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Texas REP Files Amendment, Notes Recent Transaction

March 15, 2024

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Copyright 2010-23 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com

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OhmConnect Texas LLC filed for an amendment to its Texas REP certificate to, among other things, update its financial qualification in light of a recent transaction

OhmConnect Texas LLC stated, "On March 6,2024, a transaction occurred impacting the Applicant's ultimate corporate parent. This transaction will not transfer the REP certificate or impact the ownership of the Applicant, the Applicant's Parent, or the Applicant's Parent's Parent and will be completely unnoticeable to the customers of the REP. In connection with transaction, however, the Applicant will change the method by which it means the Access to Capital requirement from 25.107(f)(1)(A) to 25.107(f)(1)(B)."

OhmConnect Texas did not further discuss the transaction in a public version of its filing, but, as previously reported, OhmConnect, Inc. was involved in a merger agreement, along with Google Nest Renew, to form Renew Home

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