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Updated: New York PSC Grants Additional Brokers Extension Of Deadline To Provide Financial Security
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Update #2, 2:30 pm ET, 4/30
The PSC granted East Coast Energy Management an extension until May 14, 2026 to provide security
East Coast Energy Management had been seeking an extension, "until the end of May".
The Secretary stressed that the security requirements are to protect customers and that brokers have been on notice of the requirement for a "significant" period of time
Update: 10:20 am ET, April 30
The Secretary of the New York PSC on April 30 granted two additional brokers extensions of time to file security, but only until May 14, 2026 and not May 29, 2026 as separately requested by each of the two brokers noted below.
DNE Sales LLC was granted an extension until May 14, 2026 to file a bond. DNE Sales LLC had requested the extension by stating that the original bond appears to be lost in transit by the courier used to send the bond to the PSC
The Secretary did not specifically discuss the fact that the extension date granted to DNE Sales LLC (May 14, 2026) is earlier than the extension deadline sought by DNE Sales LLC
The Secretary of the New York PSC granted a request from Broker Online Exchange LLC (BOX) for an extension to file its financial security, though the Secretary granted an extension only until May 14, 2026 and not May 29, 2026 as requested by BOX
The Secretary noted that Broker Online Exchange had stated in support of BOX's extension request that, "BOX’s surety bond has been issued and was just received. BOX requests additional time to review
the bond before submitting it to the Commission."
The Secretary said that such justification does not support an extension for BOX until May 29, 2026, instead extending the deadline for BOX to May 14, 2026
Earlier:
The Secretary of the New York PSC granted Fluent Consulting Corporation d/b/a
Fluent Energy an extension until May 14, 2026 to comply with the PSC's recently adopted requirement which obligates brokers and consultants provide to the PSC a demonstration of financial accountability, in a manner prescribed by the Uniform Business Practices
See background on the new broker financial requirements, finalized in a January 28, 2026 PSC order, in ECM's prior story here
Fluent Energy had specifically requested an extension until May 14, 2026
The deadline for the demonstration of financial security by brokers and consultants in New York is otherwise April 30, 2026
Several other brokers and consultants have requested an extension. As of publication time, the Secretary has only granted an extension to Fluent Energy, and such extension is not applicable to any other broker or consultant
However, brokers and consultants which had timely requested an extension, and which had enumerated specific justification and supporting reasons similar to those cited by Fluent Energy (noted below), may potentially receive similar relief. Extension requests for the financial security compliance deadline under the PSC's January 28, 2026 broker order were due by April 27
Fluent Energy had provided the following justification for its sought extension:
"Fluent Energy has been advised that its application to re-establish an Irrevocable Standy Letter of Credit
to satisfy the registered Energy Consultant's obligation to provide $50,000 of suitable security is
experiencing some processing delay in the bank's credit underwriting system. The supporting funds for
this instrument have been in place for some time, and what remains is for the bank to complete its
process and to provide us with remaining signatory documents to execute that will result in the provision
of the requisite demonstration of financial accountability.
"We are being advised that an extension often (10) business days should be sufficient to complete the
installment of this instrument."
Matter 23-01227
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Earlier:
New York PSC Grants Specific Broker An Extension Of The Deadline To Provide A Letter Of Credit
April 29, 2026
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Copyright 2026 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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