November 6, 2017
United Illuminating Residential, Small Business Default Service Rates To Increase Nearly 30%
United Illuminating's residential Standard Service rate will increase 27% on January 1, while the small C&I rate will increase 25%
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November 6, 2017
Connecticut Light & Power Residential, Small Business Default Service Rate To Increase 13%
Connecticut Light & Power has filed Standard Service rates for the period January 2018 to June 2018, and Last Resort Service Rates for the period January 2018 to March 2018
October 18, 2017
Retail Electric Supplier Expands To Natural Gas Sales
LPC Gas, LLC, a wholly owned subsidiary of Liberty Power Corp, LLC., applied for an Ohio natural gas supplier license to serve all customer classes in all service areas.
October 6, 2017
Regulator Issues NOV Against Retail Supplier
The Connecticut PURA, pursuant to the provisions of the General Statutes of Connecticut (Conn. Gen. Stat.) §16-41, issued a Notice of Violation and Assessment of Civil Penalty (NOV) against AmericaWide Energy, LLC in the amount of five thousand dollars ($5,000).
September 1, 2017
Large Aggregation PowerOptions Selects New Retail Supplier For $300 Million Contract
PowerOptions, a large New England area energy buying consortium of nonprofit and government entities, announced that Constellation was selected as the group's new electricity supplier for its retail energy program, via a competitive bidding process for an estimated $300 million four-year contract.
August 25, 2017
State Sets Date For Allowing Retail Suppliers To Enter Rate Board Info Directly, End Compliance Filing Process; Sets Date For Workshop On New Process
The Connecticut PURA is prepared to go-live with a new process under which retail electric suppliers may directly post prices to the EnergizeCT.com Rate Board.
August 16, 2017
Connecticut Light & Power Files New Default Service Rates
Connecticut Light & Power has filed new Last Resort Service rates for the three-month period beginning October 1, 2017
August 16, 2017
RESA: Analysis Shows Millions in Potential Electricity Savings Available to Connecticut Consumers
RESA: Many Competitive Electricity Offers Available Below The Cost Of Utility Standard Service Rate
An analysis of Connecticut’s competitive electricity market shows many competitive offers below the cost of utility service, and if all Connecticut electricity consumers taking utility standard rate service switched to these lowest available competitive offers, the potential savings are more than…
August 15, 2017
Regulator To Consider Opening Investigation Of Retail Supplier
The Connecticut PURA on August 10 issued a draft decision, for consideration at its August 23 meeting, which would open an investigation of allegations against Liberty Power Holdings, LLC
July 27, 2017
Direct Energy Extends Hive Smart Thermostat Bundle To All Its U.S. Markets (9 New States, Includes New York)
Direct Energy is extending its Connect to Comfort 24 Plan, which includes a Hive smart thermostat and subscription plan, to both natural gas and electricity customers in Connecticut, Maine, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Rhode Island and the District of Columbia.
July 27, 2017
Draft Order Would Require Utilities To List Comparison Of Retail Supply Charges, Shadow Billed Default Service Costs On Business Customer Bills
A draft Connecticut PURA decision would require that certain rate information, including a comparison of the customer's competitive supply cost versus the cost that would have been incurred under default service, be displayed on the first page of all Standard Service-eligible, consolidated billed…
July 26, 2017
Connecticut Gov. Orders Assessment Of Millstone Viability, Retail Market Compatibility Ordered To Be Considered
Connecticut Governor Dannel P. Malloy signed an executive order directing the relevant state agencies to conduct a resource assessment to evaluate the current and projected economic viability for the continued operation of the Millstone nuclear generating facilities, "in order for the state to…
June 20, 2017
License Briefs
Koch Energy Services Seeks Retail Supplier License In New State
June 14, 2017
Utility To Exit Self-Supply Function For Default Service, Cites Risks To Shareholders
Connecticut Light & Power (Eversource) has informed PURA that it will cease its voluntary self-supply of a portion of Standard Service effective January 1, 2018
June 7, 2017
State Proposes That All Retail Electric Sales Transactions Must Be Recorded From Beginning To End
State Proposes Specific Requirements for TPVs
The Connecticut PURA has released for comment draft changes to the electric supplier marketing standards.
May 31, 2017
Parent of Retail Supplier, Broker Announces Marketing Agreement With Viridian For Commercial Electricity And Natural Gas Supply
The Chron Organization, Inc. announced today that it has entered into a strategic marketing agreement with Viridian International Management, a direct selling organization, for medium to large commercial energy supply and related services.
May 30, 2017
Update: Crius Energy Trust To Acquire U.S. Gas & Electric
Update, 5/31: MVC Capital, Inc., the parent of U.S. Gas & Electric, Inc., said that the Crius Acquisition (first reported yesterday, see below) was determined to be superior to the Equus transaction announced last month.
May 23, 2017
Retail Supplier Complaints Decline 70% Since 2014, Stand At <1% Of Shopping Customers
Complaints filed against retail electric suppliers have declined 70% from 2014 to 2016, according to a draft annual Connecticut PURA report on the retail electric market.
May 15, 2017
RESA: Regulator, Without Notice, Adopts New License Renewal Application, New Broader Questions Exceed Regulator's Authority
The Connecticut PURA recently adopted a new application for the required five-year electric supplier license renewals, but the Retail Energy Supply Association said that the information sought by the new application exceeds the information PURA is authorized to require under the existing regulations…
May 12, 2017
United Illuminating Discloses Default Service Suppliers, Will Self-Manage Some Load
United Illuminating reported that the following suppliers will serve a portion of Standard Service during the second half of 2017:
May 12, 2017
License Briefs
BlueRock Energy, Inc. has received a registration as a Connecticut natural gas supplier.
May 11, 2017
Regulator Seeking Civil Penalty Against Retail Supplier Over Alleged Failure To Seek Approval For License Transfer
The Connecticut PURA has issued a Notice of Violation and Assessment of Civil Penalty against Perigee Energy, LLC, in the amount of $2,000, relating to Perigee's alleged failure to receive pre-approval for a license "transfer", and the deadline for notifying PURA of a change in corporate structure
May 4, 2017
Connecticut Light & Power Residential, Small C&I Default Service Rates To Increase
Connecticut Light & Power (Eversource) has filed Standard Service rates for the period July 2017 to December 2017, and Last Resort Service Rates for the period July 2017 to September 2017
May 3, 2017
Connecticut Light & Power Reports Default Service Suppliers
Connecticut Light & Power (Eversource) disclosed the identities of default service suppliers for various upcoming delivery periods.
April 25, 2017
Retail Supplier To Be Acquired By Publicly Traded Firm
MVC Capital, Inc. announced that Equus Total Return, Inc., a publicly-traded business development company that previously announced its intention to become an operating company, has entered into a definitive agreement to acquire MVC’s largest portfolio holding, U.S. Gas & Electric, Inc.