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NY PSC Secretary Letter Extends Application Deadline For Complying With Broker/Consultant Rules
Applicants Will Not Need To Include Any Financial Accountability As Part Of Their Registration Packages
A New York PSC Secretary extended until October 27, 2024, the deadlines for complying with Ordering Clauses 3, 6, 7, and 9 of the April 2024 broker regulation order, “excluding those provisions that require applicants to provide a method of financial accountability.
As reported previously, on September 12, 2024, the New York State Supreme Court, Albany County, vacated the temporary restraining order (TRO) and issued a preliminary injunction order to enjoin only the Commission’s enforcement of the financial assurance requirement as implemented through Ordering Clauses 3, 6, and 7 of the Order on Rehearing.
Excerpts from the NY PSC Secretary Letter:
{***] In light of the foregoing, the deadlines for complying with Ordering Clauses 3, 6, 7, and 9 of the Order on Rehearing – excluding those provisions that require applicants to provide a method of financial accountability – are extended until October 27, 2024, and the requirement that applicants provide a method of financial accountability is suspended until further notice. In other words, at this time, energy brokers and energy consultants will not need to include any financial accountability as part of their registration packages. [ Emphasis added] {***]
The PSC previously posted an announcement on the Commission’s website that stated that it is “anticipated” that the DPS may issue notices concerning changes to the compliance schedule, with such notices to be posted in 23-M-0106. Entities are advised to monitor this docket link to monitor for any updates.
Notice Regarding Compliance Deadlines
23-M-0106
Also see: Albany Supreme Court: Index No: 907356-24
