August 3, 2023
Energy Management & Consulting Firm Acquires Energy Procurement Firm
Priority Power Management has acquired Atlas Retail Energy, an energy procurement business in the Northeast serving customers across the U.S., from Iapetus Holdings.
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Mergers, Acquisitions & Finance
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August 1, 2023
Texas Muni Utilities Seek To Stop Sale Of STP Nuclear Plant Ownership Share Among Retail Supplier Parents
As previously reported, on May 31, 2023, NRG Energy, Inc. ('NRG'), through Texas Genco GP and Texas Genco LP, (collectively the 'Seller') entered into an Equity Purchase agreement pursuant to which Constellation Energy Generation, LLC ('Constellation') agreed to purchase all of the Seller’s equity…
July 27, 2023
AEP Energy Grows Customer Base By Nearly 100,000 Accounts While Working Through Sale Process
Retail supplier AEP Energy had approximately 844,000 customer accounts as of June 30, 2023, parent American Electric Power reported in a 10-Q.
July 27, 2023
Energy Management Company Acquires Broker-Consultant
Broker Affiliated Power Purchasers International, LLC was recently acquired by energy management company Environ Energy LLC.
July 27, 2023
Texas Retail Provider Sells Part Of Customer Book
Energy Texas recently sold what it publicly described as "a small subset of customers" to BKV Energy in what Energy Texas publicly described as, "part of a divestiture of a specific line of business."
July 25, 2023
European Developer Acquires 280 MW ERCOT Storage Project (First U.S. Acquisition)
Corre Energy B.V., announced today that its North American subsidiary, Corre Energy US Development Company LLC, has entered into an exclusive agreement to acquire a 280-megawatt (MW) / 4.2 gigawatt-hour (GWh) energy storage project from Contour Energy, a Texas-based energy storage infrastructure…
July 24, 2023
Elliott Seeks To Purchase Up To 20% Of NRG Common Stock
Elliott Associates, L.P. ('EALP'), Elliott International, L.P. ('EILP') and The Liverpool Limited Partnership ('Liverpool' and, together with EALP and EILP, the 'Elliott Applicants') filed at FERC for approval to purchase, directly or indirectly through subsidiaries, in market transactions, up to…
July 20, 2023
Retail Supplier Comments Further On Common Stock Dividend; Announces Dividend on Preferred Stock
Via Renewables, Inc. ('Via Renewables' or the 'Company') announced today that, in accordance with the terms of the 8.75% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock ('Series A Preferred Stock') of the Company, the Board of Directors has declared a quarterly cash…
July 19, 2023
Renewable Energy Procurement Firm Using AI To Serve End-use Customers Closes $5.75M Seed Round
Verse announced it has closed a $5.75 million seed funding round, led by Coatue with participation from Twine Ventures, MCJ Collective, firstminute capital, Collaborative Fund, Future Positive, and Incite.org, and others
July 14, 2023
PE Firm Acquires Retail Energy Broker
ScaleCo Capital Management announced that, TPI Efficiency, a ScaleCo Fund IV Company, acquired the electricity and natural gas broker business of Greenstar Solutions, LLC.
July 11, 2023
Affiliate Of Texas Retail Provider Purchases Second Natural Gas Power Plant In ERCOT
BKV-BPP Power, LLC, a joint venture between BKV Corporation (BKV) and Banpu Power US Corporation, announced today that it has closed on the purchase, through its subsidiary Temple Generation Intermediate Holdings II, LLC, of the entity that owns the Temple II natural gas-fueled power plant, located…
July 6, 2023
Retail Supplier Launches Sale Process, After Court Approval
Planet Energy Ontario (PE Ontario), a Toronto-based retail electricity and natural gas supplier serving residential and commercial customers, today announced, through KSV Restructuring Inc., a court-appointed Interim Receiver, the commencement of a sale process for its business and assets.
July 5, 2023
Duke Energy Announces Buyer, Sale Price For Commercial Distributed Generation Business
Duke Energy today announced that it has reached an agreement to sell its commercial distributed generation business to an affiliate of ArcLight Capital Partners, LLC (collectively, "ArcLight") for an enterprise value of $364 million, inclusive of non-controlling tax equity interests.
June 30, 2023
Retail Supplier Running Sale Process
A PJM-focused retail energy supplier is currently running a sale process.
June 20, 2023
Retail Supplier Announces Completion of Preferred Stock Redemption
Genie Energy Ltd. ("Genie Energy") announced today that it completed the scheduled redemption of all outstanding shares of its Series 2012-A Preferred Stock ("Preferred Stock") on June 16, 2023.
June 20, 2023
Retail Supplier Transferring Customers Among Brands
Vistra is transferring some of its Maryland electric and gas customers from various other Vistra brands into Vistra's Maryland Gas & Electric brand
June 16, 2023
Texas-Focused Broker/Consultant Initiates Sale Process
A Texas-focused energy broker/consultant has initiated a sale process.
June 12, 2023
Duke Energy To Sell Commercial Renewables Business For $2.8 Billion, Buyer Named
Duke Energy today announced it has reached an agreement to sell its unregulated utility scale Commercial Renewables business to Brookfield Renewable ("Brookfield") at an enterprise value of approximately $2.8 billion, including non-controlling tax equity interests and the assumption of debt.
June 8, 2023
Retail Supplier Acquires Field Services Company
Interstate Gas Supply, Inc. recently acquired Eastern Energy Field Services Inc. from BHE GT&S, which is a subsidiary of Berkshire Hathaway Energy (BHE)
June 7, 2023
Parent Of Power Marketer To Acquire Retail Energy Supplier
Robison Energy, LLC ("RE" or the "Applicant") has entered into a transaction under which RetailHoldCo, LLC ("HoldCo" or "Buyer") will acquire all of the ownership interests in Robison Energy, LLC (the "Transaction").
June 1, 2023
NRG Announces $1.75 Billion Asset Sale, To Parent Of Retail Supplier
NRG Energy, Inc. today announced that it has entered into a definitive agreement to sell its 44% equity interest in South Texas Project Electric Generating Station (STP) to Constellation Energy for a purchase price of $1.75 billion, subject to customary purchase price adjustments.
May 18, 2023
Retail Supplier Announces Working Capital Lending Facility
Rhythm Energy, Inc. announced that it has secured a working capital facility from ENGIE Energy Marketing NA, Inc. (ENGIE), an affiliate of ENGIE North America Inc.
May 16, 2023
Retail Supplier Parent Announces Full Redemption of Its Preferred Stock
Genie Energy Ltd. announced that its Board of Directors has approved the redemption of all outstanding shares of its Series 2012-A Preferred Stock ("Preferred Stock").
May 15, 2023
Updated with Statement from NRG: Elliott Investment Management Seeks Strategic Review Of NRG Energy Home Services Businesses, Including Vivint
Elliott Alleges, "NRG’s Retail Cost Structure Has Also Escalated Since 2018 And Has Become Uncompetitive Against Peers"
May 9, 2023
PE Firm To Acquire 855 MW Portfolio In ERCOT
Hull Street Energy ("Hull Street") and Atlas Holdings ("Atlas") announced the signing of a definitive agreement for Hull Street to acquire 100% of the Bastrop Energy Center and Paris Energy Center power plants from Mesquite Generation Holdings LLC, an affiliate of Atlas.