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Public utilities

Illinois Commerce Commission Approves Wholesale Energy Corp's Request for Agent, Broker, and Consultant Licensure

Strategic Insights

— 1 min read

The Illinois Commerce Commission has taken a crucial step in the regulatory landscape of the state's energy market by issuing a certificate of service authority to Wholesale Energy Corp (C0RP). The verification process, which began on January 9, 2025, has resulted in the approval of the company's request to operate as an agent, broker, or consultant, thereby enabling it to provide assistance to end-users in procuring electricity and power. This regulatory decision is set to take effect on May 12, 2025.

Key Takeaways:

  • The Illinois Commerce Commission has issued a certificate of service authority to Wholesale Energy Corp (C0RP), allowing it to operate as an agent, broker, or consultant in the state's energy market.
  • The verification process involved the submission of an initial application on January 9, 2025, followed by an Amended Application on February 10, 2025, and a Verified Statement on February 20, 2025, from Staff.
  • Wholesale Energy Corp has demonstrated compliance with the financial, managerial, and technical requirements to obtain the Certificate of Service Authority, with no complaints filed against it in the jurisdictions where it offers services.
  • The Commission's decision was made after waiving the hearing, and the Administrative Law Judge (ALJ) entered the Amended Application and Staff's Verified Statement into the record.
  • The license was granted on February 24, 2025, and is set to take effect on May 12, 2025.
  • The case, Docket No.: 25-0029, was initiated to address the applicant's request for licensure under Section 16-115C of the Public Utilities Act.

Statistics:

  • 25-0029: Docket Number for the regulatory case initiated on March 13, 2025.
  • January 9, 2025: Date on which the initial application was submitted by Wholesale Energy Corp.
  • February 10, 2025: Date on which the Amended Application was filed.
  • February 20, 2025: Date on which Staff filed the Verified Statement recommending the grant of certificate of service authority.
  • February 24, 2025: Date on which the ALJ issued the recommendation to grant the requested Certificate of Service Authority.
  • May 12, 2025: Effective date of the license granted by the Illinois Commerce Commission.

Sources:

  • Illinois Commerce Commission (2025). Docket No.: 25-0029.
  • Theresa Orozco, Administrative Law Judge. To: The Commission (February 24, 2025).
  • Illinois Public Utilities Act, Section 16-115C.

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