Retail Supplier Defaults, ISO Notifies Providers Of Last Resort

The New York Independent System Operator, Inc. on February 12 provided notice to the Federal Energy Regulatory Commission of the immediate termination of BBPC, LLC dba Great Eastern Energy (Great Eastern Energy) from the NYISO-Administered Markets in accordance with Section 2.7.5.3 of the NYISO’s Open Access Transmission Tariff (OATT) and Section 7.5.3 of the Market Administration and Control Area Services Tariff (Services Tariff).

NYISO in its FERC filing stated, "The NYISO, by correspondence dated February 11, 2019, declared Great Eastern Energy in default as defined in Section 7.5.1 of the Services Tariff and Section 2.7.5.1 of the OATT, for breach of the billing and payment provisions of the NYISO’s tariffs, and Great Eastern Energy remains in default under the NYISO’s tariffs. Great Eastern Energy is a Load Serving Entity that serves distribution customers in New York. The NYISO will contact the providers of last resort in the areas served by Great Eastern Energy, and those providers will provide distribution service to Great Eastern Energy’s former customers."