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Retail Supplier to Pay $600,000 to Settle RPS Compliance Dispute
Clearview Electric, Inc. would pay $600,000 under a settlement with the Connecticut PURA to resolve RPS compliance disputes related to 2010, 2011, and 2012.
In brief, PURA had found in its RPS decisions that Clearview's unsettled RECs could not qualify as meeting its compliance requirement. Arguing that such an interpretation was not based in statute, Clearview appealed PURA's decisions to state court.
To settle the matter, Clearview and PURA have agreed that to resolve the 2010, 2011, and 2012 proceedings, Clearview will pay a total of $600,000. This amount shall be in lieu of, and in full satisfaction of, any and all ACPs ordered to be paid by Clearview in the 2010 RPS Decision, the 2011 RPS Decision, and any ACP liability that would arise out of Clearview's 2012 RPS obligation in Docket No. 13-06-11.
PURA had previously ordered that the alternative compliance payment required from Clearview was $620,000 for 2010 and $595,000 for 2011.
Under the settlement, Clearview agrees that it possesses no banked certificates from 2011 or 2012 to use toward its 2013 RPS obligation, and that it will assert no claim of banked certificates toward its 2013 RPS obligation.
Clearview also acknowledges that unsettled certificates will not be accepted by PURA as RPS compliance in any future RPS compliance year.
PURA has issued a draft resolution which would adopt and execute the settlement.
ADVERTISEMENT Copyright 2010-
August 20, 2014
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Copyright 2010-14 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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