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News Stories: Financial Collateral

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…

October 29, 2024
PJM

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
Pennsylvania

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…

September 26, 2024
Pennsylvania

PA PUC Tentatively Cancels Two EGS Licenses For Failure To Renew Bonds

Docket No. Company Name Financial Security Cancelation Date PA PUC Approved Amount or Language A-2018-3005372* Brookfield Renewable Energy Marketing US LLC 9/14/2024 No…

September 4, 2024
Connecticut

EOE Provides Guidance to Licensed Suppliers Regarding Regulation Changes in Security Requirements

In an EOE Letter sent to all electric suppliers pursuant to the new Connecticut regulations, an electric supplier shall maintain an amount of security based on its…

August 22, 2024
Pennsylvania

PA PUC Tentative Order Cancelling Licenses for Expired Financial Security

Please see attached or at the weblinks below the Tentative Order from the Commission’s Public August 22, 2024, Meeting re: Electric Generation Supplier License…

August 6, 2024
Connecticut

New Regulations for Electric Suppliers in Effect

In Connecticut Final Approved Regulations have been approved with an effective as of July 24, 2024, upon posting by the Secretary of State. The new rules include:…

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