August 3, 2021
Update: Integrated Retail Energy, DER Provider Acquires Retail Supplier
Catalyst Power REPCo LLC has taken ownership of AP Gas & Electric (NY), LLC as of August 1st, 2021
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Mergers, Acquisitions & Finance
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July 27, 2021
Shell To Acquire Retail Energy Supplier Serving Over 200,000 Residential Customers
Shell New Energies US LLC (Shell), a subsidiary of Royal Dutch Shell plc, has signed an agreement to buy 100% of the equity interests of Inspire Energy Capital LLC (Inspire), a renewable energy residential retail energy supplier with joint headquarters in Santa Monica, CA and Philadelphia, PA.
July 23, 2021
Broker Acquires Energy Procurement Consultant
SJI (South Jersey Industries, Inc.) subsidiary EnerConnex has acquired retail energy consultant Electrasource.
July 21, 2021
Renewable Energy Company Provides Additional US$20 Million Royalty Financing To Retail Supplier Affiliate
Altius Renewable Royalties Corp. ('ARR' or the 'Company') announced that its jointly controlled subsidiary, Great Bay Renewables, LLC ('Great Bay') has closed a follow-on royalty investment of US$20 million with Apex Clean Energy ('Apex') related to Apex’s broad portfolio of wind, solar and energy…
July 16, 2021
Retail Supplier Acquiring Book Of Customers As Competitor Must Exit Utility Market Due To Non-Renewal Of Competitor's Supplier Agreement With Utility
Archer Energy is acquiring the retail natural gas customers currently served by Realgy at NIPSCO in Indiana, with the transition effective in August
July 16, 2021
Kinder Morgan To Acquire Retail Energy Supplier
Kinder Morgan, Inc. (KMI) today announced that it has agreed to acquire Indianapolis-based Kinetrex Energy from an affiliate of Parallel49 Equity.
July 13, 2021
Clean Energy Provider To Merge With Vehicle Sponsored By Real Estate Services Group CBRE, Go Public In $1.58 Billion Deal
Will Allow Clean Energy Company To Supply CBRE's Vast Network Of Managed Properties, Tenants
Altus Power, Inc. ("Altus Power" or "the Company"), which describes itself as a clean electrification company and which provides renewable energy solutions to customers, and CBRE Acquisition Holdings, Inc. ("CBAH") today announced a definitive agreement for a business combination that would result…
July 13, 2021
Former Retail Energy CEO Named Executive Chairman Of Retail Supplier Recently Acquired By Private Equity Firm
Gainline Capital Partners ("Gainline") has formally announced that it has made an investment in Atlantic Energy ("Atlantic" or the "Company").
July 8, 2021
Retail Supplier Makes Strategic Investment In Data Center Colocation Provider; Also Named As Preferred Green Energy Supplier
Cyxtera, a provider of data center colocation and interconnection services, announced it has selected NextEra Energy Resources, LLC, as its preferred supplier of green energy.
July 7, 2021
Bankrupt Texas Retail Provider Owes $27 Million To Wholesale/Credit Provider
During a hearing on first day motions in the bankruptcy proceeding of Pogo Energy, LLC, parties disclosed that Pogo owes $27 million to Luminant, Pogo's wholesale supplier and credit provider
July 7, 2021
Majority Interest In New York ESCO Being Acquired By Another Retail Supplier
Pay Less Energy, LLC, (PLE) informed the New York PSC that it has entered into a transaction transferring a majority interest in PLE from its current owners to City Power & Gas, LLC.
July 2, 2021
Texas Retail Provider Files For Bankruptcy, Cites Impact From Disconnection Moratorium
Texas retail electric provider Pogo Energy, LLC has filed a Chapter 11 petition for bankruptcy
July 2, 2021
Retail Supplier To Contribute 100% Of Its Equity Interests To Joint Venture With Another Supplier
By the end of 2021, Dominion Energy, Inc. will contribute 100% of its equity interests in retail supplier Dominion Energy Solutions, Inc. to Wrangler Retail Gas Holdings, Inc. (Wrangler), the previously reported joint venture owned 80% by Interstate Gas Supply, Inc. and 20% by Dominion Energy, Inc.
