Briefly

June 23, 2011
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ICC to Investigate ComEd Supply Rate Design

The Illinois Commerce Commission on June 22 opened an investigation of Commonwealth Edison's supply rate design and related matters (Docket 11-0498). The ICC's order opening the investigation was not available as of 12 p.m. eastern time June 23. However, the proceeding is to apparently implement the recommendation of Staff in ComEd's most recent rate case, which had sought an investigation due to ComEd's stated intention to eliminate the separate supply charge for residential electric space heating customers in the future.

BlueStar's Guy Morgan Named Regional Ernst & Young Entrepreneur of the Year

BlueStar Energy Solutions CEO and Chairman, Guy Morgan has been selected as the Ernst & Young Entrepreneur of the Year for the Midwest region in the services category. "While my name may be on it, this award actually recognizes the success of everyone at BlueStar Energy. It is for this reason that I am proud to accept it on behalf of our team of dedicated professionals who are committed to the customer focus, innovation, passion and integrity that have been instrumental to BlueStar Energy's growth," Morgan said.

Flexon Named CEO of Dynegy

Dynegy Inc. has named Robert Flexon as President and Chief Executive Officer, effective July 11, 2011. Flexon previously served a variety of executive roles at NRG Energy, including COO and CFO. Flexon was most recently CFO at UGI Corporation. Flexon will replace E. Hunter Harrison, who has served as interim President and Chief Executive Officer since April 2011. Harrison will be resuming his role as an independent director and will serve as non-executive chairman of Dynegy's Board of Directors.

DOE Loan Guarantee to Aid NRG Energy Solar Development

NRG Energy, along with Bank of America Merrill Lynch and Prologis, have announced an offer of a conditional commitment from the U.S. Department of Energy's Loan Programs Office to help finance an expected 733 MW of distributed rooftop solar generation. The loan guarantee, supporting $1.4 billion of debt, facilitates a total project size of about $2.6 billion, which is being financed entirely by the private sector over the next four years. As part of the first phase of the program, 15 MW of solar capacity is ready for construction in Southern California, with power sold to a local utility under long-term power purchase agreements.

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