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…
News Stories: Financial Collateral
October 9, 2025
August 28, 2025
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
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
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
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
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 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
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…
October 29, 2024
Retail Suppliers Warn Proposed ~1,000% Increase In PJM Minimum Capital Requirement To $5 Million Will Drive Retail Suppliers Out Of Business
Retail energy suppliers consistently warn that a $5 million capitalization requirement being considered for PJM market participants could potentially cause many small…
October 24, 2024
HB 1578 Passes Requiring $1 Million In Security For Retail Electric/Gas Entities & Imposes New Sales Channel Requirements Including Training
The Pennsylvania House of Representatives has passed HB 1578 that if signed into law would require retail energy suppliers and brokers marketing to residential…
