Briefly

Young Energy Submits Notice of Intent to Offer AMS-Based Prepay Service

Young Energy, LLC filed a notice of intent with the PUCT to offer prepaid service using a customer prepayment device or system; specifically, a prepaid product relying on the TDUs' advanced metering systems. Terms of service and related documents were filed under seal.

Hearing on AEP Retail Energy Texas REP Certificate Set for Jan. 2012

A procedural schedule for consideration of AEP Texas Commercial & Industrial Retail Limited Partnership's application for an amendment to its REP certificate to serve customers under 1 MW sets a hearing on the issue for January 18-19, 2012 (39509, see 9/12)

Maine PUC Selects 3 Degrees Group for Utility-Offered REC Product

The Maine PUC selected 3 Degrees Group, Inc. to launch and manage a statewide green power program through the state's distribution utilities, for a three-year term. 3 Degrees Group was selected from four bidders in an RFP. The approved green offer includes RECs entirely from Maine (25% Class I, 75% Class II), at a cost of 1.5 cents per kWh. The PUC delegated to Staff approval of specific terms to implement the REC offer at each utility.

FERC Dismisses SECA Rehearing Requests

FERC dismissed all requests for rehearing of its May 2010 order on initial decision in the Seams Elimination Charge Adjustment proceeding (ER05-6). This included dismissing BP Energy Company's request for rehearing of FERC's decision assigning BP the SECA costs originally assigned to Green Mountain Energy, which FERC later removed from Green Mountain as Green Mountain was not a transmission customer. FERC also denied rehearing requests from Constellation Energy and Quest Energy (Integrys) regarding prior shift-to-shipper decisions. The Commission also denied rehearing requests from LSEs which sought reversal of Commission's prior order which accepted SECA costs to recover lost revenues associated with intra-PJM transactions, and which allowed affiliate transactions to be included in the calculation of lost revenues (see 6/23/10).

NRG Energy Completes Energy Plus Acquisition

NRG Energy, Inc. has completed its previously reported acquisition of Energy Plus Holdings LLC, which currently serves more than 180,000 customers.

FERC Requires Mitigation of Duke-Progress Merger

FERC found that it has not been shown that the merger of Duke Energy and Progress Energy, as filed, will not have an adverse effect on horizontal competition in the Carolinas market (EC11-60). However, rather than dismissing the application as insufficient, or setting the matter for paper hearing, FERC instead conditionally approved the merger, and granted the applicants 60 days to propose mitigation, then provided parties with 30 days to respond. FERC did not direct any specific form of mitigation, but said that mitigation measures could include, but not be limited to, "joining or forming an RTO, implementation of an ICT [independent coordinator of transmission] arrangement, generation divestiture, virtual divestiture, and proposals to build new transmission to provide greater access to third-party suppliers." The companies said this morning that they plan to file detailed mitigation measures within about two weeks.