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PUC Approves Stipulation Under Which Retail Supplier Agrees To $250,000 Forfeiture, Customer Refunds

Supplier Alleged To Have Charged Rate In Excess Of 18¢/kWh, Called "Miscalculation" By Supplier

The Public Utilities Commission of Ohio approved a stipulation between National Gas & Electric (NG&E or Company) and PUCO Staff under which National Gas & Electric agreed to a forfeiture of $250,000 to resolve alleged violations detailed in a Staff Notice of Probable Non-Compliance dated September…

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Federal Appeals Court: Wholesale Electric Price, Utility Price Not Proper Comparison For Determining If Retail Supplier's Rate Met "Prevailing Market Price" Standard In Contract

The United States Court of Appeals for the Seventh Circuit has denied an appeal of a lower court ruling which had dismissed a putative class action suit against Direct Energy Services, LLC, as the Seventh Circuit found that neither the wholesale electric price nor the utility price to compare is an…

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Four EGSs Propose Retail Bid Process To Assign Default Service Obligation To Retail Suppliers In Pennsylvania

EGSs Propose Winning Retail Suppliers Be Required To Pay A Per-Customer Charge Into "Social Responsibility" Fund Consumer Advocate Does Not Support PUC's Suggested Changes, Use Of PLC, NSPL Tickets For Small Customers

In comments filed in the Pennsylvania PUC's review of default service cost assignment, rate structure, and procurement issues, a coalition of retail electric suppliers proposed that the default service obligation be assigned to retail electric generation suppliers (EGSs) via a competitive bidding…

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AEP CEO Seeks "Redefinition" Of Ohio Energy Policy In Grid Mod. Bill That Would Allow Utilities To Offer Value-Added Services (Energy Management/Control, DR, Shared Solar, More)

Touts New Ohio Law Allowing Utility To Enter Into Bilateral Contracts With Customers For Renewables

During an earnings call today, AEP CEO Nick Akins touted the ability of utility AEP Ohio to now enter into bilateral contracts with certain customers for renewable energy development, and looked towards the "redefinition" of Ohio energy policy via pending HB 247, which would allow utilities to offer…

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PJM Region Retail Energy News (Page 138) | EnergyChoiceMatters.com