August 11, 2021
LS Power Launches Rev Renewables
LS Power today announced the formation of Rev Renewables, LLC ("Rev"), which will be engaged in the development, acquisition and operation of energy storage and renewable projects.
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August 11, 2021
Northeast Retail Supplier Seeks Texas REP Certificate
Also Names Retail Vet As New Chief Information Officer
Atlantic Energy Texas LLC applied for an Option 1 Texas retail electric provider certificate
August 9, 2021
Retail Supplier Enters Into Solar PPA In PJM
AEP Energy and Doral Renewables LLC (formerly named, Global Energy Generation LLC) (now d/b/a/ Doral LLC), a developer of renewable energy projects, primarily in the Midwest and Mid-Atlantic regions, announced today that they have signed an additional long-term renewable energy purchase agreement…
August 9, 2021
Appeals Court Remands Alleged Capacity Market Price Manipulation Complaint To FERC; Says FERC's "Breezy" Analysis That No Manipulation Occurred Lacked Support
The U.S. Court of Appeals for the D.C. Circuit has remanded to FERC a complaint concerning the results of the 2015 Midcontinent ISO capacity auction, finding that FERC's conclusion that the outcome of the auction was just and reasonable, because the auction complied with the applicable tariff…
August 6, 2021
PUC Schedules Online Door-to-Door Marketing Training As Moratorium Lifted, All Suppliers Advised To Attend
The Pennsylvania Public Utility Commission’s (PUC) Office of Competitive Market Oversight (OCMO) announced upcoming online training in the door-to-door marketing regulations at 52 Pa. Code Chapter 111.
August 6, 2021
NRG Reports Retail Customer Count, Sales & Revenue Data
NRG filed a 10-Q for the period ending June 30, 2021 which includes customer and volume data for its retail business
August 5, 2021
NRG Reports Higher Adjusted EBITDA Excluding Uri Impact, On Direct Energy Acquisition
NRG Reports Impairment Losses Due To Planned Retirement Of PJM Assets
NRG Energy reported Adjusted EBITDA, (excluding Winter Storm Uri impacts), of $656 million for the quarter ending June 30, 2021, up from $574 million a year ago.
August 5, 2021
Vistra Reports Higher Retail Adjusted EBITDA, Increased Texas Residential Customer Count
Vistra Announces Evaluation Of Strategic Direction, Emphasis On Capital Allocation
Vistra, the parent of TXU Energy and several other retail energy brands, reported second quarter Adjusted EBITDA from its Retail segment of $510 million, $109 million higher than second quarter 2020 results of $401 million, "driven by the execution of Vistra's self-help initiatives following Uri."
August 5, 2021
PUC Approves $150,000 Settlement With Retail Supplier
Investigation Prompted When Mailer With Alleged Violations Received By PUC's Director Of Oversight
The Pennsylvania PUC approved without modification settlement between National Gas & Electric, LLC (NG&E) and the PUC's Bureau of Investigation and Enforcement ('I&E') under which National Gas & Electric will pay a $120,000 civil penalty and contribute $30,000 to PPL's hardship fund to resolve…
August 5, 2021
Regulator's Staff Recommends Law Be Revised To Allow Regulator To Revoke Broker Certificates
In an annual retail electric market report, the Illinois Commerce Commission's Office of Retail Market Development recommended that the Public Utilities Act be amended to give the Commission explicit authority to revoke the licenses of agents, brokers, and consultants
August 5, 2021
Residential Customers On Competitive Supply At ComEd Paid $323 Million More Than Default Service Over Last Twelve Months, Annual ORMD Report Says
Customers On Retail Supply Paying On Average 3.7¢/kWh More Than ComEd
The Illinois Commerce Commission's Office of Retail Market Development has published its annual retail electric market report, which includes a comparison of costs paid by customers served by an alternative retail electric supplier (ARES), including through municipal aggregation, versus the costs…
August 3, 2021
Retail Supplier Announces Bitcoin Mining Joint Venture
Talen Energy Corporation ("Talen" or "the Company"), which continues to act as a retail electric supplier on a scaled back basis, announced today that, as part of its previously reported, "strategic transformation to a renewable energy and digital infrastructure growth platform," it has entered into…
August 2, 2021
Court Upholds Decision That Prohibits Retail Suppliers From Using Term "Renewable Energy" In Marketing REC Products; Term Limited To Using Supply From Owned Generation Or PPA
The Connecticut Superior Court for the judicial district of New Britain has affirmed a Connecticut PURA decision which, among other things, limits voluntary renewable electricity supply offers (VRO) from retail electric suppliers to using only RECs sourced from certain RTOs and which meet certain…
July 30, 2021
AltaGas Reports "Marked Improvements" In Retail Energy Marketing Business, Higher Margins From Stronger Pricing Environment (WGL Energy)
In reporting second quarter results, AltaGas Ltd. reported "marked improvements" in its retail energy marketing business due to, "a stronger pricing environment and improved power and gas margins."
