DETROIT, June 25, 2012 (GLOBE NEWSWIRE) -- Viper Networks, Inc. (Pink Sheets:VPER), a minority owner of Aequitas Energy, is pleased to announce that Aequitas Energy, Inc. has applied for market-based rate authority at the Federal Energy Regulatory Commission (FERC) as part of its establishment of a retail energy supply operation.
As reported by Energy Choice Matters, two entities currently share ownership of Aequitas, with Aequitas Energy's president holding ninety (90%) ownership and Viper Networks, Inc. (the company), with ten percent (10%).
Viper Networks holds first right of refusal for additional investments that would likely increase its ownership percentage later in 2012 and beyond.
An earlier Viper Networks news release stated that, "Aequitas Energy's highest priority is to complete all licensing requirements and connection testing in an expedient manner, which is estimated to take approximately 4 to 5 months."
Projected retail market entry is December 2012.
As stated in a previous Viper Networks' press release, Aequitas Energy is gearing up for rapid growth in the residential and commercial markets in Connecticut and Massachusetts, and also expects to expand to natural gas in the near future.
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EnergyChoiceMatters.com is a free website devoted to providing the most timely and in-depth coverage of all issues affecting the competitive retail electric and natural gas markets in the U.S. Updated daily, EnergyChoiceMatters.com is written by an industry expert for the industry, and brings focused and comprehensive coverage on a range of matters affecting retail suppliers, their business propositions, and the market. Coverage ranges from regulatory and market design issues (including the pricing, procurement, and structure of default service, Purchase of Receivables, marketing standards and regulations, wholesale market issues, and other matters impacting headroom), to competitive issues (including new retail entrants and exits, M&A, new products and marketing channels, migration data, etc.).
Article featured June 20, 2012 on Energy Choice Matters at http://www.energychoicematters.com/stories/20120620e.html
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