May 26, 2021
Earlier: Just Energy Group Provides Update On Creditors Arrangement Act Process
Pacific Investment Management Company LLC (PIMCO), which through various vehicles owns nearly 30% of Common Shares of Just Energy Group Inc., has filed an amended Schedule 13D with the U.S. SEC which reveals that PIMCO has engaged advisors to assist in a review and evaluation of strategic…
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May 26, 2021
Earlier: Just Energy Group Provides Update On Creditors Arrangement Act Process
Pacific Investment Management Company LLC (PIMCO), which through various vehicles owns nearly 30% of Common Shares of Just Energy Group Inc., has filed an amended Schedule 13D with the U.S. SEC which reveals that PIMCO has engaged advisors to assist in a review and evaluation of strategic…
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May 25, 2021
Spark Energy, Inc. ("Spark" or the "Company") announced today that it has executed four separate agreements to acquire a total of approximately 56,900 residential customer equivalents ("RCEs") for a total purchase price of $11.5 million, consisting of approximately 15,700 RCEs in Connecticut's…
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May 24, 2021
A bankruptcy court has given approval for the sale process and competitive bidding procedures proposed by Liberty Power Holdings, LLC (the Debtor), for sale of substantially all of the Debtor’s assets
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May 20, 2021
Approving relief sought by the Trustee of Brilliant Energy LLC (the "Debtor"), a federal bankruptcy court ordered the mass transition of Brilliant Energy's remaining customers -- which are commercial customers -- to the provider(s) of last resort (POLR)
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May 19, 2021
Liberty Power Holdings, LLC (the Debtor) has sought approval from a bankruptcy court to initiate, under competitive bidding procedures filed with the court, the sale of substantially all of the Debtor’s assets
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May 18, 2021
The Trustee for Texas retail electric provider Brilliant Energy (Debtor) has sought bankruptcy court approval to drop its commercial customers (which represent its remaining customer book) to the provider(s) of last resort (POLR)
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May 18, 2021
Texas retail electric provider JP Energy Resources LLC recently acquired a book of customers from GridPlus Energy.
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May 14, 2021
The trustee for Brilliant Energy (Debtor) said in a May 14 court filing that the trustee is still attempting to sell the Debtor’s commercial contracts, and the trustee expects to succeed or fail in that effort by May 28, 2021.
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May 13, 2021
Repsol, which operates a competitive retail energy supplier in Spain among its various businesses, has signed an agreement to acquire 40% of Hecate Energy, a U.S.-based PV solar and battery storage project developer.
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May 12, 2021
Spark Working On Projects In Renewable Space, ESG Strategies
During a recent earnings call covering first quarter results (see prior story for results) , Spark Energy CEO Keith Maxwell said that the February winter weather event has opened up a number of potential acquisition opportunities, and has reduced the current competitive environment
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May 12, 2021
Genie Energy Ltd. has entered into and closed on an Equity Purchase Agreement with Hanhwa Q Cells Japan Co., Ltd. (“Hanhwa”) providing for the sale of the equity interests in Genie Japan to Hanhwa.
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May 10, 2021
--- Octopus Notes Goal To Invest $100M In U.S. Energy Market, Targets 25 Million Accounts
Octopus Energy US formally announced that it has signed an agreement to acquire the residential customer book of Texas retail electric provider Brilliant Energy LLC, which had been exclusively first reported by EnergyChoiceMatters.com on May 5
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May 7, 2021
NRG has filed a 10-Q for the period ending March 31, 2021 which provides various metrics on its retail business, including customer count
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May 6, 2021
The Texas PUC today approved a unanimous stipulation that authorizes, subject to various conditions, the merger of the parent of Texas-New Mexico Power and Avangrid
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May 6, 2021
Earlier: Spark Energy Reports Negative Impact From Winter Storm Uri, First Quarter Results
In a 10-Q, Spark reported that its residential customer equivalents ("RCEs") as of March 31, 2021 was 367,000
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May 6, 2021
Earlier: Spark Energy Reports Negative Impact From Winter Storm Uri, First Quarter Results
In a 10-Q, Spark reported that its residential customer equivalents ("RCEs") as of March 31, 2021 was 367,000
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May 6, 2021
NRG Names New EVP & CFO
In reporting quarterly earnings, NRG Energy ("NRG" or "the Company") said that, during the quarter ended March 31, 2021, Winter Storm Uri's financial impact was a loss of $967 million.
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May 5, 2021
Liberty Power Holdings, LLC (the 'Debtor' or 'Liberty') sought bankruptcy court approval to obtain DIP Financing from Boston Energy Trading and Marketing, LLC (BETM) or its designee or assignee (DIP Lender) in an amount equal to $4,000,000 on an interim basis, and thereafter in an amount up to…
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May 5, 2021
Texas retail electric provider JP Energy Resources LLC recently acquired a book of customers from Iluminar Energy LLC
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May 5, 2021
A bankruptcy court approved the sale of Brilliant Energy LLC's residential customer book and related assets to Evolve Retail Energy LLC d/b/a Octopus Energy US, as described in our prior story below
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May 5, 2021
A bankruptcy court approved the sale of Brilliant Energy LLC's residential customer book and related assets to Evolve Retail Energy LLC d/b/a Octopus Energy US, as described in our prior story below
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April 30, 2021
Vistra Is Watching Market, Don't Be Surprised By Retail Acquisitions In Next Year Or Two
During a call earlier this week updating investors on the impact to Vistra from the ERCOT winter weather event (see story here) , Vistra's chief executive officer Curt Morgan said that the company is "absolutely" interested in opportunistic retail growth
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April 23, 2021
A bankruptcy court has granted a motion, in its entirety, directing Liberty Power Corp. ('ParentCo' or 'LPC') to turn over all books, records, systems and processes of and related to the operation of Liberty Power Holdings (the 'Debtor' or 'Holdings'), which has filed for Ch. 11 bankruptcy…
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April 22, 2021
Warns Of Customer Switches, Destruction Of Value To Sale Process If Commissions Not Paid
The bankruptcy Trustee of Brilliant Energy LLC (the "Debtor") sought a court order authorizing the Trustee to pay commissions owed to brokers under contracts which existed prior to Brilliant's bankruptcy petition
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