BP Energy Retail Receives Finding That Initial New York ESCO Eligibility Requirements Have Been Met

New York Department of Public Service Staff have informed BP Energy Retail LLC that all requirements for BP's initial state of its eligibility determination as an ESCO have been satisfied

With such initial eligibility determination, Staff advised BP Energy Retail that the company may now continue with the utility approval state of the eligibility process by contacting those utilities in whose service territories BP intends to participate.

Staff noted that, "The utility stage normally consists of a creditworthiness determination, completion of EDI Phase III Testing and the execution of any operating or billing service agreements. Each utility’s eligibility requirements pertain to only their retail access programs."

Staff's letter states, "Once you have satisfactorily completed the utility eligibility stage, Staff will be notified by the utility of your success. Please notify Staff of the actual production date in the utility service territories you intend to enroll customers. At that point Staff will confirm your final eligibility requirements have been satisfied.."

In its initial registration filed in May, BP Energy Retail LLC sought eligibility to serve large commercial and industrial customers