New York PSC Grants Specific Broker An Extension Of The Deadline To Provide A Letter Of Credit

The Secretary of the New York PSC granted Fluent Consulting Corporation d/b/a Fluent Energy an extension until May 14, 2026 to comply with the PSC's recently adopted requirement which obligates brokers and consultants provide to the PSC a demonstration of financial accountability, in a manner prescribed by the Uniform Business Practices

See background on the new broker financial requirements, finalized in a January 28, 2026 PSC order, in ECM's prior story here

Fluent Energy had specifically requested an extension until May 14, 2026

The deadline for the demonstration of financial security by brokers and consultants in New York is otherwise April 30, 2026

Several other brokers and consultants have requested an extension. As of publication time, the Secretary has only granted an extension to Fluent Energy, and such extension is not applicable to any other broker or consultant

However, brokers and consultants which had timely requested an extension, and which had enumerated specific justification and supporting reasons similar to those cited by Fluent Energy (noted below), may potentially receive similar relief. Extension requests for the financial security compliance deadline under the PSC's January 28, 2026 broker order were due by April 27

Fluent Energy had provided the following justification for its sought extension:

"Fluent Energy has been advised that its application to re-establish an Irrevocable Standy Letter of Credit to satisfy the registered Energy Consultant's obligation to provide $50,000 of suitable security is experiencing some processing delay in the bank's credit underwriting system. The supporting funds for this instrument have been in place for some time, and what remains is for the bank to complete its process and to provide us with remaining signatory documents to execute that will result in the provision of the requisite demonstration of financial accountability.

"We are being advised that an extension often (10) business days should be sufficient to complete the installment of this instrument."

Matter 23-01227