Large Energy Supplier Winds Down Retail Electric Supply Business
June 24, 2019 Email This Story Copyright 2010-19 EnergyChoiceMatters.com
Reporting by Paul Ring • email@example.com
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Mansfield Energy has elected to exit its retail electric supplier business, under the entity Mansfield Power and Gas, LLC (MPG), and recently wound down the operations
In a statement to EnergyChoiceMatters.com, Mansfield Energy stated, "Mansfield has elected to exit as a Retail Electricity Supplier in the PJM and ERCOT markets, preferring to focus on growing its wholesale and retail natural gas business as well as explore a more consultative approach pertaining to electricity supply."
In a filing to relinquish its Illinois retail electric supplier license, without prejudice to a later application for a license at some point in the future, Mansfield stated that, in Illinois, it did have electric customers throughout 2018 and into 2019, but that, "All customer contracts either expired or were mutually concluded via executed customer agreements."
In a filing to relinquish its Texas retail electric provider certificate without prejudice, Mansfield stated that, "MPG's customer's contracts expired and/or switched to alternative REP's prior to MPG submitting its REP License Amendment Application to the PUCT to relinquish its REP license."
For natural gas, Mansfield Energy, "continues to provide competitive pricing, risk management, and structured products for both choice and transport clients in the commercial, industrial, and government segments," the company said in a statement
"Also, Mansfield’s experienced wholesale team focuses on serving large direct connect industrial and utility consumers, municipalities, power plants, asset management agreements, and storage and pipeline optimization opportunities," the company said in a statement
Mansfield Energy also offers various fuels, such as refined fuels and biofuels, and associated logistics