Residents Energy, LLC

About Residents Energy, LLC

Residents Energy, LLC is a retail electricity and natural gas provider serving residential and small-business customers in deregulated markets across the eastern United States. It is a wholly owned brand of Genie Retail Energy, the retail energy segment of publicly traded Genie Energy Ltd. (NYSE: GNE), operating alongside sibling brands IDT Energy, Town Square Energy, and others under the Genie umbrella.

Ownership timeline

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

1. October 2011
   Genie Energy Ltd. spun off from IDT Corporation and began trading on NYSE as GNE. All retail energy operations, including predecessor IDT Energy, transferred to the new public company. [source]
2. 2014
   Residents Energy, LLC launched as a new retail energy provider brand within Genie Retail Energy (GRE), the domestic retail energy segment of Genie Energy Ltd. [source]
3. November 2016
   Genie Energy acquired Retail Energy Holdings, LLC (REH), adding the Town Square Energy brand and meters to Genie Retail Energy's portfolio. [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
  July 12, 2018

  Pennsylvania Public Utility Commission voted 5-0 to approve a settlement with Residents Energy (Docket M-2017-2511372) following an informal investigation into a slamming allegation in which a sales agent improperly conducted a third-party verification during a door-to-door sales call. Residents Energy agreed to pay a civil penalty of $6,000, comply with specific reporting requirements, and designate a single point of contact for the Commission's Bureau of Consumer Services. [source]

Rate history

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