Florida electricity retailer faces $250K penalty for failing to meet R.I. renewable energy requirements

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THE R.I. PUBLIC UTILITIES COMMISION on Friday voted to collect a $250,000 bond from electricity company Liberty Power Holdings LLC for failing to meet the state's renewable energy credit requirements.
PROVIDENCE – Declaring bankruptcy does not exempt an electricity company from facing penalties for failing to meet Rhode Island’s renewable energy requirements, state utility regulators said on Friday. The R.I. Public Utilities Commission voted 3-0 to force Florida-based Liberty Power Holdings LLC to give up the $250,000 bond – which had already been posted –…

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