Former Energy Trading Exec Forms New Retail Supplier -- EnergyChoiceMatters.com

Former Energy Trading Exec Forms New Retail Supplier

May 27, 2022

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Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com

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Better Than Yesterday Capital Management, d/b/a Better Than Yesterday Energy, has been formed by a prior retail natural gas trading executive to provide natural gas and electricity services to customers

In Ohio, Better Than Yesterday Energy filed an application as a natural gas aggregator (docket code -AGG) but its statements suggest it is seeking to act as a retail supplier

Better Than Yesterday Energy applied to serve all customer classes at Columbia Gas of Ohio, Dominion Energy Ohio, and CenterPoint Energy Ohio (Vectren)

"Better Than Yesterday Capital Management LLC was formed by a prior retail natural gas trading executive to provide competitive retail natural gas to residents and small businesses in Ohio -- initially in the utility jurisdiction of Dominion East Ohio and Columbia Gas of Ohio," the application states

Ohio is the first jurisdiction in which Better Than Yesterday Capital Management is seeking certification to provide retail natural gas and electric services. Other jurisdictions in which the company is seeking certification include, but are not exclusive to, Pennsylvania, New York, Kentucky, Indiana, and Maryland.

Better Than Yesterday Energy indicated that it will eventually offer, "retail power services."

Better Than Yesterday Capital Management is owned by Samuel Kuntz. "The Director of Operations and Business Development is managed by Samuel Kuntz, an experienced physical and financial natural gas trader and marketer. He is an expert in natural gas fundamentals and has extensive experience in natural gas transportation, storage, and end-use marketing for both large and small customers," Better Than Yesterday Energy states

"The manager of the applicant has many years of experience in buying and selling natural gas amongst different counterparties: producers, end-users, mid-marketers, large and small. Specific to marketing gas in Ohio, the manage has experience in transacting in Dominion's pooling area, Columbia Gas's pooling area. Additionally, as a historic provider to various citygates, the manager has specific experience in seasonal load patterns and various means to procure gas for reliable deliverability," the company states

Further indicating that Better Than Yesterday Energy will serve as a supplier, the company states, "The operational nature of the business includes the contracting of physical natural gas purchases for retail sales. The Company has established relationships with producers and mid-marketers throughout the entire US, but more specifically in the Appalachia region. The Company has secured strategic partnerships for procuring physical natural gas and appropriate pre-payment and credit arrangements to facilitate the transactions ... The Company will schedule the purchased gas for delivery to the LDC. Management has experience in balancing natural gas nominations through the business cycle and will implement an immediate focus on ensuring the nominations and load needs are met on a cycle-by-cycle basis."

"The services provided will be managed on a cycle by cycle basis, ensuring proper pipe balancing and delivery, as well as appropriating the necessary amount of gas into natural gas storage caverns for the winter months. Due to the underlying volatility of the delivered product (natural gas and power), additional mechanisms of protecting the integrity of the enterprise will be protecting summer and winter supplies with physical and financial products offered by trading houses and exchanges," Better Than Yesterday Energy states in the application

Furthermore, Better Than Yesterday Energy states that it will elect for the utilities to bill on its behalf

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