Morgan Stanley Sub. Seeks Texas Retail Electric Provider Certificate

Morgan Stanley Capital Group Inc. applied for an Option 2 Texas retail electric provider certificate, to serve specifically identified customers contracting for one megawatt or more of capacity who provide an affidavit agreeing to such service.

In its application, Morgan Stanley Capital Group stated, "Morgan Stanley Capital Group Inc. does not currently have a contract with a customer for retail service, but anticipates reaching agreement on commercial terms with one or more customers shortly. Once such agreement is reached, Morgan Stanley Capital Group Inc. will comply with P.U.C. Subst. R. § 25.107(d)(2) and promptly supplement this Application with a notarized affidavit from each customer with whom it has contracted to provide one megawatt or more of capacity."

A separate Morgan Stanley subsidiary, MS Retail Development Corp., had been licensed as an Option 1 REP in Texas from 2003 until relinquishing its license in 2007. In filing to relinquish its license in 2007, MS Retail Development had said that, MS Retail Development Corp. had no, and never had any, retail electric customers in Texas.