or proof of a contractual arrangement with an existing PJM LSE that Entity (“LSE”) facilitates the Since Park Power is taking title to electricity, applicant’s retail operations. it is required to comply with this requirement. Accordingly, Park Power provided proof of membership in the PJM as a LSE with its application. Finally, should Park Power employ any independent consultants to arrange for the sale of its energy products to end-users, it must inform such independent consultants that they will be required to be licensed as an EGS if they arrange for the sale of energy products to end-users from another supplier or suppliers in addition to Park Power. Park Power has provided proofs of publication in appropriate Pennsylvania newspapers, and proofs of service to the interested parties as required by the Commission. In accordance with the financial requirements of the EGS license application, Park Power has supplied financial information in the form of an audited company balance sheet as of September 27, 2012, as well as its insurance information. Park Power also provided documentation on its available lines of credit, complete with terms and rates. With regard to the technical fitness requirements of the EGS license application, Park Power provided a brief description of its intended operations as a licensed retail electric supplier in Pennsylvania, as well as summary descriptions of the qualifications and history of its intended subcontractor, GP Renewables & Trading, who will be consulting in areas such as, but not limited to, load forecasting, scheduling, and portfolio management. The Applicant also provided the professional resumes of its chief officers. We find that sufficient information has been provided by Park Power to demonstrate its financial and technical fitness in order to be licensed as an EGS in the Commonwealth of Pennsylvania.
Entity (“LSE”) or proof of a contractual arrangement with an existing PJM LSE that facilitates the applicant’s retail operations. Since Park Power is taking title to electricity, it is required to comply with this requirement. Accordingly, Park Power provided proof of membership in the PJM as a LSE with its application. Finally, should Park Power employ any independent consultants to arrange for the sale of its energy products to end-users, it must inform such independent consultants that they will be required to be licensed as an EGS if they arrange for the sale of energy products to end-users from another supplier or suppliers in addition to Park Power. Park Power has provided proofs of publication in appropriate Pennsylvania newspapers, and proofs of service to the interested parties as required by the Commission. In accordance with the financial requirements of the EGS license application, Park Power has supplied financial information in the form of an audited company balance sheet as of September 27, 2012, as well as its insurance information. Park Power also provided documentation on its available lines of credit, complete with terms and rates. With regard to the technical fitness requirements of the EGS license application, Park Power provided a brief description of its intended operations as a licensed retail electric supplier in Pennsylvania, as well as summary descriptions of the qualifications and history of its intended subcontractor, GP Renewables & Trading, who will be consulting in areas such as, but not limited to, load forecasting, scheduling, and portfolio management. The Applicant also provided the professional resumes of its chief officers. We find that sufficient information has been provided by Park Power to demonstrate its financial and technical fitness in order to be licensed as an EGS in the Commonwealth of Pennsylvania.
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