Pa. PUC Issues Bond Increase/Renewal Warning Letters To Multiple Retail Suppliers, Brokers
September 28,2015
The Pennsylvania PUC has issued letters informing retail suppliers of increased amounts required to be filed for security, as well as warning suppliers and brokers of the requirement to submit renewed security.
To see which companies the PUC warned concerning security compliance, search the PUC's docket website using the search parameters 9/24/15 to 9/25/15 under "Document Served Date" (leave other fields blank)
Generally, the PUC informed suppliers and brokers that, "Please be advised that within 10 days of the date of this letter, [Company] MUST file with the Commission an ORIGINAL of any documentation that a bond, or other approved security, has been obtained, such as: an original bond, letter of credit, continuation certificate, amendment, etc. If the documentation filed is not an original, the documentation will be rejected and returned to you. Failure to file the requested documentation may result in the cancellation of your company’s electric supplier license, removal of your information from the Commission’s website and notification to all electric distribution companies, in which your company is licensed to do business, of the cancellation of the license"