Retail Supplier To Stop Serving The New York Energy Market

After more than 15 years of providing natural gas in New York, Infinite Energy filed at the New York PSC to relinquish its eligibility as an ESCO in the state.

"After years of trying to work with the PSC and other stakeholders on New York’s market problems, including participation in countless working groups, submitting many comments and regulatory filings, and -- regretfully -- several lawsuits, it is time to move on," said Infinite Energy co-CEO Darin Cook. "The current system does not have effective licensing or customer protection rules, nor sufficient checks on utility market power, putting customers at risk from bad actors and creating artificial barriers that deter good actors."

Infinite Energy continues to serve customers in Georgia, Florida, New Jersey and Texas, as well as independent transport and large-scale customers across the country. Infinite Energy also began serving commercial and industrial customers in Ohio earlier this year. The company continues to see success and growth in these markets.

"The time has come to rededicate our resources where they will be the most beneficial, and to that end, we’re increasing our presence in other, stronger markets," Cook said.

Based on the schedule for customer notices and meter reads, Infinite Energy intends to no longer serve the New York market as of August 31. Current customers may choose another supplier or return to their utility for default service.

In its filing to relinquish its eligibility as an ESCO in New York, Infinite Energy (d/b/a Intelligent Energy) informed the PSC that the number of Infinite Energy customers behind any one utility is less than the threshold stated in Section 5.H.3 of the Uniform Business Practices. Section 5.H.3 states that no ESCO shall transfer 5,000 or more customers during a billing cycle to full utility service, unless it provides no less than 60 calendar days notice to the distribution utility and Department of Public Service.

Infinite Energy had not actively marketed in New York since 2011

As required by the UBP, Infinite Energy will send each of its New York customers notice enumerating their options and advising them that if no action is taken, they will be returned to utility service on the next switch date occurring no less than fifteen days after the post date of the notice. Because of the timing of the notice and drop requests, it is anticipated that all of the company's customers will be returned to utility sales service by the end of the first week of August.