New Retail Supplier Receives Initial New York ESCO Eligibility Finding

New York Department of Public Service Staff have informed Platinum Energy1, LLC that all requirements for the initial state of the company's ESCO eligibility determination have been satisfied.

Staff noted that Platinum Energy1, LLC may now continue with the utility approval stage of the eligibility process.

As is customary, Staff informed Platinum Energy1 that, "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".

As previously reported by ECM (more details here), Matthew Lanfear serves as CEO of Platinum Energy1, LLC

Platinum Energy1's ESCO eligibility, when final, will allow the company to serve as a natural gas ESCO for large C&I customers