Start-up Seeks Texas Retail Provider Certificate; Shares Leadership With Private Equity Firm Investing Distributed Generation, Other Innovations

Start-up Pecan Power LLC applied for an Option 2 Texas retail electric provider certificate

On its website, the company describes itself as, "A diversified energy services provider serving the state of Texas."

Although any potential legal affiliation was not clear from its application filed with the PUCT, the leadership of Pecan Power LLC also leads Modern Energy, which invests in distributed generation and other energy technologies and innovations. The companies also share an address.

Mark Laabs and Benjamin Abram serve as Managing Directors of Pecan Power LLC. Laabs serves in the same capacity at Modern Energy, and Abram serves as Managing Director of certain Modern Energy funds.

Spencer Kuzmier, Bo Clayton, and Angela M. Fox are listed as authorized representatives of Pecan Power LLC in the company's Texas REP application

A Spencer Kuzmier serves as a director at Modern Energy. Kuzmier previously served as a trader and analyst at EDF Trading