February 28, 2019
NRG Reports Retail Customer Growth
Announces Up To $600 Million Reserved To Achieve Investment Grade Metrics
HomeNews By CategoryMergers, Acquisitions & Finance
Mergers, Acquisitions & Finance
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February 28, 2019
TXU Parent Vistra Reports Decline In Residential Customers In Texas Versus Q3
In reporting Q4 and full year 2018 earnings this morning, Vistra Energy reported a lower residential customer count in ERCOT versus Q3 2018
February 21, 2019
Centrica To Sell North American Franchisee Home Services Business Clockwork
Centrica today reported preliminary results for the year 2018, and in doing so announced that it is targeting divestments of non-core positions totalling £500m
February 20, 2019
Retail Energy Broker Undergoes Change In Ownership
Fair View Energy, Inc. said in a regulatory filing that it has been acquired in full by Michael P. McCormick
February 20, 2019
Updated With More Details On Impacted Markets: Utility Confirms Drop Of Defaulting Retail Supplier's Customers To Default Service
Great Eastern Energy in a letter to PURA provided further detail on the return of its New England customers to default service and the retirement of its ISO-NE load asset IDs, confirming that all of its customers in the ISO-NE markets (MA, CT) are being returned to default service.
February 20, 2019
Updated: Vistra Provides Further Details On Strategic Rationale For Transaction, Post-Close Market Position
Note: This story has been updated with additional detail, see the update below
February 15, 2019
Retail Supplier Files Bankruptcy Petition
BBPC, LLC d/b/a Great Eastern Energy, along with GEEnergy Holding Co. LLC (Debtors), have filed voluntary petitions for bankruptcy under Chapter 11
February 15, 2019
Parent Of Retail Supplier To Acquire Residential-Focused Storage Provider Sonnen
Envisions Building Customer-Focused Energy System, Offering More Choices, Energy Solutions
Shell has agreed to acquire 100% of sonnen, a provider of smart energy storage systems and innovative energy services for households.
February 11, 2019
Private Equity Firm Announces "Significant Investment" In Retail Energy Broker, Energy Management Consultant
Ara Partners Group, an industrial private equity firm, today announced a "significant investment" in Priority Power Management, LLC ("Priority Power"), an energy management services and consulting firm headquartered in Midland, Texas.
February 7, 2019
Integrated Generation-Retail Company To Acquire Crius Energy
Vistra Energy and Crius Energy Trust announced they have entered into a definitive agreement pursuant to which Vistra will acquire Crius Energy for cash consideration of C$7.57 per trust unit.
February 7, 2019
Just Energy Reports Higher Gross Margin On Improved Pricing Power
Notes Spike In Finance Costs Due To Texas Collateral-Related Costs In Texas RCE Count Down Slightly
Just Energy (the "Company") reported a 10% increase in gross margin for the three months ended December 31, 2018 (third fiscal quarter of FY 2019), versus the year-ago quarter, on improved pricing power in North America
February 5, 2019
Retail Supplier Transferring Customers Between Affiliate Brands
Champion Energy Services, LLC is transferring its Pennsylvania residential customers to affiliate North American Power and Gas
January 28, 2019
Centrica Innovations Invests In U.S. Clean Energy Fund
Centrica Innovations, the £100m venture fund of Centrica plc, announced an investment in Powerhouse Ventures, which is described as, "the first seed specific fund for clean energy companies in the U.S."
January 28, 2019
Retail Supplier Announces Increase in Credit Commitments
Spark Energy, Inc. ("Spark" or the "Company") today announced the increase of its senior secured borrowing base credit facility (the “Facility”) to $217.5 million in commitments.
January 28, 2019
NextEra Energy To Acquire Retail Supplier
NextEra Energy Services, LLC has entered into a transaction under which it will acquire 100% of the direct membership interests in Frontier Utilities Intermediate Holding Company, LLC from Frontier Utilities Holding Company, LLC
January 23, 2019
FirstEnergy Solutions Corp. Announces Restructuring Support Agreement Under Which It Would Retain Retail Supply Business Beyond Chapter 11, As Privately Held Company
Will Terminate Agreement To Sell Retail Business To Constellation
FirstEnergy Solutions Corp. ("FES" or the "Company") today announced that the Company, the official committee of unsecured creditors (the "Committee"), two creditor groups representing a majority in aggregate amount of the Debtors' funded indebtedness and sale-leaseback certificates (the "Ad Hoc…
January 22, 2019
Building Automation, Energy Services Firm Whose Operations Include Brokering Acquires Smart Buildings Solutions Provider
Albireo Energy announced that EMS Technologies ("EMS"), a smart building solutions provider in the Greater Washington D.C. area, is merging into Albireo Energy.
January 14, 2019
PG&E Prepares to Initiate Voluntary Reorganization Cases Under Chapter 11 Of Bankruptcy Code
CEO Departs PG&E Corp., Interim CEO Named
PG&E Corporation (the "Company") said that it is preparing to initiate voluntary reorganization proceedings under Chapter 11.
January 7, 2019
AGE Announces Strategic Acquisition
Southern Illinois based Affordable Gas + Electric, LLC (AGE) announced its acquisition of Eagle Energy, LLC (Eagle Energy) of Cincinnati, Ohio in what AGE said it, "expects to be a series of strategic acquisitions for the company."
January 7, 2019
Retail Supplier Assigning Customer Contracts To Another Supplier
Trident Power is assigning customer contracts in the Baltimore Gas and Electric and Pepco service areas in Maryland to Titan Gas, LLC d/b/a Titan Gas and Power.
January 4, 2019
Aggressive Energy Acquires Majority Interest In Retail Supplier
Retail supplier Aggressive Energy LLC has acquired 70% of the membership interests of New York-based ESCO First Choice Energy LLC
January 4, 2019
Satori Energy Acquires Book of Contracts
David C. Wiers, President of Satori Energy, announced today that Satori Energy has acquired the assets of Illinois based Equis Partners, LLC.
January 4, 2019
Genie Energy Acquires Retail Supplier
Genie Energy, Ltd. today announced the acquisition of a controlling interest in Lumo Energia, which Genie described as, "a rapidly growing provider of electricity generated from renewable sources to residential customers in Finland."
December 21, 2018
Retail Supplier Affiliate Completes Acquisition of CPower
LS Power, an affiliate of retail supplier LifeEnergy, LLC, today announced that it has completed its previously announced acquisition of Enerwise Global Technologies, Inc. (trade name "CPower") for a private fund it manages.
December 17, 2018
Texas REP Unwinding Business, Transferring Customers To Another REP
Alleges "Material Misrepresentations" In Purchase Agreement Plans To Relaunch Operations In 2019
Zenergy Power & Gas, Inc. ("Zenergy"), the parent of Enertrade Electric, LLC, said in an 8-K filed with the SEC that it would pay Infuse Energy, LLC $60,000 for Infuse to acquire the retail customers of Enertrade, a transaction that Zenergy alleged in the 8-K was prompted by, "various problems and…