NH Columnist: Electricity Market Is A Mess (Resident Power, PP&G Litigation)
March 24,2014
Writing in the Manchester Union Leader columnist Dave Solomon takes a look at New Hampshire's retail electric market, including the recent default of People's Power & Gas.
Solomon reports that aggregator Resident Power, "has sued the company [PP&G] and obtained a court order freezing customer payments held by PSNH and a bond held by ISO-NE." "Bart Fromuth, president of Resident Power, said he hasn't heard from PPG in months, despite repeated attempts and the lawsuit, filed on Feb. 4, seeking $70,000 for commissions owed and other damages," Solomon reports.