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10 Retail Suppliers Seek Meeting With Maryland Governor, Urge Gov. To Prevent Reform Bill From Becoming Law
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Ten retail energy suppliers have sent a letter to Maryland Gov. Wes Moore seeking a meeting to discuss the retail energy reform bills (SB0001, HB0267), and asked that Moore prevent the legislation from becoming law
The letter was signed by executives from NRG Energy, Constellation, Vistra, CleanChoice Energy, Tomorrow Energy, Genie Energy, IGS Energy, American Power & Gas, Just Energy, and Indra Energy
The letter in full is below:
"Dear Governor Moore:
"We are writing to express our deep concern with Senate Bill 1/House Bill 267. As currently drafted, and contrary to how it is being positioned, this bill is anti-consumer, anti-business, and anti-environment. If passed, it will drive business out of Maryland, drive up the cost of energy, and take choice away from Maryland consumers.
"We urge you to prevent this legislation from becoming law. The legislation reflects a misapprehension of the energy industry, and well-established business practices of companies that have responsibly served Maryland consumers for many years. Above all it does not reflect your goals for Maryland. If you sign this bill, Fortune 500 companies, like NRG and Constellation, as well as many other reputable suppliers like the undersigned, will view the Maryland consumer market as essentially closed for business. Ironically, in an attempt to clean up the market, the legislation could simply leave it with only the worst actors.
"This bill irreparably harms Maryland’s ability to meet legislatively mandated 2050 climate goals, and your agenda to attract more innovation and business investment to Maryland. It also sends a clear message to the almost 500,000 Maryland customers that currently shop that their preferences are irrelevant and that their energy supply service will be re-monopolized under orders from the state. They will know that their choices are of no consequence. What will Maryland choose for them next?
"We are asking you to make an executive decision to move the energy market forward and not set it back 100 years. Encourage the Public Service Commission to ensure that Maryland consumers are protected and have the ability to choose the products and services that meet their own needs as was intended by the Electric Customer Choice and Competition Act of 1999.
"We request an opportunity to meet with you and discuss our concerns and sincerely appreciate your efforts to keep Maryland open for business.
"Sincerely,
Larry Coben, CEO – NRG Energy
Michael Stein, CEO – Genie Energy
Dan Verbanac, SVP – Constellation
Scott White, President and CEO – IGS Energy
James Bridgeforth, President – American Power & Gas
Scott Hudson, President – Vistra
Michael Carter, CEO – Just Energy
Robert Palmese, President and CEO – Indra Energy
Tom Matzzie, Founder and CEO – CleanChoice Energy
Paul Keene, CEO – Tomorrow Energy
"
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March 5, 2024
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Copyright 2010-23 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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