New Retail Provider, Formed By Owners Of Northeast ESCO, Receives Texas REP Certificate

The Texas PUC granted Virtual Energy Supply, LLC an Option 1 retail electric provider certificate.

Virtual Energy Supply is led by individuals who hold, or have held, similar positions at American Power & Gas, including Virtual Energy Supply, LLC's CEO James Bridgeforth.

Bridgeforth, based on previously publicly disclosed information, is understood to hold, or have previously held, a stake in American Power & Gas.

In its initial Texas REP application filing, Virtual Energy Supply, LLC listed its Chairman as Thomas Cummins.

Since such time, Virtual Energy Supply has made various supplemental filings in its REP application docket, some of which are confidential, and thus the nature of such can not be confirmed.

Cummins is understood to have established Cummins Worldwide, and founded, and based on previously publicly disclosed information is understood to own or have owned a majority of, Consumer Sales Solutions. In turn, based on previously publicly disclosed information, Consumer Sales Solutions is understood to own or have owned a majority of American Power & Gas.

Virtual Energy Supply received authority to collect customer deposits.