PORT CHESTER, NY (September 23, 2025) — Governor Kathy Hochul announced that the New York State Public Service Commission has approved a settlement with nine energy service companies (ESCOs), requiring them to pay $50 million in billing adjustments and offer up to $21 million in future savings to customers.
The settlement involves companies affiliated with NRG, impacting 278,000 current and former residential and small commercial customers. The ESCOs will also provide a 15 percent discount on utilities for a year to the affected customers.
Settlement Details
The companies involved are Gateway Energy Services Corporation, Energy Plus Holdings LLC, Energy Plus Natural Gas, LLC, Direct Energy Services, LLC, Green Mountain Energy Company, Reliant Energy Northeast LLC, Stream Energy New York LLC, XOOM Energy New York LLC, and NRG Business Marketing, LLC. Combined, they serve over 120,000 electric and more than 40,000 gas customers in New York State.
Governor Hochul stated, “The settlement agreement adopted by the PSC today puts money back in the pockets of customers and offers them future savings, putting affordability first for everyday New Yorkers.”
Public Service Commission Chairman Rory M. Christian commented, “The agreement announced today with these energy service companies, or ESCOs, will ensure customers remain protected and promote greater energy affordability.”
Background and Allegations
On September 23, 2025, the Commission ordered the nine affiliated companies to show cause why their eligibility to act as ESCOs should not be revoked due to alleged violations of the Commission’s orders. The companies have denied most allegations but agreed to the settlement terms, resolving all alleged violations.
Today’s decisions can be accessed through the Commission’s website by searching for relevant case numbers. For further assistance, the Commission’s contact details are provided.
This article was prepared with the assistance of AI tools under the direction and editing of Robert Cox.
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