October 4, 2018
Parent Enters Into Agreement To Sell Retail Power & Gas Business
Note: The following story was first posted at 8:40 p.m. on October 4, with an alert to our email subscribers
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October 2, 2018
Concierge/Subscription Shopping Service Launches In New State
Utiliz, which offers a subscription-based automatic retail energy switching program, announced that it is now offering its shopping service in Ohio
October 2, 2018
Massachusetts Mass Market Default Service Rate To Increase 25%
Fitchburg Gas and Electric Light Company d/b/a Unitil has filed with the Massachusetts DPU electric basic service rates for the period beginning December 1, 2018.
September 19, 2018
National Grid Massachusetts Residential Default Service Rate To Increase 26%
Commercial Rate To Increase 30%
National Grid electricity default service rates in Massachusetts for mass market customers are due to rise 26-30% starting November 1, according to basic service rates filed with the Massachusetts DPU
September 4, 2018
ISO-NE Files To Impose New Fuel Security Costs On Retail Suppliers, Load
ISO New England has filed with FERC proposed "interim" tariff revisions to allocate the out-of-market costs for resources retained for "fuel security" to load-serving entities on a regional basis using the Real-Time Load Obligation allocator.
September 4, 2018
Purchase Of Receivables (POR) Discounts To Decline At Utility
Fitchburg Gas and Electric d/b/a Unitil has filed with the Massachusetts DPU new Standard Complete Billing Percentages (purchase of receivables (POR) discount rates).
September 2, 2018
Retail Supplier In Negotiations To Be Sold
Note: This story was first published on Sept. 2 with an alert to our email subscribers
August 28, 2018
Boston, MA Releases RFQ To Implement Opt-out Municipal Aggregation
The City of Boston on August 27 issued a Request for Qualifications (RFQ) for submissions from consulting firms to assist the City’s development, implementation, and administration, of a municipal electricity aggregation program.
August 21, 2018
RESA Urges DPU To Launch Planned Investigation Of Metering, Data, And Billing Issues To Allow Competitive Supply Customers To Participate In Dynamic Pricing
The Retail Energy Supply Association requested that the Massachusetts Department of Public Utilities open its planned investigation into the next steps for cost-effective deployment of customer-facing grid modernization investments as soon as possible.
August 13, 2018
Nstar Files New Basic Service Rates For Eastern Service Area
Nstar (Eversource) has filed with the Massachusetts DPU new electric basic service rates for large C&I customers in its Eastern Massachusetts service territory for the period beginning October 1, 2018.
August 13, 2018
Crius Reports Higher EBITDA, Details Cost Reductions
Purchase Price For Retail Book Acquisition Disclosed Will Divest Solar Business
Crius Energy reported Adjusted EBITDA of $16.0 million for quarter ending June 30, 2018 (second quarter of 2018), an increase from $14.1 million achieved in the second quarter of 2017, with the increase driven by the contribution from the previously acquired USG&E business.
August 8, 2018
State Legislature Enacts Bill Subjecting Retail Suppliers To New "Clean Peak" Resource Obligation
The Massachusetts legislature has enacted a bill establishing a "clean peak" standard (CPS), or obligation imposed on retail electric suppliers
August 7, 2018
Nstar Files New Basic Service Rates
NSTAR Electric Company d/b/a Eversource Energy filed new basic service rates for the Medium & Large Commercial and Industrial customer class in the WCMA Load Zone, the former Western Massachusetts Electric Company (WMECO) service area, for the three-month period beginning October 1, 2018
August 2, 2018
Mass. EDCs Propose Disposition, Cost Recovery Of Products Procured Under Offshore Wind Contracts
The Massachusetts investor-owned electric distribution companies have collectively sought approval at the DPU for PPAs totaling 800 MW with Vineyard Wind LLC for offshore wind energy
July 30, 2018
Mass. EDCs Propose Disposition, Cost Recovery Of Products Procured Under Large Long-Term Contracts
The Massachusetts investor-owned electric distribution companies have collectively sought approval at the DPU for a PPA with H.Q. Energy Services (U.S.) Inc., which is part of the previously reported, statutorily required solicitation of long-term contracts, with the winning selection being the…
July 25, 2018
People's Counsel Presses PSC For Comparisons Of SOS, Retail Supplier Costs For Low-Income Customers
In comments to the Maryland PSC on the Maryland Department of Human Services' Office of Home Energy Programs' (OHEP) Electric Universal Services Program (EUSP) Proposed Operations Plan for FY 2019, the Maryland Office of People's Counsel has renewed calls for the PSC to direct utilities to provide…
July 5, 2018
Parent Of Retail Supplier Sells Solar Portfolio
South Jersey Industries (SJI) has entered into an agreement to sell its portfolio of solar energy projects to an entity managed by Goldman Sachs Asset Management (GSAM) for approximately $350 million in cash.
June 21, 2018
National Grid Files New Default Service Rates
National Grid has filed with the Massachusetts DPU new basic service rates for industrial customers for the period August 1, 2018 through October 31, 2018.
June 7, 2018
Large Customer Elevates Director of Energy Procurement To Chief Sustainability Officer
Wynn Resorts announced the appointment of Erik Hansen as the company's first Chief Sustainability Officer, responsible for the development of the company's global sustainability strategy and energy procurement goals.
June 1, 2018
Large Aggregator PowerOptions Offering Solar-Plus-Storage Program
Large New England-area aggregator PowerOptions and SunPower announced a program that will provide solar power and battery storage solutions to nonprofit and government institutions in New England
June 1, 2018
Teleios Commodities Provides Start-Up Capital for New Retail Supplier Led By Market Veterans
Teleios Commodities, LLC announced a "material" investment in Powervine Energy, a newly created retail energy company providing energy services to residential customers and small businesses in the Northeastern United States.
May 22, 2018
Mint Energy Announces Agreement To Sell Retail Contracts, Buyer Named
Note: This story was first published the evening of May 22 with an alert to our email subscribers
May 15, 2018
Nstar Eastern Default Service Rates To Fall 10-12%
Nstar has filed with the Massachusetts DPU new electric basic service rates for its Eastern Massachusetts service territory for the period beginning July 1, 2018.
May 14, 2018
Massachusetts Rejects Territory-Wide Implementation Of Smart Meters
Says Benefits Unlocked Mostly Through Dynamic Pricing, But With Load Migrating To Competitive Supply, Can't Guarantee Pricing Structure Or That Benefits Will Be Realized
May 11, 2018
Spark Energy To Pull Back From "Low Margin" Larger C&I Business
As a result of the negative financial impact that extreme cold weather during the first quarter of 2018 had on the business (see story here) , Spark Energy said during an earnings call that it will pull back from the low margin larger C&I business, particularly in the Northeast and New England