Texas PUC Grants REP Certificate To Start-up That Will Market "White Label" REPs For BTM Providers, Other Low Carbon Devs ("Rent a REP")

The Public Utility Commission of Texas granted MI Texas REP 1 an Option 1 Texas retail electric provider certificate

As exclusively first reported by EnergyChoiceMatters.com, MI Texas REP 1 is ultimately a unit of Mothership Energy Group (a trade name of Mothership LLC) which, among other energy services, offers the "Mothership Incubator", which, "will operate an Option1 [sic] REP licensed in ERCOT on your behalf for your customers, offering a true white labeled REP that you control."

Described as "Rent a Retail Electricity Provider", the Incubator states that it has been tailored to support serving loads with behind-the-meter generation, while Mothership Energy Group itself generally focuses on services aimed at renewable, storage, and low carbon energy solutions.

"Mothership Incubator operates front-, mid-, and back-office REP functions and assumes all commodity, licensing, and compliance risks. We have negotiated vendor agreements that are tailored to support serving loads with behind-the-meter generation, including special considerations for net-metering, asset aggregation, and wholesale and ancillary services market participation," Mothership Energy Group states

Maura Yates serves as CEO of Mothership Energy Group. Yates was most recently VP of Solar and Sustainable Solutions for MP2 Energy. Yates has also held positions at SunEdison, Standard Renewable Energy, and Arizona Public Service

Calin Brammer serves as COO of MI Texas REP 1 and works in business development at Mothership Energy Group. Brammer previously served as a senior energy analyst at MP2 Energy and has held positions at SunPower and Sunrun

MI Texas REP 1 received approval to use the trade name "Abacus Energy Retail Electricity".

MI Texas REP 1 received approval for the option of collecting deposits from customers

According to Texas Secretary of State records at the time its REP application was filed in August, the sole member of MI Texas REP 1 was MI TEXAS, LLC. The sole member of MI TEXAS, LLC was Mothership Incubator, LLC. The sole member of Mothership Incubator, LLC was Mothership LLC. According to Texas Secretary of State records at the time the REP application was filed in August, the members of Mothership LLC were Sarah Devon, Maura Yates, Renslem Capital LP and Whale Capital LP