March 12, 2012
Exelon, Constellation Complete Merger After FERC Approval
Exelon Corporation and Constellation Energy have completed their merger, effective today, in the wake of FERC's approval of the transaction on Friday.
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March 12, 2012
Constellation to Pay $135 Million, Disgorge $110 Million Under Settlement Related to FERC Market Manipulation Investigation
FERC has approved a settlement between its Office of Enforcement and Constellation Energy Commodities Group (CCG) to resolve an investigation into whether Constellation violated the Commission's Anti-Manipulation Rule, under which Constellation has agreed to pay a civil penalty of $135 million and…
March 9, 2012
Staff Supports April End for Columbia Choice Program
Maryland PSC Staff has recommended that the Columbia Gas choice program cease with the April 2012 billing cycle, as proposed by Columbia .
March 9, 2012
RESA Seeks Review, Enhancements for Long Island Power Authority Choice Program
An audit of the Long Island Power Authority's management and operations should include an investigation of the operational steps and constructive policy actions LIPA should implement to restructure and reinvigorate its moribund "LI Choice" Program, the Retail Energy Supply Association said in…
March 2, 2012
Parties Seeks Report on California Direct Access Phase-In
Several direct access parties have petitioned the California PUC to direct the investor-owned utilities to report on the status of the most recent direct access Notice of Intent period, and to update their websites to reflect current room under the direct access cap.
March 2, 2012
Consolidated Edison Seeks Declaratory Order on Application of Minimum Demand to MSC Capacity Charge
Consolidated Edison Company of New York, Inc. has petitioned the New York PSC for a declaratory ruling concerning its application of a Minimum Demand for the Market Supply Charge (MSC) capacity component.
March 2, 2012
Joint Proposal Would Lower Hourly Pricing Cutoff at Orange & Rockland
The threshold for mandatory hourly pricing for default service customers at Orange and Rockland Utilities would decrease under a joint proposal from O&R, New York PSC Staff, and the New York Division of Consumer Protection (Case 11-E-0408).
March 1, 2012
Choice Energy Services Acquires Equus Retail
Choice Energy Services announced that it has acquired Equus Retail.
February 29, 2012
License Briefs
Realgy Seeks to Serve Residential Customers in New State
February 28, 2012
Maryland PSC Staff Oppose Rehearing of Columbia Gas Choice Program Termination
Staff of the Maryland PSC has recommended that the Commission deny requests for rehearing of the PSC's decision to terminate the Columbia Gas choice program.
February 27, 2012
License Briefs
Bounce Energy Seeking License in New State
February 24, 2012
AGL Retail Supply Earnings Lower on Weather
AGL Resources' retail energy operations segment, which now consists of SouthStar Energy Services, and for 22 days in 2011, several Nicor retail energy businesses, reported lower EBIT of $93 million for the year 2011, versus $103 million a year ago.
February 23, 2012
Joint Proposal Would Bring Market-Based Rates to Penelec N.Y. Customers, Use Competitively Neutral Mitigation
Penelec and New York PSC Staff have filed a joint proposal under which Penelec will move its New York customers to market-based default service rates effective June 1, 2012, with the rate increases mitigated in a competitively neutral manner (Case 11-E-0594).
February 23, 2012
Direct Energy Reports Higher Operating Profit on Acquisitions, Customer Growth
Direct Energy today announced operating profit for the full year 2011 of $500 million, up 38 percent from the year-ago $362 million.
February 22, 2012
Hess Introduces Comprehensive Energy Solutions Unit
Hess Corporation this morning announced the launch of Hess Energy Solutions, offering comprehensive energy services for commercial, industrial and institutional customers.
February 21, 2012
Fortis to Acquire Central Hudson Gas & Electric, Parent
CH Energy Group, Inc., the parent of Central Hudson Gas & Electric, announced this morning that it has entered into a definitive merger agreement with Fortis Inc., under which Fortis will acquire CH Energy Group for an aggregate purchase price of approximately $1.5 billion, including the assumption…
February 20, 2012
Hudson Energy Launches New Commercial Sales Partner Portal
Hudson Energy, a Just Energy company, has launched a new portal for its Commercial Sales Partners, called Hudson Connex.
February 20, 2012
Central Hudson Updates POR Discount Rate
Central Hudson Gas & Electric has filed an updated purchase of receivables discount rate with the New York PSC.
February 15, 2012
License Briefs
Clearview Electric Receives License in New State
February 13, 2012
AEP: Not Starting "National" Retail Play
AEP's competitive retail supplier will focus on hedging AEP's competitive generation in markets in which the company is already involved and which it understands, AEP CEO Nick Akins said during an analyst conference Friday.
February 2, 2012
Briefly
PUCO Approves New Retail Price Adjustment at Vectren
February 1, 2012
National Energy Marketers Association Sets Policy Priorities for 2012
Marking its 15th year of service, the National Energy Marketers Association recently met in executive session and adopted policy priorities for 2012.
February 1, 2012
Frontier Utilities Acquired by Group Led by Quintana Infrastructure & Development, Targets Growth
Frontier Utilities, LLC, has been acquired by a group of independent Texas-based investors led by Quintana Infrastructure & Development LLC and Jay D. Hellums, an industry veteran.
January 31, 2012
Orange & Rockland Remote Account Number Access Tool Goes Live
Customers at Orange & Rockland can now remotely look up their utility account number on occasions when they do not have their bill, facilitating the enrollment onto ESCO service when customers are marketed to outside of the home.
January 31, 2012
FERC Enforcement Staff Alleges Market Manipulation by Constellation Energy Commodities Group
The Staff of the Office of Enforcement of the Federal Energy Regulatory Commission, in a nonpublic preliminary investigation, "has preliminarily determined that Constellation Energy Commodities Group, Inc. (CCG) violated the Commission's Prohibition of Electric Energy Market Manipulation, 18 C.F.R…