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Mergers, Acquisitions & Finance

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Mega Energy Announces Commodity And Market Expansion To Enable Acquisition-Based Growth

Initiatives Include Northeast Expansion Through Partnership With Wholesale Energy Supplier

Mega Energy Holdings LLC announced the extension of a credit and supply arrangement with Pacific Summit Energy LLC (PSE), the North American marketing and trading subsidiary of Sumitomo Corporation and its largest U.S. affiliate, Sumitomo Corporation of Americas, "to enable current market growth and…

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Retail Energy Marketer Purchases Natural Gas Supply Assets

Advantage Energy Partners LLC, which is engaged in retail energy procurement among other services and also markets locally produced natural gas, and BOCOR Holdings LLC announced the purchase of 100% of the natural gas and oil production assets of Select Energy and Excalibur Exploration Inc.

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Texas Regulatory Commitment From Avangrid Would Require Utility Texas-New Mexico Power To Maintain Separate Name/Logo, But Would Allow Avangrid Name And Logo To Be, "Added For Branding Purposes"

TNMP Proposes Customer Rate Credit Provided Through Retail Providers Under Merger Application

Texas-New Mexico Power Company (TNMP or the Company) and Avangrid, Inc. have filed at the Public Utility Commission of Texas for approval of the previously reported merger of Avangrid and PNM Resources, the ultimate parent of TNMP (see background on the merger here)

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Parent Of Broker Acquires Meter-Reading Company

"Representing a growth strategy focused on clean energy, Veolia North America, through its energy subsidiary, SourceOne Inc., has acquired Energenix, a Boston-based utility meter reading and billing service that provides services throughout Eastern Massachusetts," Veolia said

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Retail Supplier Acquiring 200,000 Customers

Dominion Energy Solutions, Inc. ("DES") provided to the Public Utilities Commission of Ohio notice of the transfer of its Ohio residential, small commercial, and government aggregation customer contracts to Interstate Gas Supply, Inc. ("IGS").

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NRG Sets Aside Capital For Future Small Retail Book Acquisitions

NRG Provides Update On Financing For Direct Energy Acquisition NRG Expects To Undertake Further Non-Core Asset Sales, Expects To Realize At Least $250 Million Net Proceeds

In reporting third quarter 2020 earnings today, NRG Energy provided an update concerning the financing of its previously reported agreement to acquire Direct Energy, which is pending final regulatory approval from FERC, with the updated financing plan no longer requiring new equity issuance

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Retail Supplier To Be Sold

ArcelorMittal S.A. ('ArcelorMittal'), its indirect, wholly owned subsidiaries ArcelorMittal USA LLC ('ArcelorMittal USA') and ArcelorMittal Cleveland LLC ('ArcelorMittal Cleveland'), along with Cleveland-Cliffs Inc. ('Cliffs') and its indirect, wholly owned subsidiary AK Electric Supply LLC ('AK…

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Mergers, Acquisitions & Finance News (Page 31) | EnergyChoiceMatters.com