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February 23, 2011
Reliant Energy reported adjusted EBITDA for the quarter ending December 31, 2010 of $117 million, up from $104 million a year ago, on lower operating costs primarily due to better customer payment habits and attendant decrease in bad debt expense.
February 17, 2011
Dynastar Ventures, Inc. said yesterday that it has entered into an agreement to acquire My Affordable Energy, LLC, a Texas-based direct selling company focused on selling energy services.
February 16, 2011
Md. PSC Sets Hearing on Price to Compare Calculation The Maryland PSC has scheduled a hearing for March 29 on the Office of People's Counsel petition for modifications to the utility SOS Price to Compare calculation process (Case 9228). OPC's petition was exclusively reported by Matters ( 2/11 ). In…
February 15, 2011
Oasis Energy Begins Offering Residential Service at PPL Oasis Energy has begun offering service to residential electric customers at PPL Electric Utilities. Oasis is offering a monthly variable rate currently priced at 8.53¢/kWh and which will be priced for the first two months, "at rate of up to 8%…
February 14, 2011
OUR Energy, LLC's acquisition of approximately 1,600 customers from Abacus Resources Energy is part of the retail electric provider's measured growth plans and continued expansion into residential service.
February 7, 2011
Nordic Energy Services Enters Partnership with Blue Planet Energy Nordic Energy Services, LLC, has entered into a partnership with broker Blue Planet Energy under which Nordic will serve as Blue Planet's primary supplier of electricity. Blue Planet Energy runs an affinity program which donates 15%…
February 7, 2011
Texas Retail Energy Illinois License Application Limited to Affiliates Texas Retail Energy, LLC's Illinois electric supplier application, first reported in Matters ( 2/4 ), is limited to selling to affiliated Wal-Mart facilities, consistent with its licenses in Texas and New York.
February 4, 2011
The joint New York utilities have opposed a rehearing request filed by the Small Customer Marketer Coalition related to the New York PSC's recent order that ESCOs may only offer prepaid service when the ESCO is the billing party (98-M-1343).
February 4, 2011
Texas Retail Energy Seeks Illinois License Texas Retail Energy, LLC applied Thursday for an Illinois alternative retail electric supplier license. A copy of Texas Retail Energy's application was not immediately available. Texas Retail Energy, which serves as Wal-Mart's self-supplier, is currently…
February 4, 2011
Viridian Energy will begin offering electric service in New York on February 14, the company confirmed yesterday, as it issued a sustainability report .
February 3, 2011
A recommended decision by a Pennsylvania ALJ would adopt an unopposed stipulation to continue the current spot market based procurement for Pike County Light & Power default service for an additional year, through May 31, 2012 (P-2010-2194652).
February 2, 2011
TriEagle Energy's expansion outside of ERCOT is driven by the desire to diversify its operations, and due to the saturation of the ERCOT market, Rob Cantrell, TriEagle Senior Vice President of Sales and Chief Marketing Officer, told Matters yesterday.
January 31, 2011
In another order which will raise capacity costs for customers, this time in New York, FERC accepted with modifications the New York ISO's proposed tariff to reset the ICAP demand curves (ER11-2224).
January 27, 2011
The Maryland PSC yesterday heard from Staff and North American Power and Gas LLC regarding Staff's complaint against North American Power (see 1/10) , and took the matter under advisement after several hours of testimony.
January 26, 2011
TransCanada Power Marketing Ltd. applied for clarification and/or rehearing of the New York PSC's December decision revising the Uniform Business Practices to incorporate the ESCO Consumer Bill of Rights and related provisions, in order to ensure a consistent definition of a residential customer (98…
January 26, 2011
Energy Plus Holdings, LLC will enter the Commonwealth Edison electric market to serve residential customers sometime this year, President and Co-founder Kevin Kleinschmidt told Matters yesterday.
January 25, 2011
The New York PSC has approved a revision in the commodity price points and weightings used to price Winter Bundled Sales (WBS) Service at Central Hudson Gas & Electric (10-G-0541).
January 25, 2011
The New York PSC will allow Niagara Mohawk, for electric service, to recalculate on a monthly basis the commodity cost component of the merchant function charge and the Purchase Of Receivables discount, using monthly commodity-related uncollectible pricing data (10-E-0050).
January 24, 2011
The New York PSC has approved National Fuel Gas Distribution Company's new cash-out procedures, which replace the prior end of the month rollovers for imbalances (10-G-0474, 12/8 ).
January 21, 2011
N.Y. PSC Approves Monthly Balancing at KEDLI The New York PSC approved KeySpan Energy Delivery Long Island's tariff (06-G-1186) to implement an Interim Monthly Balancing Transportation Program for its non-firm transportation customers receiving service under Service Classification No. 7…
January 21, 2011
The New York State PSC granted approval to NRG Astoria Power LLC for the construction of a 1,040 MW electric generating facility to replace an existing 600 MW facility located at an industrial site in Long Island City, New York.
January 20, 2011
Rochester Gas and Electric has recommended that the New York PSC terminate its fossil generation divestiture plan, due to, "the unsatisfactory results in the indicative bid stage of the auction and the unattractiveness of the assets."
January 19, 2011
5Linx Enterprises Seeks Maryland Broker Licenses 5Linx Enterprises, Inc. applied for Maryland electric and natural gas broker licenses. Copies of the applications were not immediately available. As only noted in Matters, 5Linx Enterprises is a direct marketer expanding its product suite to energy…
January 18, 2011
FirstEnergy Solutions Revises Residential Pricing FirstEnergy Solutions has revised its residential electric pricing in several areas. FirstEnergy Solutions' new residential pricing is as follows:
January 18, 2011
Exempting New York ESCOs from obtaining new customer authorizations for fixed rate contract renewals with no material changes, with a change in rate not constituting a material change, "is not in the best interest of New York State Consumers and should be modified," the New York State Consumer…
