HomeMarch 5, 2015
Texas PUC Opens Proceeding to Disburse REP's Letter of Credit (POLRs Among Potential Claimants)
Copyright 2015 EnergyChoiceMatters.com.
The Public Utility Commission of Texas has opened a proceeding to disburse the proceeds from Proton Energy's letter of credit.
As previously reported, Proton Energy's REP certificate was revoked last year, and its remaining 600 customers were transferred to POLRs.
Staff petitioned the Commission to commence the waterfall process which governs the disbursement of REP security in such situations.
Aside from ERCOT and the TDUs, potential claimants to the proceeds include POLRs who assumed Proton's customers, to pay for the deposits of low-income customers.
Staff proposes that parties be given 45 days to submit a claim.
Docket 44504
You can follow specific tags with a free account and see their newest stories in one place. Sign up or sign in.
Copyright 2015 EnergyChoiceMatters.com. Unauthorized copying, retransmission, or republication prohibited. You are not permitted to copy any work or text of EnergyChoiceMatters.com without the separate and express written consent of EnergyChoiceMatters.com.
