September 18, 2014 10:36 PM ET

Electric Utilities

Company Overview of BP Energy Company

Company Overview

BP Energy Company provides natural gas, power, and risk management services to the industrial and utility sectors in the United States and Canada. The company is a retail electric provider in Texas. It also offers a Web-based load monitoring service for IDR meters. The company was incorporated in 1985 and is based in Houston, Texas. BP Energy Company operates as a subsidiary of BP plc.

501 Westlake Park Boulevard

Houston, TX 77079

United States

Founded in 1985

Phone:

281-366-2000

Fax:

281-366-5027

Key Executives for BP Energy Company

President
Age: 57
Compensation as of Fiscal Year 2014.

BP Energy Company Key Developments

B.P. Energy Co. Wins $42.8 Million Federal Contract

B.P. Energy Co. was awarded a $42,801,948 federal contract by the Defense Logistics Agency Energy, Fort Belvoir, Virginia, for direct supply of natural gas for the U.S. Navy, U.S. Air Force, U.S. Marine Corps and federal civilian agencies.

Federal Energy Regulatory Commission Accepts BP Energy Company's Market Power Analysis

The U.S. Department of Energy's Federal Energy Regulatory Commission issued the text of the following delegated order to BP Energy Company. On December 19, 2012, as supplemented on January 18, 2013, the company filed an updated market power analysis for the Southwest Power Pool region in compliance with the regional reporting schedule adopted in Order No. 697 and pursuant to the Commission's order granting the BP MBR Companies authority to sell electric energy and capacity at market-based rates. The company also submitted a revised tariff to incorporate the required provisions adopted by the Commission in Order No. 697 and Order No. 697-A. Pursuant to the authority delegated to the Director, Division of Electric Power Regulation - West, under 18 C.F.R. section 375.307, the company's submittals filed in the referenced dockets are accepted for filing. The commission allows power sales at market-based rates if the seller and its affiliates do not have, or have adequately mitigated, horizontal and vertical market power. The company stated that all of the BP MBR Companies' generation capacity is fully committed under long-term power purchase agreements and thus they do not have any uncommitted capacity in the Westar BAA. Based on representations, the BP MBR Companies' submittal satisfies the Commission's requirements for market-based rate authority regarding horizontal market power. Based on representations, the BP MBR Companies' submittal also satisfies the Commission's requirements for market-based rate authority regarding vertical market power. The BP MBR Companies must file electronically with the Commission Electric Quarterly Reports. The BP MBR Companies further must timely report to the Commission any change in status that would reflect a departure from the characteristics the Commission relied upon in granting market-based rate authority. This order constitutes final agency action. Requests for rehearing by the Commission may be filed within 30 days of the date of issuance of this order.

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