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Texas Retail Provider Reports Default Under TDU Requirement
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Summer Energy Holdings, Inc. reported in an annual financial disclosure report that, "On March 18, 2026, the Company [Summer Energy Holdings, Inc.] received notification that CenterPoint Energy [sic, TDU] required a security deposit in the
amount of $421,500 in regards to the CenterPoint Restoration Bond Company. Such security deposit was to be in
place no later than March 28, 2026 and has a cure date of April 30, 2026."
Summer Energy Holdings, Inc. further stated in the annual filing that, "The Company did not post the required
security deposit by March 28, 2026, and therefore is in default."
Summer Energy Holdings, Inc. further stated in the annual filing that, "As of April 29, 2026, the Company has not posted the required security deposit with CenterPoint Energy to cure the
default."
In the annual filing, Summer Energy Holdings, Inc. stated, "the Company has evaluated all subsequent events and transactions
for potential recognition or disclosure through April 30, 2026[.]"
As previously reported, Summer Energy Holdings, Inc. had in prior transactions sold its non-prepaid residential, and the majority of its non-prepaid commercial, Texas books.
Summer Energy Holdings had after such transactions retained a prepaid residential business in Texas
However, as previously reported by ECM, Summer Energy Holdings, Inc. said in a report filed on December 29, 2025 that, "Management’s plans to mitigate the Company’s current conditions included the sale of assets. The Company is in the process of winding down the remaining business activity of the Company."
It was not immediately clear if Summer Energy Holdings, Inc. currently serves any customers in Texas
Summer Energy Holdings said in the newly filed annual report that, "We are currently engaged in selling a majority of our operating assets and winding down our business
operations".
As it has done in prior financial reports, Summer Energy Holdings stated, "There is substantial doubt about our ability to continue as a going concern."
See our prior story for more background on Summer's financial position
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April 30, 2026
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Copyright 2026 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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