Retail Supplier Voluntarily Suspends Marketing, Enrollments In State Pending Investigation Settlement Discussions

In seeking stay of a procedural schedule in a Public Utilities Commission of Ohio investigation proceeding, Verde Energy USA Ohio, LLC stated that it has voluntarily agreed to immediately take steps to cease marketing retail electricity and gas to Ohio residents and cease enrolling new retail electricity and gas customers in Ohio.

See our prior story here for specific allegations against Verde that are being investigated under the proceeding

"The immediate cessation by Verde Energy of all of its retail electric and gas marketing and customer enrollment in the State of Ohio reflects Verde Energy’s commitment to complying with the Ohio Administrative Code and to working with the PUCO Staff and the OCC in this matter to develop a comprehensive agreement that will put in place terms and measures that Verde Energy must comply with in order to restart its marketing activities in Ohio, and that will protect Ohio consumers of electricity and gas, subject to the Commission’s review of any proposed stipulation reflecting those terms and measures," Verde said in a filing

Verde Energy’s voluntary cessation of all marketing activities and customer enrollment in Ohio will continue for a period of 30 days from the filing of a motion on May 3, or until such time as the parties arrive at a stipulation, whichever occurs earlier.

In a statement to EnergyChoiceMatters.com, Verde Energy said that, "Verde Energy can confirm that the parties are currently engaged in active settlement negotiations to resolve the issues raised by PUCO Staff in their letter filed in this matter on April 17, 2019. Beyond that, Verde Energy has no further comment."

Separately, PALMco Energy OH, LLC d/b/a Indra Energy and PALMco Power OH, LLC d/b/a Indra Energy (collectively, Indra), which is also subject to a PUCO investigation proceeding, said in a filing that, "Indra has suspended all direct-marketing to residential customers in the State of Ohio."

See our prior story here for specific allegations against Indra that are being investigated under the proceeding

"No new variable contracts have been entered since this investigation began. While nothing currently prevents Indra from resuming direct-marketing, Indra recognizes that under the current circumstances, and during the pendency of the investigation, resuming direct-marketing would not be a good idea. Indra does not intend to sell variable rate products to Ohio residential customers until this investigation is resolved," Indra said