2 former electric providers in Texas face nearly $3.7 million in fines over ceased operationsBy AP
Friday, January 15, 2010
2 former electric providers face hefty Texas fines
AUSTIN, Texas — Two former electric providers face nearly $3.7 million in penalties for not properly advising Texas regulators that they were ceasing operations in 2008.
The Public Utility Commission approved enforcement orders against National Power Co. Inc. of Houston and Pre-Buy Electric LLC of Grapevine.
National Power must pay a $1.8 million fine. Pre-Buy Electric was ordered to pay almost $1.9 million. Both also must refund all customers deposits and prepayments.
The commission on Thursday approved a preliminary order against HWY 3 MHOP also known as eTricity, of Denton, with a recommended penalty topping $1.4 million.
The company is accused of failing to notify regulators and customers of its intent to cease operations. A hearing is set for Thursday.