July 6, 2017
Vistra Energy, the parent company for TXU Energy and Luminant, announced today it has entered into a definitive agreement to acquire a 1,054 MW combined cycle, combustion turbine power plant located in Odessa, Texas from a subsidiary of Koch Ag & Energy Solutions, LLC.
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June 29, 2017
Note: The story below was first posted at 4:40 p.m. on June 29
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June 23, 2017
Public Service Company of New Hampshire has disclosed in a New Hampshire PUC filing a sale price for its previously reported agreement to sell its 3.1433% undivided ownership interest as a tenant in common in W.F. Wyman Station – Unit 4 to a unit of NextEra Energy, which currently owns 84% of Wyman…
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June 23, 2017
EnerNOC, Inc. has entered into an agreement to be acquired by the Enel Group, a multinational power utility and integrated electricity and gas operator with operations in over 30 countries across five continents with a managed capacity of approximately 85 GW and more than 65 million business and…
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June 22, 2017
Public Service Company of New Hampshire has sought FERC approval for a transaction under which it would sell its 3.1433% undivided ownership interest as a tenant in common in W.F. Wyman Station – Unit 4 to a unit of NextEra Energy, which currently owns 84% of Wyman Unit 4.
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June 19, 2017
EQT Corporation and Rice Energy Inc. announced that they have entered into a definitive merger agreement under which EQT will acquire all of the outstanding shares of Rice common stock for total consideration of approximately $6.7 billion – consisting of 0.37 shares of EQT common stock and $5.30 in…
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June 15, 2017
TransCanada announced that, "After assessing its options, the company intends to wind down its TransCanada Power Marketing Ltd (TCPM) operations and realize the value of the remaining marketing contracts and working capital over time."
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June 13, 2017
Funding To Help Growth in Texas Sunnova Wants To Be Customers' "Primary Power Provider"
Sunnova Energy Corporation announced today it has raised aggregate capital of nearly $1 billion in the past three months after closing a $140 million round of debt funding with CIT Group and other investors this past week.
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June 12, 2017
Cargill has reached an agreement to sell its North America Power and Gas business to Macquarie Group
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June 12, 2017
Premier Holding Corporation (PRHL) announced in a news release today, "the signing of a non-binding LOI with Ridgefield Partners, LLC, to participate in a newly created energy roll-up."
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May 31, 2017
Departing ESCO "Hope[s]" Market Exit Will Mean It Won't Be Subject To Staff Mass Market Review Subpoena
Frontier Utilities Northeast, LLC is exiting the New York market and is transitioning some of its New York customers to Spark Energy, LLC
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May 30, 2017
MVC Says Crius Acquisition of USG&E Determined To Be Superior To Equus Transaction Crius Energy Trust Announces Acquisition of U.S. Gas & Electric, Inc. and C$110 Million Bought Deal Offering of Subscription Receipts
Update, 5/31: MVC Capital, Inc., the parent of U.S. Gas & Electric, Inc., said that the Crius Acquisition (first reported yesterday, see below) was determined to be superior to the Equus transaction announced last month.
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May 26, 2017
CEO Sees More Broker M&A As Margins Compress
Nania Energy Advisors announced that it has acquired the energy supply brokering business of Goby
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May 25, 2017
Spark Energy, Inc. announced that its Board of Directors has authorized a share buyback program of up to $50 million of Spark Class A common stock.
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May 23, 2017
Various financial metrics for U.S. Gas & Electric have been reported in an investor presentation regarding the previously reported transaction (see details here) under which Equus Total Return, Inc. has entered into a definitive agreement to acquire MVC Capital, Inc.'s largest portfolio holding, U.S…
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May 23, 2017
Spark Energy, Inc. announced today that its Board of Directors declared a two-for-one stock split of its issued Class A and Class B Common Stock, to be effected in the form of a stock dividend.
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May 22, 2017
Spark Energy, Inc. announced today the closing of a new $120 million senior secured borrowing base credit facility (the "Facility" or the "Agreement") to replace the existing senior secured credit facility.
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May 19, 2017
Just Energy said during an earnings call yesterday that it is exploring inorganic growth through acquisitions of several types of companies, including retail suppliers active in North America, but the company said that most of the books currently out there are not of interest to it.
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May 19, 2017
Absent M&A, Retail Growth Will Come From New Brands, Segmentation Vistra "Actively" