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Averred Owners of Texas REP Say They Have Restraining Order Against Individuals from Taking Action on Behalf of Company (Such as Filing for REP Certificate Amendment)
A dispute concerning the control of Jade Energy, LLC d/b/a Bose Power & Electric continues to play out at the Public Utility Commission of Texas as well as the courts as Subhash and Sarojini Bose, who aver to own and control the company, have protested the latest filing purported to have been made on behalf of Jade Energy, which seeks a REP certificate amendment to reflect a change in control.
See background on the matter here
In response to the latest December 17 REP certificate amendment filing sought for Jade Energy, counsel for Drs. Subhash and Sarojini Bose informed the PUCT that, "A company in which they own and have invested 100% of the capital has had a member submit the above referenced filing attempting to change ownership without either their knowledge or permission. We are respectfully asking that we be allowed to intervene in the above referenced docket number and request that the filing be withdrawn."
Counsel for Subhash and Sarojini Bose further said that, "Moreover, on November 25, 2014 a Judge signed a Temporary Restraining Order restraining Rafael S. Patag, Jr and Rico A. De Los Reyes from taking any action on behalf of Jade Energy, LLC, Bose Power & Electric, and Bose Power & Electric Clearing House. A Temporary Injunction hearing was set for December 9, 2014 and during that hearing the Judge reset the hearing to December 22, 2014 and the Temporary Restraining Order was to continue in effect until that time. Today on December 19, 2014 Dr. Subhash Bose, Dr. Sarojini Bose, Mr. Rafael S. Patag, Jr. and Mr. Rico A. De Los Reyes all agreed to reset the December 22nd hearing and extend the effects of the Temporary Restraining Order until January 5, 2014."
The restraining order, which counsel attached to their correspondence to the PUCT, states that, "The court, after examining the pleadings, finds there is evidence ... Plaintiff [Drs. Subhash and Sarojini Bose] will prevail over the Defendants Rafael S. Patag Jr., and Rico Agustin De Los Reyes."
PUCT Docket 43987
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December 23, 2014
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Copyright 2010-14 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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