Clearview Electric in Danger of Retail Electric Provider Certificate Being Revoked

The Public Utility Commission of Texas has stated in their latest filing that they believe the requirements of a retail electric provider certificate holder are well known and should have been known by Clearview Electric. The commission does not believe a waiver should be given to Clearview Electric in order to allow them to comply with the requirements of being an REP in Texas unless specific circumstances warrant it.

The PUCT has asked that Clearview give them at least 90 days notice prior to the expiration of their suspension period on whether they plan to come into compliance with the PUCT rule P.U.C. Subst R.25.107 by the compliance deadline. So what is this rule all about and how does it relate to the Texas electricity consumer? Below is a summary of the rule that the PUCT is trying to get Clearview Electric to be in compliance with.

The amendment to §25.107 (1) provides requirements for a change in control of a REP, (2) strengthens the reporting and certification requirements related to managerial resources and ability, (3) limits the number of business names (dbas) a REP may operate under, (4) provides requirements for certification as a distributed generation REP serving large commercial customers, (5) allows the commission to draw on a letter of credit upon the revocation of a REP certificate, (6) defines erroneous switch-holds related to deferred payments plans as a significant violation of the commission’s rules, and (7) makes other clarifying changes.

As you can see the rule seems to be related to making it transparent who owns an electric company as well as limiting the amount of names one REP can hold. I would imagine these rules are in place so that an electric provider cannot hide behind many names for the sole purpose of gaming the system and advertising and promoting to customers in a way that could be seen as unethical and bad for the retail electric markets. We are not saying that Clearview Electric has done any of these things as it appears their violation has more to do with the letter of credit rule. The PUCT may not believe this provider will do anything bad but by enforcing these rules they protect the electric consumer from the possibility of something bad happening.

Currently this company is suspended from selling electric service in Texas. I went on their website and they no longer have Texas listed as one of the states they sell electric service in. From what I can find online they only have about 30 electric service customers in Texas. The PUCT wants a $30,000 letter of credit from them to protect the investment in energy of these current customers but will eventually need a $500,000 letter of credit for them to fully comply. Some of the things the PUCT would like Clearview to agree with in writing to avoid revocation of their REP certificate in Texas are listed below:

  • They must agree to revocation if they fail to comply with rule P.U.C. Subst R.25.107 by the deadline date.
  • Must agree to revocation if they significantly violate any additional rules of P.U.C. Subst R.25.107 before the deadline date of compliance.
  • Clearview must agree that its $30,000 standby letter of credit cannot be withdrawn until they file a $500,000 letter of credit to comply with P.U.C. Subst R.25.107(f)(4)(F)
  • Clearview must agree that once revoked or through Clearviews voluntary ceasing of service to Texas customers it must pay their $30,000 letter of credit to the Public Utility Commission of Texas.
  • They must agree to not add any new Texas customers until the conditions of P.U.C. Subst R.25.107 are met.
  • Clearview must agree to give 90 days advanced notice advance of the June 30 2012 deadline if they will be ceasing operations in Texas or providing the letter of credit.

The PUCT believes that if Clearview Electric cannot agree to these requests that the commission should consider revoking the REP’s certificate.

I looked at the information the PUCT had on Clearview Electric and they do not list any DBA’s this company uses or any bizarre change of ownership information. My opinion is that this electric company may have just not had the required $500,000 letter of credit the PUCT requires for them to operate as a retail electric provider in Texas.

If this is the case it makes sense for the PUCT to be heavy handed in this regard because many electric providers have gone out of business and did not have the money to cover the investment in the energy they purchased when the market moved against them.

The $500,000 letter of credit helps protect customers, investors, and the tax payers from a provider buying energy and then never paying the ERCOT electric grid back for that purchased power.

