Report: Verde Energy Acquires Customers of Retail Supplier

Connecticut Light and Power has informed the Public Utilities Regulatory Authority that all of Reliable Power, LLC's customers were being switched to Verde Energy USA, according to a PURA request for information from Reliable Power on the process.

"On February 13, 2013, the Public Utilities Regulatory Authority (Authority) was informed by The Connecticut Light and Power Company that all of Reliable Power, LLC's (Reliable) retail electric customers were being switched to Verde Energy USA," PURA said in an information request to Reliable Power.

PURA issued the following request to Reliable Power:

"Pursuant to §16-245 of the Connecticut General Statutes (Conn. Gen. Stat.), which requires the Authority to ensure the managerial capability of licensed electric suppliers, and Conn. Gen. Stat. §16-245u, which requires the Authority to monitor the market for electric generation services, the Authority hereby directs Reliable to submit the following information:

"(1) Confirmation whether the information received by the Authority is correct;

"(2) A detailed explanation of the circumstances leading to this event;

"(3) A description of the steps taken by Reliable to notify the affected customers, including a copy of all notices issued, if any; and

"(4) A statement describing Reliable's operation plans going forward and its intention of serving electric generation services in Connecticut."

According to statistics filed with PURA, Reliable Power was serving 3,800 customers at CL&P as of January 31, 2013, and 850 customers at United Illuminating. PURA did not indicate that it had received notice from UI that any Reliable Power customers at UI were subject to a mass transition.