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News Stories: Financial Collateral

October 23, 2025
Pennsylvania

PUC Issues Tentative Order Cancelling EGS’ Licenses For Failure To Maintain Required Financial Security 

The Pennsylvania Public Utilities Commission (PUC) issued a tentative order finding that six (6) the EGSs listed in the supplier table to be non-compliant with the…

October 9, 2025
New York

PSC Seeks Comments On Staff’s Proposed Broker & DER Financial Bond Requirements & Utility Files Q3 2025 Electric and Gas Sample Reports

The New York Public Service Commission (PSC) filed notice seeking comments regarding financial collateral requirements for brokers, consultants and distributed energy…

New York

PSC Seeks Comments On Staff’s Proposed Broker & DER Financial Bond Requirements

The New York Public Service Commission (PSC) filed notice seeking comments regarding financial collateral requirements for brokers, consultants and distributed energy…

August 28, 2025
New York

PSC Staff Propose UBP Amendments Allowing Brokers/Consultants To Use Bonds As Financial Collateral

New York PSC Staff filed proposed amendments to the Uniform Business Practices (UBP) to allow the use of surety bonds as a means of complying with the financial…

August 4, 2025
Massachusetts

State Regulator Urges Passage Of Bill That Would Require $5 Million Bond From Retail Suppliers, Ban Commission Payments, & Require That All Enrollments Occur Through State Website

The Massachusetts DPU has suspended the working groups under its retail energy market reset proceeding, as the DPU said that, “Absent legislative reform, the…

June 25, 2025
New York

Higher Court Upholds Most Broker Regulations; But Rules Bonds May Be Used For Broker Registration

On June 25th, the Albany County Supreme Court (the Court) issued its decision in the case related to energy brokers and consultants. As you may recall, several parties…

June 18, 2025
Pennsylvania

Tentative EGS License Cancellation Order Issued

“As part of its EGS license validation procedures, the Commission’s Bureau of Technical Utility Services sent a 90-day Security Renewal Notice email to each entity…

June 10, 2025
New York

Brokers/Consultants Now Allowed To Use Bonds In Licensing Process

Stay tuned for further New York Public Service Commission (PSC) guidance as to how and when letter of credit may be substituted with bonds. As reported previously, the…

May 15, 2025
Ohio

Ohio Energy Reform Bill Signed By Governor

HB15 passed both chambers of the Ohio legislature and was signed by Governor DeWine. The new law becomes effective August 14, 2025. Among other things, the new bill does…

November 7, 2024
Pennsylvania

PA PUC Issues Tentative Order To Revoke Two Supplier & Two Retail Energy Broker Licenses For Failure To File Proof Financial Security Instruments

The Pennsylvania PUC issued a tentative order proposing to revoke the licenses of 2 retail electric suppliers and two electric brokers for failure to file proof of…

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