Atlantic Energy MD, LLC

About Atlantic Energy MD, LLC

Atlantic Energy MD, LLC is a licensed retail electricity and natural gas supplier operating in deregulated markets across the northeastern and midwestern United States, including Ohio. The company offers residential and small-commercial customers electricity supply plans and is a wholly-owned subsidiary of Atlantic Energy Group LLC, which has been majority-owned by private equity firm Gainline Capital Partners since June 2021.

Ownership timeline

Documented corporate events. Each entry links to a primary source.

1. 2011
   Atlantic Energy LLC founded by Patrick Linden and James Uglow as a retail electricity and natural gas supplier. [source]
2. June 16, 2021
   Gainline Equity Fund LP (Gainline Capital Partners) closed on a majority acquisition of Atlantic Energy Group LLC from co-founders PLLH Holdings LLC and USAP Group LLC. [source]
3. April 25, 2023
   Atlantic Energy announced a new executive management team: Rob Cantrell named CEO, replacing the prior co-CEO leadership structure of Patrick Linden and James Uglow. [source]

Track record

Documented regulatory actions, litigation outcomes, and major corporate events. Each entry is sourced. Pending matters and unresolved allegations are not listed.

• regulatory
  June 15, 2021

  Maryland PSC approved a settlement (Case No. 9624) resolving a May 2019 Staff complaint alleging Atlantic Energy MD, LLC engaged in deceptive door-to-door sales practices, including agents misrepresenting themselves as representatives of the state's EmPOWER Maryland energy-efficiency program. Atlantic agreed to pay a $250,000 civil penalty and provide refunds to customers enrolled by ten specific agents during November 17, 2017 through March 1, 2019, and to require Third Party Verifications for all future Maryland residential and small commercial enrollments. [source]

• regulatory
  2021

  Illinois Commerce Commission initiated a citation proceeding (Docket No. 21-0790) against Atlantic Energy MD, LLC for failure to comply with annual and quarterly filing requirements applicable to Alternative Retail Electric Suppliers. The docket is accessible on the ICC's public e-docket system; the specific penalty amount was not confirmed in publicly indexed documents. [source]

• regulatory
  January 23, 2025

  New York PSC adopted a settlement agreement (Case No. 23-M-0166) resolving an August 2023 order to show cause. Atlantic acknowledged enrolling more than 250 mass-market customers on non-compliant products offering inappropriate inducements and transferring 25 expired customers to renewable energy products without affirmative consent. Atlantic agreed to pay a $100,000 civil settlement and refund approximately $3,234.67 to affected customers. Atlantic's management noted the violations predated the current leadership team in place since summer 2023. [source]

Rate history

Atlantic Energy MD, LLC's lowest fixed and variable rates over time, broken out by territory.