March 10, 2020
Broker Affiliated With TXU Raises Series B Funding, Sets Texas Market Entry
EnergyBot, a trade name of Blitz Ventures, announced that it successfully raised a new round of series B funding.
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Mergers, Acquisitions & Finance
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March 5, 2020
Updated: Spark Energy Sells Japanese Joint Venture; Reports Electricity Unit Margins Returning To Normal Versus Year-Ago
Spark Energy in a 10-K further disclosed details of the sale of its Japanese joint venture
March 4, 2020
New Retail Energy Supplier Announces $1.5 Million In New Funding
"A New Kind of Energy Company," With Prosumer-Focused, Energy-As-A-Service Retail Supplier Model
David Energy, which describes itself as, "a new kind of energy provider," today announced the close of its $1.5 million Pre-Seed round co-led by Box Group and Greycroft.
March 2, 2020
Rob Snyder, In Control Of 9.3% Of Just Energy Common Shares, Proposes Expansion Of Just Energy Board And Slate Of Board Candidates Including David Crane And Himself
Rob Snyder, through the entity "The Robert L. Snyder Trust - 2005 Stream" (hereafter collectively referred to as the "Reporting Persons"), has issued, in a letter to Just Energy Group Inc. (the "Company"), a shareholder proposal to nominate six individuals for election to Just Energy's Board of…
February 28, 2020
Broker-Consultant Owned By Utility Holding Co. Records $25 Million Goodwill Impairment
Edison International recorded a goodwill impairment at broker-consultant and energy services provider Edison Energy Group of $25 million ($18 million after-tax) in the fourth quarter of 2019, the company said in reporting earnings
February 28, 2020
Energy Harbor Receives Investment Grade Rating from Moody's
Energy Harbor Corp., the company formerly known as FirstEnergy Solutions whose restructuring process was completed this week, announced today that the company has received a Baa3 rating with a Stable outlook from Moody's Investor Service.
February 28, 2020
NRG Discloses Aggregate Price, Customer Count For Small Retail Books Acquired In 2019
In a 10-K, NRG Energy disclosed information related to small retail energy customer book acquisitions which occurred in 2019.
February 27, 2020
FirstEnergy Solutions Completes Financial Restructuring, Emerges As Energy Harbor
Energy Harbor Corp., formerly known as FirstEnergy Solutions, announced today that the company has successfully completed its chapter 11 restructuring process and has emerged as an independent power producer and retail supplier no longer affiliated with FirstEnergy Corp.
February 27, 2020
Eversource Enters Agreement To Acquire Gas Utility With Choice Program, Notes Potential For "Reduced Gas Supply Costs"
Eversource Energy announced that it has reached an agreement to purchase the Massachusetts natural gas assets of Columbia Gas for $1.1 billion from NiSource.
February 27, 2020
NRG CEO: "Still Some Opportunities" For Retail Acquisitions
During an earnings call today, NRG CEO Mauricio Gutierrez, in discussing capital allocation, said that, despite consolidation in the retail market, there are "still some opportunities" in potential retail acquisitions that would meet NRG's financial hurdles, as well as being superior to share…
February 24, 2020
Updated: CenterPoint Energy Announces Sale of Retail Supplier CenterPoint Energy Services, Names Buyer, Purchase Price
CenterPoint Energy, Inc. provided further information in an 8-K concerning an interim goodwill impairment valuation of their Energy Services reporting unit
February 20, 2020
Retail Supplier Acquires Book Of Customers
Rhoads Energy is acquiring all of the retail natural gas customers of Mack Oil Company d/b/a The Mack Services Group, a retail natural gas supplier operating in Pennsylvania
February 17, 2020
FERC Approves Spinoff Of FirstEnergy Solutions Contemplated By Bankruptcy Reorganization Plan
FERC has approved certain transactions to execute a spinoff of FirstEnergy Solutions (FES), and related competitive companies, to FES's creditors, as part of FES's bankruptcy reorganization plan
February 12, 2020
Marathon Energy Announces Extension Of Credit And Supply Facility
Retail energy supplier Marathon Energy (Marathon) announced a 4-year credit and supply facility extension of its existing facility with Shell Energy North America, US LP (SENA).
February 10, 2020
Just Energy Provides Date For Anticipated Completion Of Strategic Review
Average Realized Gross Margin Per Consumer RCE Higher
January 22, 2020
Update: Nine Bidders Vie For Retail Energy Supplier Serving 95,000 Customers In PJM, New York
Nine bidders are thus far competing for a retail supplier serving customers in PJM and New York which, as previously reported, initiated a strategic review process
January 22, 2020
NextEra Reports Earnings From Customer Supply Business
NextEra Energy reported that its Customer Supply business recorded full year 2019 Adjusted EBITDA of $308 million, on "favorable market conditions"
January 14, 2020
Broker, Energy Manager Acquires Another Building Automation Service Provider
Building automation and energy services provider Albireo Energy, LLC, whose services include retail energy brokering and procurement, announced the acquisition of Advanced Automated Systems, Inc. ("AAS").
January 8, 2020
Parents Of Retail Suppliers To Exchange Ownership Of Generation Assets
Vistra Energy Corp. and NextEra Energy, Inc. have applied at FERC for a series of transactions that will ultimately result in two generating assets currently co-owned by the companies to each becoming solely owned by one of the respective companies
December 31, 2019
Just Energy Sells Georgia Customer Book & Assets, Announces Buyer, Purchase Price
Closes Sale of Irish Business Announces Annualized Cost Savings Of C$60 million
Just Energy Group Inc. ("Just Energy" or "the Company") announced that it has sold all of its customer contracts and natural gas in storage in the State of Georgia to Infinite Energy for approximately US$3.4 million (approximately C$4.4 million), subject to customary adjustments.
December 23, 2019
Rob Snyder, In Letter To Just Energy Board, Says Lack Of Progress On Just Energy Strategic Review Is "Proving Unhelpful" To Company’s Business, Stockholders
Snyder Says Just Energy Can Be Remedied Through Installation Of, "Industry-Expert And Invested Oversight"
December 20, 2019
LS Power To Acquire Nation's Largest Public Fast Charging Network For Electric Vehicles
LS Power announced that it has signed a definitive agreement to acquire EVgo from Vision Ridge Partners.
December 10, 2019
Broker, Energy Manager Acquires Building Automation Service Provider
Building automation and energy services provider Albireo Energy, LLC, which offers retail energy procurement and brokering among its services, announced the addition of Quality Building Controls, Inc. (QBC) to its portfolio of companies
December 10, 2019
Retail Energy Marketer Raises $30M In Series C Funding Round
Arcadia (a rebranding of Arcadia Power as noted further below) announced the closure of a $30M Series C funding round to, as described by the company, "accelerate the consumer technology company's mission of providing simplified and equitable clean energy access to all Americans."
December 5, 2019
Constellation Acquires Another Customer Book, Brings Supplier Into New Market
Constellation has completed the acquisition of approximately 340 C&I gas customers from nTherm, a retail natural gas and electricity supplier based in Denver.