Regulator Formally Issues Modified $2 Million NOV Against Retail Supplier, Extends Sought License Suspension Period To 10 Years

Addressing a previously reported request from its Enforcement Staff, the Connecticut PURA formally issued a Notice of Violation (NOV) against Verde Energy USA Inc. that would impose a $2 million fine on Verde, would require restitution to all customers for service back to October 2020 if such customers paid more than standard service, and which would suspend Verde's electric supplier license, requiring the return of Verde's Connecticut customers to default service

Verde has twenty days to contest the NOV and request a hearing on its allegations

The issued NOV from PURA is substantially similar to an NOV previously sought by PURA Enforcement Staff, with some modifications

Of note, the issued NOV would suspend Verde's supplier license for 10 years, while the Staff draft NOV proposed a five-year suspension

See our prior story here for more details on the NOV and the allegations prompting its issuance