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November 15, 2010
Intelligen Resources Seeks Ohio Broker License
Intelligen Resources LP applied for
an Ohio electric broker license to serve all customer classes in all service areas.
Prospect Resources Receives Maryland Broker License, Fined $100
The Maryland PSC fined
Prospect Resources, Inc. $100 for brokering load without the required license (for
a single account since 2008), and granted Prospect Resources an electric broker license
to serve commercial and industrial customers in all service areas.
Energy Acceptance Corp. Receives Maryland Broker License
The Maryland PSC granted
Energy Acceptance Corp. an electric broker license to serve commercial and industrial
customers in all service areas.
Spark Energy CEO Keith Maxwell Named Ernst & Young Energy Entrepreneur of the Year
Spark
Energy CEO Keith Maxwell was named Ernst & Young Entrepreneur of the Year national
winner in the Energy, Chemicals and Mining Category for 2010.
PUCT Dismisses Revocation Proceeding Against TGT Energy
The PUCT dismissed Staff's
petition to revoke the REP certificate of TGT Energy, LLC as TGT Energy is an Option
2 REP and not required to comply with several provisions of Subst. R. 25.107 on which
the original petition was based. TGT Energy, a subsidiary of Target Corporation,
also said that it has changed its name to PP&E, LLC.
Icahn Offers Dynegy $2 Billion
Line of Credit
US Power Generating Company issued a statement Saturday in response
to the announced nomination of USPowerGen CFO Jeff Hunter by Seneca Capital to Dynegy's
Board of Directors, as part of Seneca's strategy in opposing Dynegy's acquisition
by an affiliate of the Blackstone Group. USPowerGen said that Hunter has been and
will continue to be the CFO of USPowerGen. "As such, contrary to recent press reports,
Mr. Hunter, while in this position, is not available to serve as interim CEO or in
any other interim management role for Dynegy if the need should arise," USPowerGen
said. Separately, noted investor Carl Icahn on Friday offered Dynegy a $2 billion
line of credit from the Icahn companies to answer Dynegy's argument that rejection
of the Blackstone transaction will place Dynegy in a liquidity crisis. Icahn, Dynegy's
largest shareholder, also opposed the transaction, and said he may bid for Dynegy
if shareholders reject the Blackstone transaction.
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