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New York PSC Revokes Licenses of Four ESCOs, Issues Show Cause Order To Fifth

January 25, 2016

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Copyright 2010-16 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com

The New York State Public Service Commission announced administrative actions against five ESCOS for what the PSC said was non-compliance of Commission rules for maintaining their eligibility status in New York State.

As a result, four ESCOs lost their ability to sell electricity or natural gas in New York State; a fifth company potentially faces a similar fate.

According to the PSC, none of the ESCOs had yet served customers since receiving their ESCO license.

The PSC revoked the following companies' ability to do business in New York for what the PSC said was failure to submit documentation required to maintain their eligibility status as required by the Uniform Business Practices.

• Ipsum Solutions, Inc., Liverpool, NY

• National Power & Gas, Inc., Brooklyn, NY

• Spectrum Gas & Electric, LLC, Miami Beach, FL

• Energy Your Way, LLC, Rolesville, NC

"Although the companies hadn't yet served customers, the steps being taken were necessary because they failed to comply with regulations, and as a result they should not be serving customers," said Commission Chair Audrey Zibelman. "These companies are required to abide by the regulations, regardless of whether they currently have customers or not."

Additionally, the PSC ordered Econopower, LLC of Huntington, NY, to show within 30 days why its eligibility to act as an ESCO should not be revoked or why other consequences should not be imposed.

The PSC said that Econopower failed to submit the required information mandated under the triennial filing requirement; the Commission is now considering revoking Econopower's eligibility.

"It is important that energy providers follow New York's rigorous rules and regulations and adhere to best practices in regards to customer service. Failure to do so means that the companies run the risk of forfeiting their rights to do business in New York," the PSC said

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