Public Utility Commission of Texas
PETITION TO REVOKE THE RETAIL ELECTRIC PROVIDER CERTIFICATE OF MQE, LLC DBA MY QUEST ENERGY
(Partial excerpt)
II. BACKGROUND MQE is authorized by the Commission to provide retail electric service under REP Certificate No. 10236. Upon information and belief, on February 22, 2021 ERCOT provided MQE with a notice of material breach of ERCOT’s Standard Form Market Participant Agreement (SFA) for MQE’s failures to provide required collateral and timely pay settlement invoices. Additionally, MQE did not cure the material breach within the deadline provided by ERCOT. Therefore, on Friday, April 9,2021, ERCOT revoked all rights of MQE to conduct activity as a Market Participant under the ERCOT Protocols, stating in part that MQE had failed to timely pay settlement invoices totaling $13,038,793.74. On the same day, April 9,2021, MQE filed an application to amend its REP certificate, seeking to relinquish its certificate.2 Given these facts, Commission Staff recommends that revocation of MQE’s REP certificate is appropriate.
PETITION TO REVOKE THE RETAIL ELECTRIC PROVIDER CERTIFICATE OF ENERGY MONGER, LLC
(Partial excerpt)
II. BACKGROUND Energy Monger is authorized by the Commission to provide retail electric service under REP Certificate No. 10276. On February 18, 2021, Commission Staff was notified of concerns regarding Energy Monger’s ability to meet its financial obligations in the Electric Reliability Council of Texas (ERCOT) marketplace. On information and belief, on March 9,2021, ERCOT provided Energy Monger of a notice of material breach for Energy Monger’s failures to provide required collateral and timely pay settlement invoices. Between March 15,2021 and March 17,2021, all Energy Monger customers were transferred to JP Energy Resources LLC, doing business as Ampra Energy to prevent those customers from being involuntarily transferred to a provider of last resort (POLR) service.2 On March 24, 2021, ERCOT revoked all rights of Energy Monger as a market participant and terminated its Standard Form Market Participant Agreement (SFA) as a result of Energy Monger’s failures to provide required collateral and pay outstanding settlement invoices. Specifically, as of March 24, 2021, ERCOT asserted that Energy Monger had outstanding collateral calls in the amount of $7,790,739.84 and unpaid invoices in the amount of $8,527,259.10.3 That same day, Energy Monger filed with the Commission a letter to relinquish REP certificate number [0276.4 In its letter, Energy Monger stated that it was electing to “abandon the ERCOT market” and has short-paid approximately $8,514,248.45 as of March 17, 2021.5