Retail Supplier Pays Utility System Implementation Costs, Regulator Rescinds Draw On Bond

Clearview Energy, Inc. has paid outstanding amounts (totaling about $178,000) that the Connecticut PURA had directed Clearview to pay to the electric utilities for a share of the billing system upgrade costs to implement certain residential billing format and information changes

Clearview previously exited the Connecticut electric market under a settlement, and does not serve retail electric customers in Connecticut. In prior filings, Clearview has argued that any liability associated with the utility billing implementation costs were resolved under the terms of a prior settlement in which Clearview exited the state, as such costs were a claim then known and knowable as having occurred prior to the date of the settlement (story on the settlement here)

As previously reported, PURA had issued a letter to the bond issuer of a bond posted by Clearview, with PURA seeking to draw on the bond for payment of the $178,000. With Clearview having now paid the EDCs, PURA rescinded its draw request.

Clearview's payment of the $178,000 is notable to the extent any unrecovered EDC costs would have been re-allocated among other retail suppliers