Virginia Administrative Code › Title 20 - PUBLIC UTILITIES AND TELECOMMUNICATIONS › Agency 5 - STATE CORPORATION COMMISSION › Chapter 312 - RULES GOVERNING RETAIL ACCESS TO COMPETITIVE ENERGY SERVICES › Section 20VAC5-312-50 - Competitive service provider registration with the local distribution company

Current through Register Vol. 40, No. 24, July 15, 2024
A. A
				competitive service provider shall submit to the local distribution company the
				full name of the competitive service provider, the type of entity (e.g.,
				partnership, corporation, etc.), physical street and mailing
				addresses.
B. A competitive service
				provider shall furnish the local distribution company and the transmission
				provider proof of licensure from the State Corporation Commission to provide
				competitive energy services in the Commonwealth. A competitive service provider
				shall provide notice of any suspension or revocation of its license to the
				local distribution company and the transmission provider upon issuance of the
				suspension or revocation by the State Corporation Commission.
C. A competitive service provider and the
				local distribution company shall exchange the names, telephone numbers, and
				e-mail addresses of appropriate internal points of contact to address
				operational, business coordination and customer account issues, and the names
				and addresses of their registered agents in Virginia.
D. The local distribution company may require
				reasonable financial security from the competitive service provider to
				safeguard the local distribution company and its customers from the reasonably
				expected net financial impact due to the nonperformance of the competitive
				service provider. The amount of such financial security shall be commensurate
				with the level of risk assumed by the local distribution company, as determined
				by the local distribution company's applicable tariff approved by the State
				Corporation Commission. Such financial security may include a letter of credit,
				a deposit in an escrow account, a prepayment arrangement, a surety bond, or
				other arrangements that may be mutually agreed upon by the local distribution
				company and the competitive service provider. Disagreements with respect to
				financial security shall be subject to the dispute resolution procedures
				established pursuant to
				20VAC5-312-110 G.
E. Prior to imposing a non-emergency related
				restriction or disqualification on a competitive service provider, as provided
				by its tariff approved by the State Corporation Commission, the local
				distribution company shall notify the competitive service provider of the
				impending restriction or disqualification and its effective date, the alleged
				action or inaction that merits such restriction or disqualification, and the
				actions, if any, that the competitive service provider may take to avoid the
				restriction or disqualification. Such notice shall be in writing and sent to
				the competitive service provider via fax or overnight delivery. A copy of the
				notice shall be forwarded contemporaneously to the State Corporation
				Commission's Division of Energy Regulation via fax or overnight
				delivery.
Statutory Authority
§ 12.1-13 of the Code of Virginia.