July 1, 2021
Affiliate Of Retail Supplier Discloses New Competitive Affiliate
Lone Star Transmission, LLC, a unit of NextEra Energy, informed the Texas PUC that the following is now a competitive affiliate of Lone Star: Sighten, Inc.
July 1, 2021
Williams Completes Acquisition Wholesale Natural Gas Marketer
Williams announced it has completed its acquisition of Sequent Energy Management, L.P. and Sequent Energy Canada, Corp. from Southern Company Gas.
July 1, 2021
ENGIE Announces New Organizational Structure, Siloes Multi-Technical Services Business, Sale Considered
ENGIE announced a new organizational structure that includes four Global Business Units (GBUs): Renewables, Energy Solutions, Networks, Thermal & Supply.
June 29, 2021
Private Equity Firm Closes On Acquisition Of Retail Energy Supplier
Effective June 16, 2021, Gainline Equity Fund LP ('Gainline') has indirectly acquired a majority of the limited liability company interests in Atlantic Energy Group LLC ('Atlantic Energy Group'), which is the direct parent company of retail energy supplier Atlantic Energy MD, LLC
June 28, 2021
Shell Energy Subsidiary Acquires Another Retail Customer Book From Texas Retail Electric Provider
MP2 Energy, which is a unit of Shell Energy North America, recently acquired a Texas retail electric customer book from ATG Clean Energy Holdings, Inc. (ATG), which also operated under the trade names Green Energy Exchange, ATG Clean Energy, Green Direct and Texas Power Outlet.
June 28, 2021
Just Energy Reports Lower Quarterly Results Excluding Impact From Winter Weather Event
Just Energy reported results for the fourth fiscal quarter ending March 31, 2021 as well as the fiscal year ending March 31, 2021
June 18, 2021
Texas Retail Electric Provider Undergoes Change In Ownership, Also Adds Market Vet As VP
Energy Texas, the start-up retail energy supplier which is entering the Texas market, has acquired Texas retail electric provider Declaration Energy LLC
June 4, 2021
NRG Energy Acquires Book Of Texas Electric Customers
NRG Energy has acquired all of the Texas electric customers of Iberdrola Solutions LLC d/b/a Iberdrola Texas
June 2, 2021
Lead Investor In Calpine Acquires Commercial & Community Solar Developer
ECP, the lead investor in a consortium of investors that owns Calpine, announced that it has acquired Pivot Energy ("Pivot" or the "Company"), a national commercial and community solar developer.
June 1, 2021
Integrated Retail Energy, DER Provider Enters LOI To Acquire Another Retail Supplier
Catalyst Power REPCo LLC ('Catalyst Power REPCo' or 'Buyer') has signed a letter of intent for a transaction under which it will acquire 100% of the limited liability company interests in AP Gas & Electric (NY), LLC ('AP-NY' or 'Applicant')
May 28, 2021
Update: Identity Of Book Being Acquired By Spark Energy Brand Revealed
Regulator's Staff Says That Variable Rate Contracts Cannot Be Assigned Under Statute
Starion Energy, Inc. and Major Energy Electric Services, LLC, a brand of Spark Energy, have filed a notice with the Connecticut PURA for the assignment of more than 18,000 Starion Energy electricity customers to Major Energy (as the customer count was stated in a PURA Staff filing)
May 27, 2021
Community Choice Aggregation Declares Bankruptcy, Citing Imminent Insolvency
Western Community Energy (WCE or the Authority), a community choice aggregation in California, has filed a Chapter 9 bankruptcy petition in federal court, stating that, without restructuring, WCE will be insolvent no later than May 30, 2021, and will not be able to pay its obligations