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Texas PUC Staff Issue Further RFIs To Enron Energy Texas, LLC In REP Application Proceeding
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Staff of the Texas PUC have issued a set of further Requests for Information (RFIs) to Enron Energy Texas, LLC in the PUC proceeding which is reviewing Enron Energy Texas, LLC's application for an Option 1 Texas retail electric provider certificate
See background here
Separately, prior to Staff's issuance of the additional RFIs, an ALJ had extended until July 28, 2025, the deadline for Enron Energy Texas, LLC to file a response to PUC Staff's previously filed recommendation on final disposition of the application. As previously reported, PUC Staff on June 16 had filed a recommendation stating that Enron Energy Texas, LLC's application should be denied from a technical and managerial perspective, with Staff recommending that the application proceeding be dismissed without prejudice.
Of note, an ALJ had ruled that Enron Energy Texas, LLC's application was administratively complete for further review (generally meaning that the application is "sufficient") on May 12, 2025.
Under PUC rules, the presiding officer will issue
an order approving, rejecting, or approving with modifications a REP application within 90 days
of finding an application sufficient, except where good cause exists to extend the time for review. To date, there has been no extension of this 90-day deadline, which has less than 30 days remaining until being reached.
With respect to the new RFIs, of potential note to future REP applicants, Staff asks whether the financial institution which issued an irrevocable standby letter of credit, to be used by Enron Energy Texas, LLC to meet certain financial standards for REP certification, required that Enron Energy Texas, LLC deposit collateral at the financial institution before issuing the letter of credit, and, if so, what percentage of the face value of the irrevocable standby letter of credit was deposited
Staff's full list of additional RFIs are below:
Staff 2-1 - Provide proof that the irrevocable standby letter of credit filed in Project No. 37919 is maintained at a financial institution that is supervised or examined by the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, or a state banking department, in accordance with 16 TAC § 25.107(f)(4)(F).
Staff 2-2 - Did the financial institution which issued the aforementioned irrevocable standby letter of credit require that Enron Energy Texas, LLC deposit collateral at the financial institution before issuing the letter of credit? If so, specify what percentage of the face value of the irrevocable standby letter of credit has been deposited by Enron Energy Texas, LLC at the financial institution.
Staff 2-3 - Please refer to the balance sheet of Enron Energy Texas, LLC filed on April 23, 2025.
a. Provide a bank statement demonstrating that Enron Energy Texas, LLC has access to the cash shown on the balance sheet.
b. Identify the entities or persons that provided this capital to Enron Energy Texas, LLC.
c. Enron Energy Texas, LLC has several employees. By which entity or entities are these employees paid?
Staff 2-4 - Please refer to Attachment A-2. Provide a list of the equity owners of Enron Corporation Parent; specify therein the percentage of Enron Corporation Parent owned by each equity owner.
Staff 2-5 - Provide a current balance sheet for Enron Energy Texas, LLC.
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July 15, 2025
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Copyright 2025 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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