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Houston-based Verde Energy has agreed to pay $1.5 million and withdraw from the Connecticut market for seven years after violating Connecticut’s marketing requirements for energy suppliers.
It’s the second energy supplier to face sanctions after being hit recently with a Notice of Violation by the Public Utilities Authority. In September, PURA fined Sunwave Gas & Power CT $1 million and revoked its license for failing to maintain membership in ISO-NE. ....
The Public Utilities Regulatory Authority on Wednesday revoked an electric supplier’s license and fined the company $1 million, after finding that it failed to comply with several PURA orders.
The company, Sunwave Gas & Power CT, will be required to pay a $1 million fine. PURA also affirmed Sunwave’s obligation to pay restitution to customers. ....