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Update: Crius Energy Trust To Acquire U.S. Gas & Electric

MVC Says Crius Acquisition of USG&E Determined To Be Superior To Equus Transaction Crius Energy Trust Announces Acquisition of U.S. Gas & Electric, Inc. and C$110 Million Bought Deal Offering of Subscription Receipts

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.

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RESA: PPL's Comments Show "Uncertainty" Over Treatment Of Existing Customers Once PUC Restricts Shopping For CAP Customers To CAP-SOP Program, Would Welcome PUC Clarification

The Retail Energy Supply Association said that a May 16 letter from PPL Electric Utilities (PPL) regarding the new Customer Assistance Program Standard Offer Program (CAP-SOP), which will be the only vehicle for CAP customer shopping at PPL starting June 1, shows that there is uncertainty concerning…

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PPL: "Multiple" Retail Suppliers Intend To Participate In CAP Standard Offer Program (Will Be Only Mechanism For CAP Customer Shopping Starting June 1)

PPL: "Unequivocal" That CAP-SOP Order Provides That "All" Existing CAP Customer Contracts Remain In Place

Dismissing operational concerns raised by the Retail Energy Supply Association, PPL Electric Utilities (PPL) said in comments to the Pennsylvania PUC that "multiple" retail suppliers "intend" to participate in the Customer Assistance Program Standard Offer Program (CAP-SOP), which will be the only…

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PUC Affirms Ability To Review Retail Supplier Contracts For Compliance With "Plain Language" Requirement, Affirms Such Review Is Not An Impermissible Interpretation Of A Private Contract

PUC Lowers Proposed Civil Penalty On Retail Supplier

In an order on a complaint brought by a non-residential customer against Blue Pilot Energy, LLC, the Pennsylvania PUC affirmed that it has authority to review electric generation supplier (EGS) contracts for compliance with the plain language requirement of 52 Pa. Code § 54.43(1), as the PUC also…

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Pennsylvania Retail Energy News (Page 63) | EnergyChoiceMatters.com