July 27, 2021
Shell To Acquire Retail Energy Supplier Serving Over 200,000 Residential Customers
Shell New Energies US LLC (Shell), a subsidiary of Royal Dutch Shell plc, has signed an agreement to buy 100% of the equity interests of Inspire Energy Capital LLC (Inspire), a renewable energy residential retail energy supplier with joint headquarters in Santa Monica, CA and Philadelphia, PA.
July 26, 2021
PUC Staff Recommend Currently Bypassable Costs Be Moved To Distribution Rates
Staff of the Public Utilities Commission of Ohio have filed a Staff Report concerning the current rate case of Dayton Power & Light, and in such report have recommended moving, to distribution rates, a percentage of the current PUCO/OCC assessment expense that is currently recovered in default…
July 26, 2021
Danish Energy Marketer Entering U.S. Electricity Markets, Sells Minority Stake To Goldman Sachs
In Commodities US, LLC has applied for FERC electricity market-based rate authority
July 22, 2021
Updated (7/26): Statement on Behalf of Former FirstEnergy CEO Chuck Jones Regarding Company's Deferred Prosecution Agreement
Former FirstEnergy CEO Chuck Jones issued the following statement on July 23, following FirstEnergy's deferred prosecution agreement with Justice Department announced on July 22
July 22, 2021
Updated (7/26): Statement on Behalf of Former FirstEnergy CEO Chuck Jones Regarding Company's Deferred Prosecution Agreement
Former FirstEnergy CEO Chuck Jones issued the following statement on July 23, following FirstEnergy's deferred prosecution agreement with Justice Department announced on July 22
July 22, 2021
ALJ Issues Proposed Order Which Would Determine Whether Retail Energy Sales Agents Must Be Vaccinated
Draft Order Addresses Full Resumption Of In-Person Sales
An Illinois Commerce Commission ALJ has issued a proposed order which would allow for the full resumption of all forms of in-person marketing by retail energy suppliers, and which would deny ICC Staff's proposal that retail energy sales agents must be vaccinated
July 22, 2021
PSC Begins Process To Implement New Law Allowing Opt-out Municipal Aggregation Pilot
The Maryland PSC has initiated Public Conference 54 ('PC 54') to implement certain requirements under House Bill 768 ('HB768'), enacted during the 2021 Maryland legislative session and establishing the Montgomery County Community Aggregation Pilot Program.
July 21, 2021
Residential & Commercial Prices To Compare Increasing At Three FirstEnergy Pennsylvania EDCs
The FirstEnergy Pennsylvania utilities have filed new tariffed residential and commercial PTC-Default rates with the PUC for the three-month period starting September 1, 2021
July 21, 2021
PECO Residential Price To Compare Increasing; Small Commercial PTCs Decreasing
PECO's residential electric price to compare will increase on September 1, while the small business electricity PTCs will decrease
July 20, 2021
PSC Approves New Purchase Of Receivables (POR) Discount Rates
The District of Columbia PSC has approved new purchase of receivables discount rates at Pepco, to be effective July 1, 2021
July 19, 2021
Parent Of Retail Supplier Accelerates Closure Of Coal Plant
Vistra today announced that it will close the Zimmer Power Plant in Moscow, Ohio, by mid-2022.