New Texas REP Launches Service, Files to Offer Prepaid Plan

Start-up Texas retail electric provider Pro Power Providers, LLC has recently launched service, and has now filed a statement of intent with the PUCT to provide retail electric services using a customer prepayment device or system

Pro Power Providers describes itself as employee-owned, and is led by CEO Chuck McArthur. Pro Power Providers recently entered into a multi-year agreement with DTE Energy for a structured supply arrangement and credit facility.

Texas retail market veteran Kris Hertel serves as Chief Marketing Officer for Pro Power Providers

For residential customers at Oncor, Pro Power Providers currently lists on its website a 12-month fixed plan with an average all-in rate of 11.3¢/kWh (all average rates at 1,000 kWh usage). This reflects an energy charge of 7.0¢/kWh, plus a monthly base charge of $4.95, and a pass-through of TDU charges.

For residential customers at CenterPoint Energy Houston Electric, Pro Power Providers currently lists on its website a 12-month fixed plan with an average all-in rate of 12.4¢/kWh. This reflects an energy charge of 7.4¢/kWh, plus a monthly base charge of $4.95, and a pass-through of TDU charges.

The products include a $150 early termination fee.

Commercial service is also available.