Retail Energy Supplier Acquiring Book of Customers
April 28, 2022 Email This Story Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • email@example.com
The following story is brought free of charge to readers byEC Infosystems, the exclusive EDI provider of EnergyChoiceMatters.com
On or about May 30, 2022, all Pennsylvania natural gas customers of Dominion Energy Solutions, LLC (DES) will be transferred to Interstate Gas Supply, Inc. (IGS).
After the transfer, DES will have no natural gas customers in Pennsylvania. At this time, it has not been determined if DES will abandon its Pennsylvania license, DES said in a filing
IGS will continue to honor the terms of the DES contracts for the duration of those agreements.
As previously reported, IGS and Dominion formed a joint retail energy venture (Wrangler). IGS later acquired additional interests in Wrangler such that (as of the most recent public disclosure) IGS owns 85% of Wrangler
As previously reported, IGS has recently acquired customer books from DES (directly or indirectly via Wrangler) in various states
Dominion previously said, in a 10-K filed in February 2022, that its final contribution to Wrangler, consisting of Dominion Energy’s remaining nonregulated natural gas retail energy marketing operations, closed in December 2021 for which Dominion Energy received $127 million in cash proceeds and retained (at such time, with the ownership interest later reduced in a separate transaction) a 20% noncontrolling ownership interest in Wrangler