May 1, 2017
Increase In Nstar Residential, Commercial POR Discount Approved
The Massachusetts DPU approved new purchase of receivables discount rates (standard complete billing percentages) at Nstar (Eversource), effective May 1, 2017.
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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.
April 6, 2017
Regulator Orders Municipal Aggregations To Disclose Adder Paid To Consultant In Opt-Out Notices, State That Rates Not Guaranteed To Beat Default Service
Revises Treatment of New Customers in Aggregation Areas
The Massachusetts DPU has issued orders requiring electricity municipal opt-out aggregations to disclose, in customer opt-out notices, administrative adders that are used to compensate the aggregation's consultant, and revised the treatment of new customers moving to the aggregation service area.
April 6, 2017
Energy Market Veterans Leading Start-up Broker
Two energy market veterans are leading start-up broker-consultant Allieum LLC
April 5, 2017
Massachusetts Default Service Rates To Increase
Fitchburg Gas and Electric Light Company d/b/a Unitil has filed with the Massachusetts DPU electric basic service rates for the period beginning June 1, 2017.
March 22, 2017
Utility: Greater Transparency Needed On Muni Aggregation Pricing
Greater transparency and customer education is needed concerning opt-out municipal aggregations, Nstar (Eversource) said in comments to the Massachusetts DPU, expressing concerns that aggregation customers may end up paying higher rates.
March 21, 2017
Retail Supplier Opposes "Unprecedented" Extension of Switching Timeline Sought By Utility
Choice Energy, LLC objected to the, "unprecedented," application of National Grid in Massachusetts to extend the number of days that a competitive electric supplier must submit a switch, from two to four days prior to the scheduled meter read date, for the switch to occur at the next meter read
March 17, 2017
National Grid Residential POR Discount to Decrease, Commercial POR Discount To Increase
National Grid in Massachusetts has filed new proposed purchase of receivables discount rates (standard complete billing percentages) to be effective May 1, 2017.
March 17, 2017
Nstar Residential POR Discount To Increase
Nstar (Eversource) has filed new proposed purchase of receivables discount rates (standard complete billing percentages) to be effective May 1, 2017.
March 17, 2017
Utility's Residential POR Discount Rate To Increase 60%, To Over 4%
Western Massachusetts Electric Company (Eversource) has filed new proposed purchase of receivables discount rates (standard complete billing percentages) to be effective May 1, 2017.
March 16, 2017
National Grid Files New Default Service Rates
National Grid has filed with the Massachusetts DPU new basic service rates for residential and commercial customers for the six-month period beginning April 1, 2017, and for industrial customers, for the three-month period beginning April 1, 2017
March 9, 2017
Massachusetts Adopts Rules On Disposition, Cost Recovery Of Long-Term Utility Generation Contracts
The Massachusetts DPU has adopted rules implementing certain recently enacted statues requiring the EDCs to solicit long-term contracts for 9,450,000 megawatts-hours of, "clean energy generation," and 1,600 megawatts of offshore wind power, which is equal to about 50% of retail sales in the state…
March 7, 2017
Identity of Retail Supplier Acquired By National Gas & Electric Disclosed
Perigee Energy, LLC informed regulators that on February 3, 2017, National Gas & Electric, LLC acquired 100% of the membership interests of Perigee, thereby implementing a change of control of the ownership of the company.
February 25, 2017
Dynegy Says More Asset Sales Possible
Dynegy said during an earnings call that more generation asset sales are possible as part of its strategy to meet its 4.5x net leverage target
February 25, 2017
Dynegy Organically Expanding Retail To Two States, Talks Potential For Texas Retail Entry
Dynegy is expanding its retail business to two states organically, and moving into Texas would be beneficial, but would be secondary to more pressing balance sheet goals, Dynegy CEO Robert Flexon said during an earnings call
February 9, 2017
WMECO Files New Default Service Rates
Western Massachusetts Electric Co. (Eversource) has filed with the Massachusetts DPU new basic service rates for medium and large commercial and industrial customers for the three-month period beginning April 1, 2017
February 8, 2017
Nstar Files New Default Service Rates
Nstar (Eversource) has filed with the Massachusetts DPU new basic service electric rates for large C&I customers for the three-month period beginning April 1, 2017
January 20, 2017
Over Objection of Retail Suppliers, FERC Grants Complaint To Immediately Reduce Capacity Market Clawback (Peak Energy Rent) In New England
FERC granted in part a complaint filed by generators and found that ISO New England's Peak Energy Rent (PER) mechanism, which is a form of capacity market revenue clawback paid to load, is no longer just and reasonable. FERC ordered immediate changes to the PER strike price
January 18, 2017
Eversource Seeks To Consolidate Nstar, WMECO Operating Companies, Consolidate Rates
Utility Seeks OK For Investment In Storage, EV Infrastructure, DER Integration Tools
Nstar and Western Massachusetts Electric Co. (Eversource) have filed a rate case with the Massachusetts DPU that proposes to consolidate the operating companies into a single entity, along with certain rate consolidation, and which seeks authority to invest in storage and other new energy…
January 17, 2017
Start-up Benchmark Services "Actively Targeting" Brokers For Strategic M&A, Also Set For Organic Growth
Start-up broker-consultant Benchmark Services, Inc. is "actively targeting" potential broker business acquisitions while also priming itself for organic growth, Benchmark Services, Inc. President Mark Tackley told EnergyChoiceMatters.com
December 29, 2016
Dynegy Proposes Divestiture Of Plants In Response To FERC Order Requiring Mitigation To OK Acquisition of GDF Suez Generation
Dynegy has proposed to divest generation in response to a FERC order requiring mitigation of Dynegy's proposed acquisition of 8,731 megawatts of generation capacity from Engie (f/k/a GDF Suez)
December 23, 2016
FERC Subjects Dynegy Purchase of GDF Suez Plants To Mitigation
Divestiture Or Other Mitigation Measures Must Be Proposed
FERC issued an order finding that a transaction under which Dynegy would acquire 8,731 megawatts of generation capacity from Engie (f/k/a GDF Suez) raises competitive concerns in certain capacity market local deliverability areas, and conditioned approval of the acquisition on mitigation
December 20, 2016
National Grid Files New Default Service Rates
National Grid has filed new Massachusetts electricity basic service rates for industrial customers for the three-month period beginning February 1, 2017.
December 15, 2016
Crius Energy Acquires Customer Book
On December 8, 2016, Abest Power & Gas executed an Asset Purchase Agreement with Public Power, LLC, a unit of Crius Energy, pursuant to which Public Power will acquire Abest’s retail electric supply customers.
December 2, 2016
Crius Energy Giving Away Free Energy To Celebrate 1 Millionth Customers
Crius Energy announced its first cross-brand promotion, designed to celebrate the company's one millionth customer milestone.