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On October 14, 2026, Tesla Energy Ventures, LLC file an application with the Illinois Commerce Commission (ICC) seeking an Illinois alternative retail electric supplier (ARES) license to serve residential customers and small commercial retail customers, and large commercial and industrial customers, in the Commonwealth Edison service area.

In its application Tesla Energy Ventures indicates that it intends to provide single billing services (most commonly referred to as supplier consolidated billing or SCB) to residential and other eligible retail customers in the ComEd service territory.

The application also indicates that “Applicant is currently licensed as a Retail Electric Provider (REP) in the State of Texas under the jurisdiction of the Public Utility Commission of Texas (PUCT), ERCOT market. Applicant is not licensed as a retail electric supplier in any other jurisdiction. Except as set forth herein, neither Applicant nor any of its affiliates has had any formal complaints filed against it for the provision of electric or gas services in this or any other jurisdiction. “

The Application further indicates that “Parent unconditional guarantee from Tesla, Inc. to the People of the State of Illinois, face $6,000,000 (not less than 1080 × 50 MW expected peak hourly demand × $71.65/MWh P_avg45 per ICC Docket 26-0251; formula floor $3,869,100). Supported by Attachment D, Attachment E (executed), and peak-MW good-faith exhibit. Item 25 / §451.510(a): Surety bond in favor of ComEd, face $1,600,000 (not less than 15% of good-faith single-billing remittance estimate). Supported by Attachment F and SBO good-faith exhibit.”

Tesla’s application also indicates that it, “intends to offer time-of-use rate plans, electric vehicle charging-optimized rate plans, and renewable-backed electric supply plans, as well as a Virtual Power Plant program aggregating customer-owned distributed energy resources.”