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PURA denies American Electric Rates' application for electric aggregator certificate
Summary
The Public Utilities Regulatory Authority denied American Electric Rates LLC's application for an electric aggregator certificate after staff found the company acted as an agent for suppliers rather than representing customers, citing compensation and contract terms.
The Public Utilities Regulatory Authority on March 12 denied the application of American Electric Rates LLC (AER) for an electric aggregator certificate of registration in Docket 241010, concluding the company functions as an agent for suppliers rather than as a representative of customers.
Authority staff attorney Janelle McGregory told the panel that AER filed its application on Oct. 2, 2024 under a provision of Connecticut law governing aggregator registration. McGregory said the authority conducted an uncontested proceeding and delegated review to…
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