New Texas Retail Provider, Whose Trade Name Is "HODL", Receives REP Certificate

The Public Utility Commission of Texas granted Mothership Texas REP 11, LLC an Option 2 Texas retail electric provider certificate

Option 2 REPs are limited to serving customers 1 MW and larger which provide an affidavit agreeing to such service

Under the certificate, the PUC approved the use of HODL as a trade name on Mothership Texas REP 11, LLC's certificate

While Mothership Texas REP 11, LLC has not publicly disclosed any reason for the selection of HODL as a trade name, EnergyChoiceMatters.com merely notes, for possible context, that an acronym (or more specifically, a "backronym" created from an internet poster's misspelling) "HODL" is used in the cryptocurrency industry (with the use of such term later becoming a broader meme). EnergyChoiceMatters.com emphasizes that no connection between the selection of HODL as a trade name and its use in the cryptocurrency industry has been confirmed.

According to Texas Secretary of State records at the time Mothership Texas REP 11, LLC filed its application in August 2022, the governing person (member) of Mothership Texas REP 11, LLC was MI Texas, LLC

According to Texas Secretary of State records at the time Mothership Texas REP 11, LLC filed its application in August 2022, MI Texas, LLC also served as the governing person (member) of MI Texas REP 1, LLC, which as previously reported is certificated as an Option 1 REP and whose certificate is used by several distinct and separate white label retail provider brands