Rule changes made some time ago by the PUC due to the failures of some REPs in ’08 include the following measures:
- The Commission adopted stronger technical and managerial standards for REPs.
- REPs must now meet higher standards for capitalization and risk management.
- REPS entering the market must post a $500,000 letter of credit that may be used to pay the deposits of low-income customers if they are transferred to the POLR.
- A new rule now forbids a person who had control of a REP that transferred its customers to a POLR from owning or controlling a REP thereafter.
- The notice provided customers by ERCOT when they are transferred to a POLR was strengthened.
- More time is now given for the transferred customers to pay deposits to the POLR and more financial assistance was added for the low-income customers.
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