PJM Confirms Drop Of Defaulting Supplier's Customers To Default Service

PJM said in a market notice that, on June 12, 2018, PJM declared Amerigreen Energy, Inc. in default of Amerigreen's payment obligations under the PJM Operating Agreement for non-payment of its May 1-30, 2018 month-to-date weekly invoice.

The shutdown of Amerigreen Energy had been previously reported by RetailEnergyX.com

PJM stated in the market notice that Amerigreen’s load is being transitioned to the applicable electric distribution company for the zone in which Amerigreen had been serving customers, and there has been no disruption in service to those customers.

PJM stated in the market notice that PJM projects it holds sufficient financial security from Amerigreen to cover both its outstanding charges and any anticipated remaining charges related to their default. Therefore, PJM does not anticipate there will be a default allocation assessment to PJM members resulting from Amerigreen’s default.

PJM stated in the market notice that Amerigreen’s rights to participate at PJM committee meetings, to transact business in PJM markets, and to receive transmission service from PJM have been terminated.