviewing your responses to our comments.

      We urge all persons who are responsible for the accuracy and
adequacy of the disclosure in the filings to be certain that the
filings include all information required under the Securities
Exchange Act of 1934 and they have provided all information
inves