November 17, 2014
Crius Energy Reports Reduced Churn, But Customer Base Still Declines By 3%
Crius Energy reported reduced levels of churn in the third quarter of 2014, but the company still saw a 3% decline in its customer base.
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November 17, 2014
WMECO Residential Default Service Rate to Exceed 14¢/kWh
Western Massachusetts Electric Company announced that it has filed to increase its fixed residential basic service rate to 14.015 cents per kilowatt-hour, for the six-month period beginning January 1, 2015.
November 14, 2014
State Puts Retail Suppliers on Notice Regarding Compliance With New Requirements
The Connecticut PURA has put retail electric suppliers on notice regarding new requirements for rate disclosures.
November 13, 2014
Spark Energy Discloses Purchase Price for Two Recent Customer Book Acquisitions, Sees More M&A Opportunities
In announcing quarterly earnings, Spark Energy has disclosed the purchase price for Connecticut books of customers it has agreed to acquire from Discount Power, Inc. and Town Square Energy, LLC.
November 13, 2014
PURA Says Supplier May Assign Customers to Competitor at "Own Risk"
The Connecticut PURA said that it is, "unable to sanction," the transfer of a portion of the customer book Town Square Energy is seeking to assign to Spark Energy, and said that Town Square Energy, "may proceed with the transfer of these customers at its own risk."
November 12, 2014
Sprague Resources Reports Higher Margins in Natural Gas Retail Supply Business
In announcing earnings this morning, Sprague Resources LP announced "marginally higher" unit margins.
November 11, 2014
Update: Complete Nstar Default Service Rates for First Six Months of 2015
Here are the Nstar basic service rates for the first six months of 2015 for residential and commercial customers, and first three months of 2015 for industrial customers
November 11, 2014
United Illuminating Residential Default Service Rate to Exceed 13¢; Last Resort Rate Hits 25¢
United Illuminating has filed new default service rates for the six-month period beginning January 1, 2015, and the new residential Standard Service rate exceeds 15¢/kWh
November 10, 2014
Connecticut Light & Power Residential Default Service Rate to Exceed 12¢; Last Resort Rates Hit 20¢
Connecticut Light & Power has filed to increase its residential Standard Service rate to over 12.6¢/kWh, and to increase Last Resort Service rates to 20¢/kWh.
November 10, 2014
Nstar Residential Default Service Rate to Increase 60% to 15¢
Nstar said that it has filed new basic service rates with the Massachusetts DPU for the six-month period beginning January 1, 2015, with the new residential basic service rate increasing to nearly 15¢/kWh.
November 7, 2014
State Revives Retail Supplier Working Group, Sets Meeting on Rate Board
The Connecticut PURA has revived the retail electric supplier working group to address issues relating to the evolving Connecticut competitive electric market
November 7, 2014
State to Open Investigation on "Improving Access" to Retail Electric Market
The Massachusetts DPU said that it, "plans to open an investigation in the near future into improving access to the competitive supply market, particularly for residential and small C&I customers."
November 7, 2014
Massachusetts Won't Defer or Cap National Grid Default Service Rate Increase (16¢ Rate Allowed to Take Effect)
The Massachusetts DPU will not defer or cap National Grid's new basic service rates which took effect November 1, which include a doubling of the residential rate to 16 cents per kWh.
November 6, 2014
License Briefs
Acacia Energy LLC applied for an amendment to its Texas REP certificate to change is certificated name from Acacia Energy LLC to New Era Energy Services LLC. Acacia Energy would be added to the certificate as a trade name.
November 6, 2014
State Gives Default Service Customers Choice of Time of Use Options; Default Rate for Non-Shopping Customers Will Be TOU With Critical Peak Pricing, Once AMI Deployed
The Massachusetts DPU has issued a final order establishing a policy framework for time-varying basic service electric rates, which will provide non-shopping customers two pricing options.
November 6, 2014
Final PURA Decision Drops Declaration That Authority Will Investigate Two Suppliers
A final Connecticut PURA decision concerning retail supplier customer notice requirements (click here for related story today) does not state any intent by PURA to investigate two suppliers' compliance with the rules governing the use of third-party agents.
November 6, 2014
Another Utility to Self-Manage Default Service Load
United Illuminating will self-manage 100% of Last Resort Service load for the first quarter of 2015, it disclosed in a report on its recent procurement.
November 6, 2014
NRG Reports Higher Retail Margins, But Challenging C&I Space Prompts "Repositioning"
NRG Energy saw higher margins in its retail business which led to improved adjusted EBITDA, but margins for non-residential customers remain challenging.
November 6, 2014
Connecticut Adopts New Customer Notice Requirements, Forms for Suppliers, Says Generic T&Cs Not Compliant
The Connecticut PURA has adopted forms and associated requirements to be used for several statutorily required notices to be sent by retail electric suppliers, adopted new product definitions, and clarified several rules, including a finding that sending generic terms and conditions do not meet…
November 5, 2014
Connecticut to Open Review of Code of Conduct for Utilities, Affiliates
The Connecticut PURA has assigned a docket to review the current code of conduct regulations for electric and natural gas utilities.
November 5, 2014
World Energy Solutions Acquired By Energy Intelligence Software Provider
EnerNOC, Inc. announced that it has entered into an agreement to acquire World Energy Solutions, Inc.
November 4, 2014
FERC Issues Formal Notice of Investigation into New England Generator Over Capacity Payments, Make-Whole Payments
FERC issued a formal notice stating that, "in a nonpublic investigation pursuant to 18 C.F.R. Part 1b, the staff of the Office of Enforcement (Enforcement) of the Federal Energy Regulatory Commission has preliminarily determined that Maxim Power Corporation (Maxim) engaged in three schemes in…
November 3, 2014
Spark Energy to Acquire Another Book of Customers
Spark Energy is acquiring another book of customers, this time from Town Square Energy, LLC.
October 31, 2014
Retail Supplier to Pay $60,000 Under Settlement With Regulator, Principal Prohibited from Serving in Similar Capacity For 10 Years
The Connecticut PURA approved a settlement under which the principal of People's Power & Gas, LLC is to pay $35,000, plus forego claims to a $25,000 letter of credit, to resolve alleged violations arising from its market exit as a result of defaulting at ISO New England last winter, and allegations…
October 30, 2014
Utility to Self-Serve Default Service After Procurement Attracts Zero Bidders
Another full requirements default service procurement has attracted no interested suppliers, and Connecticut Light & Power will self-manage a class of default service load this winter as a result.