May 12, 2017
License Briefs
BlueRock Energy, Inc. has received a registration as a Connecticut natural gas supplier.
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May 11, 2017
Regulator Seeking Civil Penalty Against Retail Supplier Over Alleged Failure To Seek Approval For License Transfer
The Connecticut PURA has issued a Notice of Violation and Assessment of Civil Penalty against Perigee Energy, LLC, in the amount of $2,000, relating to Perigee's alleged failure to receive pre-approval for a license "transfer", and the deadline for notifying PURA of a change in corporate structure
May 9, 2017
Massachusetts Default Service Rates To Decrease
Western Massachusetts Electric Company has filed new basic service rates with the Massachusetts DPU for the period beginning July 1, 2017.
May 5, 2017
Dynegy CEO Says Trends "Favorable" For Retail Growth, Actively Pursuing New Markets
Retail Growth Remains A Top Goal After Deleveraging
In reporting earnings today, Dynegy reported that it is actively pursuing broadening its retail business beyond Ohio and Illinois
May 4, 2017
Exelon To Sell Legacy Texas Generating Assets
Exelon told investors yesterday during an earnings call that it will sell the portfolio of its ExGen Texas Power LLC subsidiary, which includes nearly 3,500 MW of gas-fired generation in ERCOT
May 4, 2017
Connecticut Light & Power Residential, Small C&I Default Service Rates To Increase
Connecticut Light & Power (Eversource) has filed Standard Service rates for the period July 2017 to December 2017, and Last Resort Service Rates for the period July 2017 to September 2017
May 3, 2017
Connecticut Light & Power Reports Default Service Suppliers
Connecticut Light & Power (Eversource) disclosed the identities of default service suppliers for various upcoming delivery periods.
May 3, 2017
U.S. Retail Supplier Entering Japan, Said To Be Second U.S. Supplier Licensed In Market
PALMco Energy announced its first international expansion with the introduction of electricity supply services into the Japanese energy market. The service will be provided by Family Energy, GK, an affiliate of PALMco Energy.
May 3, 2017
NRG: Seeking Opportunities To Add Retail In East
During an earnings call yesterday, NRG President and Chief Executive Officer Mauricio Gutierrez said that the company continues to see opportunities to add to its retail business in the East, subject to the "limitations" of the eastern retail market
May 1, 2017
Global Commodities Merchant Officially Announces Start of New Retail Business Operations
Freepoint Commodities LLC officially announced today that its retail energy supply subsidiary, Freepoint Energy Solutions LLC has commenced operations.
May 1, 2017
National Grid Residential POR Discount Decreases, Commercial POR Discount Increases
The Massachusetts DPU approved new purchase of receivables discount rates (standard complete billing percentages) at National Grid, effective May 1, 2017.
May 1, 2017
Regulator Approves 4% POR Discount Rate, Reflecting 60% Increase
The Massachusetts DPU approved new purchase of receivables discount rates (standard complete billing percentages) at Western Massachusetts Electric Company (Eversource), effective May 1, 2017.
May 1, 2017
Increase In Nstar Residential, Commercial POR Discount Approved
The Massachusetts DPU approved new purchase of receivables discount rates (standard complete billing percentages) at Nstar (Eversource), effective May 1, 2017.
April 25, 2017
Retail Supplier To Be Acquired By Publicly Traded Firm
MVC Capital, Inc. announced that Equus Total Return, Inc., a publicly-traded business development company that previously announced its intention to become an operating company, has entered into a definitive agreement to acquire MVC’s largest portfolio holding, U.S. Gas & Electric, Inc.
April 19, 2017
Maine PUC Sets New Standard Offer Rates
The Maine PUC has set the Standard Offer rates for the large non-residential classes at Central Maine Power and Bangor Hydro-Electric for the month of May 2017
April 17, 2017
License Briefs
U.S. Gas & Electric Seeks License In New State
April 11, 2017
Regulator Again Raises Concern With Retail Supplier Change In Control, Cites Statute Requiring Pre-Approval Of License Transfer
The Connecticut PURA has again raised concerns with an executed change in control of a retail electric supplier, citing a statute which requires PURA approval for the "transfer" of a license
April 10, 2017
Utility Steps In To Default Service Role, Seeks That Administrative Costs Be Recovered From All Customers, Not Only SOS Customers
Emera Maine - Maine Public District (Maine Public Service) will serve as the Standard Offer provider for its large customer class for the period April 1, 2017 through December 31, 2019, under an alternative default service mechanism that was approved after an RFP did not produce any qualifying bids
April 6, 2017
Utility's Default Service Rates To Increase, Discloses Winning Suppliers
Unitil has filed with the New Hampshire PUC default service rates for the six-month period beginning June 1, 2017
April 6, 2017
Regulator Orders Municipal Aggregations To Disclose Adder Paid To Consultant In Opt-Out Notices, State That Rates Not Guaranteed To Beat Default Service
Revises Treatment of New Customers in Aggregation Areas
The Massachusetts DPU has issued orders requiring electricity municipal opt-out aggregations to disclose, in customer opt-out notices, administrative adders that are used to compensate the aggregation's consultant, and revised the treatment of new customers moving to the aggregation service area.
April 6, 2017
Energy Market Veterans Leading Start-up Broker
Two energy market veterans are leading start-up broker-consultant Allieum LLC
April 5, 2017
Massachusetts Default Service Rates To Increase
Fitchburg Gas and Electric Light Company d/b/a Unitil has filed with the Massachusetts DPU electric basic service rates for the period beginning June 1, 2017.
April 4, 2017
PSC Commissioners, Retail Energy Thought Leaders To Address Changing Retail Energy Landscape At NEM 20th Annual National Energy Restructuring Conference
The National Energy Marketers Association has released a preliminary list of confirmed speakers and roundtable participants for its 20th Annual National Energy Restructuring Conference to be held April 26 - April 28 in Washington, DC
March 28, 2017
Briefly
Texas PUC To Hold Workshop on SMT Web Portal
March 28, 2017
PUC Finds Restructured Utility's Sought PPA Would Be Akin To Owning Generation After Unbundling, Rejects PPA
The New Hampshire PUC has rejected a proposal from Public Service of New Hampshire (Eversource) for a 20-year PPA with a unit of Hydro-Quebec, finding the PPA to be inconsistent with the state's electric restructuring.