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December 2, 2010

RetailOPCO of Texas, led by Australian Power Market Veterans, Receives Texas REP License
The PUCT granted RetailOPCO of Texas, Inc. a REP certificate.  As only noted in Matters, RetailOPCO is a start-up led by several veterans of the Australian power market (see 8/26).  Thomas Alexander Gilpin serves as CEO and Director of RetailOPCO of Texas, who was most recently General Manager for Commercial Operations at Australian Power & Gas, a residential-focused supplier with some 150,000 accounts, and Australia's fastest-growing publicly listed company.  Several other principals or investors in Australian Power & Gas are directors at RetailOPCO of Texas.  Kevin Howell, most recently Regional President, Texas, at NRG Energy, is also a director of RetailOPCO of Texas.

ConEdison Solutions Enters PECO Residential Market
ConEdison Solutions will formally announce this morning that it will offer residential electric service at PECO.  Additional details will be covered in tomorrow's update.  Though pricing first appeared on PA Power Switch this morning, the price is alternatively described as variable and fixed in different areas, so Matters will confirm the details prior to listing pricing tomorrow.

Utility Choice International Receives Maryland Broker Licenses
The Maryland PSC granted Utility Choice International electric and natural gas broker licenses to serve all customer classes in all service areas.  Though not made a formal requirement of licensure, the PSC will direct UCI to report to the PSC the monthly variable rates that its supplier, Volunteer Energy Services, will offer customers.  

Illinois Senate Delays Vote on Tenaska Sourcing Agreement Bill
The Illinois Senate has delayed a vote on SB2485, the Tenaska Taylorville Energy Center sourcing agreement bill, until January, after the Senate Executive Committee postponed a hearing on the bill because the bill did not have enough support to receive a favorable recommendation to the floor.  The new legislative session begins January 12; if the bill is not passed before then, it would need to undergo the entire legislative process again.

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