Glacial Energy Issues Response to PUCT NOV, Revocation Petition

Glacial Energy issued the following response yesterday to a Notice of Violation filed by the PUCT executive director and the petition (1/10) by PUCT Staff to revoke the REP certificate of Glacial Energy of Texas, Inc.

"On January 6, 2012, the staff of the Public Utilities Commission of Texas ('PUCT') issued a Notice of Violation and on January 9, 2012 issued a Petition Seeking Revocation to Glacial Energy. This Notice and Petition will be vigorously contested by Glacial Energy of Texas at the PUCT and in the courts.

"First, the Notice clearly infringes upon the constitutional rights of Glacial Energy of Texas by attempting to force a divestiture of ownership or revocation through the retroactive application of a new 2010 administrative rule.

"Second, the record will establish that Glacial Energy of Texas did not provide any false or misleading information to the PUCT in its original application in 2005.

"Third, any sales taxes mistakenly billed to residential customers were not kept by Glacial Energy, were remitted to the State, and finally, were refunded to customers.

"Glacial Energy of Texas has a low rate of customer complaints, and the PUCT has found in its favor on every one. Customers can be assured that their Glacial Energy of Texas service will continue without interruption until this matter is resolved. Please note that this is a Texas matter and no other Glacial Energy Affiliate is affected."

Matters asked Glacial to clarify its statement that the NOV concerns "retroactive application of a new 2010 administrative rule." A Glacial representative said that the statement will be explained in upcoming filings in the case, and did not elaborate.