On the heels of its exit from the Pennsylvania direct access market, Green Mountain Energy Company announced that it is terminating its agreement to supply the Northeast Ohio Public Energy Council's (NOPEC) retail electric aggregation program on December 31, 2005. Green Mountain attributed the move to "adverse regulatory events," citing FERC's implementation of the Seams Elimination Charge Adjustment and resulting litigation as well as unexpected charges associated with the start of the Midwest Independent Transmission System Operator's Day II energy markets. According to a story in the Austin Business Journal, Green Mountain will cut about 50 jobs as a result of the changes in Ohio and Pennsylvania.
The NOPEC retail electric aggregation program is the largest in the United States, serving more than 450,000 residential and small commercial customers. Green Mountain has supplied the aggregation group since September 2001. Together, NOPEC and Green Mountain helped spur the growth of renewable energy in Ohio by participating in the state's first utility-scale wind farm in Bowling Green and developing solar projects.
News Release - Green Mountain Energy Company to Discontinue Service to NOPEC Aggregation Program
News Article - Green Mountain discontinues service in two states, has layoffs
News Article - Energy provider severing deals, jobs: Austin's Green Mountain to leave Ohio market and lay off almost a third of its workers