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PUC Issues Tentative Cancellation Order Against Two EGS’ For Failure To Submit Security Instruments
The Pennsylvania Public Utilities Commission issues a tentative order announcing the cacellation of two licensed entities for failure to provide requisite financial collateral as required by the rules.
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As of December 10, 2024, each EGS listed in the Supplier Table below has not provided proof to the Commission that it has a bond or other approved security in the amount or language directed by the Commission, to replace a bond which is expired, or which is non-compliant with Commission regulations.
Based on the above facts, we tentatively conclude that the EGSs listed in the Supplier Table are not in compliance with 52 Pa. Code § 54.40(a) and (d) and therefore it is appropriate to initiate the cancellation process for the EGS license of each company listed in the Supplier Table, without the necessity of a formal complaint, as being in the public interest; {***}
See table in Tentative Order
{***} THEREFORE, IT IS ORDERED:
- That cancellation of the Electric Generation Supplier License of each company listed in the Supplier Table is hereby tentatively approved as being in the public interest.
That the Secretary (i) serve a copy of this Tentative Order upon the Office of Consumer Advocate, the Office of Small Business Advocate, the Bureau of Investigation & Enforcement, all electric generation distribution companies, and all of the Electric Generation Suppliers listed in the Supplier Table; (ii) publish a copy of this Tentative Order in the Pennsylvania Bulletin with a 30-day comment period; and (iii) file a copy of this Tentative Order at each Electric Generation Supplier’s assigned docket number.
That, to the extent any of the Electric Generation Suppliers listed in the Supplier Table challenge the cancellation of their license, they must file comments within thirty (30) days after publication of this Tentative Order in the Pennsylvania Bulletin. {***}
Tentative Order (12/19/2024)
(Electric Generation Supplier License Cancellations of Companies with an Expired Financial Security, Insufficient Financial Security Amount or Language)
