Vistra Energy Retail Suppliers Seek Approval To Offer Green Natural Gas Products In New York

June 18, 2020

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Copyright 2010-20 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com

Energy Service Providers, Inc. d/b/a New York Gas & Electric; U.S. Gas & Electric, Inc. d/b/a New York Gas & Electric; Everyday Energy, LLC d/b/a Energy Rewards; Public Power, LLC; Viridian Energy NY, LLC d/b/a Viridian Energy; Viridian Energy PA, LLC d/b/a Viridian Energy; and Ambit New York, LLC d/b/a Ambit (collectively, the 'Joint Petitioners', which are all Vistra Energy companies) sought a declaratory ruling from the New York PSC recognizing Vistra Energy’s renewable and/or green natural gas products, hereinafter referred to as 'Green Gas Products,' as permissible energy-related value-added products under the PSC's recent retail energy reset order or, in the alternative, providing the Joint Petitioners a limited waiver to sell Green Gas Products during the pendency of the Commission’s review of Green Gas Products in connection with Track II of the retail market review proceedings.

Specifically, Joint Petitioners seek recognition (approval) of a product that matches 50 percent of a customer’s natural gas consumption with carbon allowances from the Regional Greenhouse Gas Initiative (RGGI).

Joint Petitioners’ Green Gas Products would multiply a customer’s natural gas consumption in Million British Thermal Units (MMBtus) times 117, the pounds of CO2 emitted from the combustion of 1 MMBtu of natural gas, to identify the pounds of CO2 being produced by the customer. The resulting number would then be divided by 2 to determine the total CO2 pounds needed to offset 50 percent of the customer’s usage. All customers will be aggregated and each ton (1 ton equals 2,000 pounds) will be offset with RGGI CO2 allowances. Petitioners will demonstrate their compliance with the voluntary commitment on an annual basis by either retiring RGGI allowances or holding them in a designated segregated account used solely for RGGI allowances on Green Gas Products.

Case 15-M-0127 et al.

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