HomeNews By CategoryMergers, Acquisitions & Finance
Narrow these results by state, topic, company or docket — filters stack, and every story shown carries all of them.
August 14, 2018
New Credit Facility Improves Pricing, Trading Terms and Availability
Crius Energy Trust ("Crius", the "Company" or the "Trust") announced that it has combined its existing credit facilities into a single consolidated credit facility ("Credit Facility") for the Company's wholesale energy supply requirements with a limit of $140 million, and has added a syndicated…
August 13, 2018
Purchase Price For Retail Book Acquisition Disclosed Will Divest Solar Business
Crius Energy reported Adjusted EBITDA of $16.0 million for quarter ending June 30, 2018 (second quarter of 2018), an increase from $14.1 million achieved in the second quarter of 2017, with the increase driven by the contribution from the previously acquired USG&E business.
August 7, 2018
Linde Energy Services, Inc. (LESI), which acts as a retail supplier serving its own load in several states and also, "serves a limited number of non-affiliated customers," sought FERC approval of a sale under which it would ultimately fall under the ownership of a new unaffiliated third-party…
August 7, 2018
Genie Retail Energy (GRE) reported income from operations of $3.3 million in the quarter ending June 30, 2018 (second quarter), compared to a loss from operations of $9.4 million a year ago. Adjusted EBITDA increased to $3.8 million in 2Q18 compared to negative Adjusted EBITDA of $8.9 million a year…
August 6, 2018
During an earnings call on Friday, Nathan Kroeker, Spark Energy's President and Chief Executive Officer, provided an update on the company's previously announced strategic review, stating, "Following our strategic review, our executive team and Board of Directors believe the best way to deliver long…
August 3, 2018
During an Exelon earnings call yesterday, James McHugh, CEO of Constellation, discussed the company's approach to potential retail acquisitions in ERCOT given summer volatility
August 2, 2018
Discussing second quarter earnings this morning, Mauricio Gutierrez, NRG Energy's President and Chief Executive Officer, said that NRG's Retail business had a "phenomenal" quarter, and said that the business is "always" looking to acquire retail books.
August 1, 2018
EnergyWatch, LLC ("EW"), a firm which offers energy supply procurement consulting services in addition to a variety of energy data analytics and management, announced that it has received an investment from a new equity partner.
August 1, 2018
Dalkia, a subsidiary of the EDF Group (which also owns retail supplier EDF Energy Services, LLC), has acquired Aegis Energy Services, a company which designs, installs and operates small-scale gas fired Combined Heat & Power (CHP) systems in the Northeastern and Mid-Atlantic United States.
July 31, 2018
Centrica, the parent of Direct Energy, reported that, in July, it acquired a portion of BP’s US retail marketing operation, which supplies around 100bcf of gas per year to customers in Indiana, Kentucky, Tennessee and Ohio.
July 30, 2018
Note: The following story was first posted at 5:40 p.m. on July 30, with an alert to our email subscribers
July 30, 2018
Two Texas retail electric providers are transitioning customers to a retail provider owned by NRG Energy.
July 10, 2018
Agreement Is Stalking Horse, Opportunity For Other Bidders
Note: This story was first published the evening of July 10 with an alert to our email subscribers
July 10, 2018
IGS Solar and a private equity fund managed by Ares EIF, the power and energy infrastructure strategy within Ares Management, L.P., have closed an approximately $145 million tax equity capital partnership with an undisclosed tax equity investor to finance solar generation assets for homeowners…
July 5, 2018
South Jersey Industries (SJI) has entered into an agreement to sell its portfolio of solar energy projects to an entity managed by Goldman Sachs Asset Management (GSAM) for approximately $350 million in cash.
June 20, 2018
Astral Energy, LLC is acquiring a book of customers from National Choice Energy, LLC (NCE)
June 19, 2018
The New Hampshire PUC approved, in an order nisi, Liberty Utilities' (Granite State Electric) sale of its Electric Water Heater Rental Program.
June 6, 2018
ERCOT in a recent market notice stated that stakeholders and Public Utility Commission of Texas (Commission) Staff have requested that ERCOT create and maintain a list of Competitive Retailer (CR) contact information (Acquisition Transfer Contact List) on ERCOT’s public website that would include…
June 5, 2018
ETS (Energy Technology Savings), an energy technology, behavior management and smart building service provider which also acts as an ESCO in New York and energy supply procurement advisor, today announced a priced offering of $3 million of its Series C-1 Preferred Stock and milestones for its Smart…
June 1, 2018
PPL Corporation announced on May 31 that it had acquired Safari Energy LLC, described as a leading provider of solar energy solutions for commercial customers in the U.S.
June 1, 2018
Teleios Commodities, LLC announced a "material" investment in Powervine Energy, a newly created retail energy company providing energy services to residential customers and small businesses in the Northeastern United States.
May 29, 2018
O2 Investment Partners recently announced that it had made a "significant investment" in broker-consultant EMEX, LLC, "partnering with President Dan Marzuola and his management team to continue growing the business."
May 22, 2018
Note: This story was first published the evening of May 22 with an alert to our email subscribers
May 21, 2018
NextEra Energy, Inc. today announced it has entered into definitive agreements with Southern Company to acquire Florida City Gas, a natural gas utility that offers a choice program for business customers, as well as Gulf Power and Southern's ownership interests in the Oleander and Stanton…
May 15, 2018
In reporting earnings today, Crius Energy Trust announced that, having conducted a strategic review, it will now focus on its retail energy supply business, and explore strategic alternatives for its solar business
