Start-Up Retail Supplier Preparing to Launch Service

A start-up retail supplier is preparing to offer retail electric and natural gas supply service.

Specifically, Platinum Energy, LLC has sought market-based rate authority from FERC.

In its MBR application, Platinum Energy, LLC said that it, "intends to act as a retail energy supplier in various jurisdictions in the United States," and, "seeks to obtain authorization to sell electricity and natural gas at retail in various state jurisdictions and regional transmission organization territories."

Currently, Platinum Energy, LLC does not supply electricity, or natural gas, to retail customers.

Platinum Energy, LLC said that it is not an affiliate of New York natural gas ESCO Platinum Plus Energy Resources.

"Another entity, Platinum Plus Energy Resources is an Energy Services Company with a similar name, but a completely separate entity wholly-owned by family member [sic] of two of the Company Officers. Platinum Energy, LLC and Platinum Plus Energy Resources are not affiliates. With the exception of a common address, there is no legal relationship between the two entities. Each is under different control, different management and different ownership."

Platinum Energy, LLC is owned 50% by Jason Schwartz and 50% by Justin Schwartz.

Gina Licul serves as Managing Partner of Platinum Energy, LLC. Licul owns 100% of So Natural Gas LLC, a commodity brokerage company.

Certain Platinum Energy officers also hold interests in the following companies:

• SNS Organization Ltd d/b/a Platinum Energy Group, which focuses on mechanical contracting;

• Bain Mechanical; a boiler service company, and

• Platinum Energy Group Mid Atlantic Division, which focuses on mechanical contracting.