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Texas REPs Ask Whether TDU Would Commit To New REP Affiliate (If Merger Approved) Not Becoming Option 1 REP
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The Texas Energy
Association for Marketers (TEAM), in an RFI in the Texas PUC proceeding reviewing a proposed merger under which Texas-New Mexico Power Company would become an indirect subsidiary of Troy ParentCo LLC (Troy) and Blackstone Infrastructure, asked whether TNMP, as part of the commitments in the proceeding, would commit that "it" will not convert
"Lancium QSE, LLC" [sic] to an Option 1 retail electric provider
As previously reported, as a result of the merger, Option 2 retail electric provider Lancium QSE I LLC would become a competitive affiliate of TNMP, due to Blackstone's investment and stake in Lancium LLC.
Option 2 REPs are limited to serving customers 1 MW and larger which provide an affidavit agreeing to such service
See more background here
Among other RFIs, TEAM also issued an RFI as follows: "Please refer to the Direct Testimony of Heidi Boyd, Exhibit HB-4, Regulatory
Commitment No. 26, which asserts that 'to the extent that any retail electric
provider is affiliated with TNMP, TNMP will not seek to recover from its
customers any costs incurred as a result of a bankruptcy of any such affiliate.'
Admit or deny: under this commitment, TNMP would be able to recover costs
incurred as a result of an affiliate’s debts in a manner other than a bankruptcy
proceeding."
TEAM also issued RFIs concerning TNMP's commitment in TNMP's testimony that: "TNMP will maintain an identity, name, and logo that is separate and distinct
from the identity, name, and logos associated with Blackstone and any Texas
competitive affiliate of TNMP provided that the Blackstone name and logo can be
added to the TNMP name and logo for branding purposes".
Docket 58536
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October 14, 2025
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Reporting by Paul Ring • ring@energychoicematters.com
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