|
|
|
|
Regulator's Staff Seeks $124,000 Fine Against Retail Supplier
The following story is brought free of charge to readers by EC Infosystems, the exclusive EDI provider of EnergyChoiceMatters.com
The Office of Education, Outreach, and Enforcement (EOE) of the Connecticut PURA requested that PURA issue a Notice of Violation and Assessment of a Civil Penalty (NOV), in the amount of $124,000, against Mega Energy of New England, LLC (Mega or Company) for Mega's alleged failure to timely make certain compliance filings
Mega Energy provided the following statement concerning the matter:
"The Company’s delay in submitting the required filings is an unfortunate oversight from our compliance team. We will continue efforts to reach an agreement with the Office of Education, Outreach, and Enforcement of the Connecticut Public Utilities Regulatory Authority within the state of Connecticut."
--- Statement from Mega Energy
To the extent PURA elects to issue the NOV sought by EOE, Mega would have the right to contest the NOV and seek a hearing
EOE alleged that, "Mega Energy of New England, LLC (Mega) did not timely make the following compliance filings: Disclosure Label (due September 15, 2022), Form 5 (due October 15, 2022), Form 6 (due October 15, 2022), Conn. Agencies Regs. § 16-245-3 (due October 15, 2022)."
EOE sought a fine of $1,000 per day that each compliance filing was allegedly late. EOE alleged, "Two filings were each twenty-two days late, one filing was twenty-four days
late, and one filing was fifty-six days late, totaling one hundred twenty-four (124) days late for all filings combined, resulting in a total penalty of $124,000," EOE alleged
Specifically, EOE alleged, "Based on a review of Mega’s compliance history, the Authority has reason to believe that the Company did not file a Disclosure Label on September 15, 2022, but filed it instead on November 10, 2022, fifty-six days late, after a reminder from EOE."
EOE alleged, "Mega last submitted a Form 5 on June 23, 2022. This mid-cycle submission was due to changes in the Form 5 and does not obviate the need for the annual submission on October 15.4 Based on a review of Mega’s compliance history, the Authority has reason to believe that the Company did not file a Form 5 on October 15, 2022, and instead filed it on November 8, 2022, twenty-two days late and after a reminder from EOE."
EOE alleged, "the Authority has reason to believe that the Company failed to timely comply with Conn. Gen. Stat. § 16-245o(h)(9) and made its annual Form 6 compliance filing on November 10, 2022, twenty-four days late, after receiving a reminder from EOE."
EOE alleged that the annual Conn. Agencies Regs. § 16-245-3 filing, which addresses the amount of gross receipts for security compliance and other matters, was filed by Mega 22 days late.
"As an electric supplier Mega should be aware of due dates for annual compliance filings. In the present case, EOE has sent correspondences to Mega five times in the past two years regarding compliance filings.5 Reliance on regulatory staff for constant monitoring of filings is not an acceptable method of complying with licensing requirements, nor does it demonstrate managerial capability," EOE alleged
EOE further alleged, "Pursuant to Mega’s own late-filed gross receipts compliance, Mega grossed more than $3.7 million in 2021. See Compliance Filing dated November 8, 2022. This was an increase over its 2020 gross receipts despite Mega permanently withdrawing from the Connecticut residential market by August 2021."
Docket No. 13-03-09
ADVERTISEMENT ADVERTISEMENT Copyright 2010-22 Energy Choice Matters. If you wish to share this story, please
email or post the website link; unauthorized copying, retransmission, or republication
prohibited.
November 28, 2022
Email This Story
Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
NEW Jobs on RetailEnergyJobs.com:
• NEW! -- Pricing Manager -- Retail Supplier
• NEW! -- Pricing and Operations Analyst
-- Retail Supplier
• NEW! -- Sales Director
• NEW! -- Market Operations Analyst -- Retail Supplier
• NEW! -- Accounting Manager -- Retail Supplier
• NEW! -- Sales Development Representative
• NEW! -- Operations Analyst/Manager - Retail Supplier
• NEW! -- Customer Success
• NEW! -- Operations Manager - Retail Supplier
• NEW! -- Marketing Associate - Retail Supplier
• NEW! -- Supervisor-Commercial Operations
• NEW! -- Market Operations Analyst
• NEW! -- Customer Data Specialist
• NEW! -- Director, Regulatory Affairs, Retail Supplier
• NEW! -- Account Manager Project Manager
• NEW! -- Retail Energy Policy Analyst
• NEW! -- Incentive Specialists
• NEW! -- Utility Rates Specialist
• NEW! -- Customer Onboarding Specialist
• NEW! -- Energy Performance Engineer
|
|
|