PUC Orders That Retail Supplier Can Not Enroll New Customers, Finds Supplier Out Of Compliance, Issues $250,000 Fine

The Rhode Island PUC today voted to find that Agera Energy, LLC (Agera) can not enroll new customers

The PUC voted to find that Agera Energy, LLC is out of compliance with Rhode Island's Renewable Energy Standard (RES) for Compliance Year 2018.

As a result, the PUC voted to draw on Agera Energy, LLC's letter of credit on file with the PUC. The PUC said that the amount of the alternative compliance payment due from Agera Energy, LLC for 2018 Renewable Energy Standard compliance exceeds the amount of the letter of credit

As the PUC voted to draw on the letter of credit, the PUC voted to find that once such funds are released, Agera Energy, LLC will be out of compliance with the applicable retail energy supplier rules, and, as such, voted to find that Agera Energy, LLC can not enroll new customers

The PUC voted to penalize Agera Energy, LLC $250,000

The PUC said that Agera Energy, LLC had used banked RECs to comply, in part, with the Renewable Energy Standard for 2018, but the PUC said that the banked RECs were insufficient to cover Agera Energy, LLC's obligation for 2018. The PUC said that no additional evidence of eligible RECs or alternative compliance payments had been presented by Agera Energy, LLC. The PUC said that PUC Staff reported that Agera's NEPOOL GIS account does not have any remaining RECs eligible to be retired.

Docket 4964