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New York PSC Grants Extension For Certain Brokers To File Letter Of Credit & Denies “Untimely” Requests
As reported previously, the New York Retail Choice Coalition (NYRCC) sought a new extension of the deadline from the New York Public Service Commission (NYPSC) noting that it intended to appeal the Commission’s broker regulation decision to the New York Supreme Court.
On July 30, 2024 a Ruling on Extension Request was issued.
See Albany Supreme Court Index No. 907244-24
Subsequently on July 29, 2024, NYRCC formally filed an appeal of the broker regulation order, which it had previously informed the Commission of such pending filing.
In response, on July 30, 2024, the New PSC’s secretary letter denied such request saying that, “further across-the-board extension of the deadline to register and comply with PSL §66-t would harm entities that have worked diligently to comply with the requirements and have achieved a registration status.”
“The 20 entities that have achieved final registration status have, among other things, secured letters of credit from financial institutions. Letters from the Department have been placed in the mail to them, and they are ready to participate in the New York marketplace consistent with PSL §66-t and the program developed thereunder.”
23-M-0106
In the Matter of Commission Registration of Energy Brokers and Energy Consultants Pursuant to Public Service Law Section 66-t.
