Enel Subsidiary Receives Texas Retail Electric Provider Certificate

The Public Utility Commission of Texas granted Enel Trading North America, LLC ("Enel") an Option 1 Texas retail electric provider certificate

Enel's application to enter the Texas retail electric market had been first reported by EnergyChoiceMatters.com in April

In its original application, Enel had stated, "The business plan connected with obtaining the retail license in Texas is to serve large/medium Commercial and Industrial customer[s] in ERCOT territories. Enel plan [sic] is to use retail in order to expand its renewable offering with shorter term, smaller size contracts to mainly sell the energy from our renewable portfolio."

"Target customers will be Large Commercial, Industrial and Governmental customers (over 25kW)," Enel had stated in its original application

"We already serve C&I customers through wholesale renewable PPAs or interfacing and scheduling the energy directly to their Retail electric provider through ERCOT portal," Enel had stated in its original application

Enel currently owns and operates in ERCOT 963 MW of renewable capacity (wind and solar), including: Snyder Wind (63 MW), Roadrunner Solar (400 MW), and High Lonesome Wind (500 MW). Enel is also building an additional 970 MW of renewable and battery energy storage, and has plans to build more wind and solar plants in the state in the coming years.

In its portfolio, Enel currently serves 100+ wholesale customers

In the REP application, Enel did not seek authority to collect deposits or advance payments from customers