 

Champion Energy Retail Electric Provider

Saving Money On Electricity In Houston

Champion Energy has a very low cost electric rate in the Houston area but current rates now available may be even better so be sure to compare their prices with the many providers and rates listed in our chart. You can find our compare tool at the top right of this page. Back in Jan 8 of 2008 Champion’s price was lower than any of the other electric companies I had seen so far except for Startex Power. Currently there are new providers out there that may beat them both.

As of Jan 8 2008 they only offer one term at 12 months but this is the most popular term for most people so it usually works for most peoples needs. The rate for January is at 11.1 cents a kWh with a $4.95 monthly service fee but Champion’s electric rate has gone up since then. If you add in the service fee into the rate goes up about .004 cents kWh which is still a lower rate then the most competitive providers offering residential electric service in Houston. For a more competitive electric rate then Champion Energy with no monthly service fee we recommend Startex Power. Depending on your area in Texas their rate will be higher or lower.

If you live in Dallas Texas, Tyler Texas, Alpine, Fort Worth or other cities on the other side of the state there are cheaper providers then Champion. You can find out more here. Learn more about Texas Residential Electricity.

North Texas like Dallas and the cities around Dallas have some of the lowest electric rates in the state in comparison to Houston. We have a comparison chart for commercial customers and a more straightforward comparison for residential customers. If you go to the page for your county or city you will see an advertisement with the lowest cost energy providers for that city on the top left.

Learn more about Texas electricity

Learn more about Champion Energy


Affordable Energy

Affordable Energy

A New Texas Electric MLM Company

There is a new MLM Energy company offering an opportunity in a similar fashion to Ambit Energy and Ignite Energy although they have made their compensation plan quite a bit more attractive. The company goes by the name of Affordable Energy and is a licensed Retail Electric Provider in Texas and offers patented energy efficiency products in all states and internationally.

Positive Aspects To Texas Affordable Energy

Affordable Energy has been in business for 1 year or so and are beginning to kick start the company into gear to take advantage of the Texas deregulated electricity market. Multi-level marketing is one of those things you can make big money at if you get in on it early before the momentum dies off. This company is just getting started and with their competitive compensation plan they are offering their independent sales representatives a much better commission then in comparison to Ambit Energy or Ignite. MLM can be a mistake if you go into it hoping to become rich but do nothing to work at it and grow your business. This opportunity is only worth the effort if you are willing to give your hard work and time to it. Follow the steps given by those who know how to build a successful MLM business and you will do fine. Be aware of the pitfalls and failures of MLM and take advantage of the positives of a new MLM start up and watch the momentum explode your business.

Affordable Electric Rates

Selling Electricity To Residential and Commercial Customers

By selling electricity to residential and commercial electric customers in Texas you can create a business that will pay you residual commissions throughout the life of the contract. You will also receive an upfront one time payment for any customers you sign up which will help keep a sizable income coming in as you build your sales organization. The concentration is on gathering electricity customers. They want you to obtain at least 5 Texas electric customers before you qualify to receive the full compensation plan. The time and effort to take advantage of the full compensation plan is simple and quick and allows those starting early to take advantage of downline residual commissions as your sales downline grows larger and gains additional legs.

PUCT (Public Utility Commission) Licensed REP And Sales Organization

At this time the founding partners of this PUCT licensed Retail Electric Provider are trying to build a team of sales representatives that will grow this business to where Ignite and Ambit are and hopefully overtake them in the process. By getting into this business at the ground level there is the potential to make a large amount of money that isn’t available with some of the other available companies and options out there.

Help In Building Your Business

The founding partners are available to help a new business sales representative build their business and gather the needed 5 electric customers. Meetings, conference calls, and training videos are all being planned and produced at this time and will be available soon. This business really is on the ground floor and so any seasoned or unseasoned MLM’ers should give this company a call or email to see how you can get involved. You may sign up or learn more at Affordable Energy

Learn more about other MLM Electric Companies in Texas:

Ambit Energy
Ignite Energy
Zurvita Energy

Learn more about Texas Electric Companies:

Texas Electricity
Bounce Energy

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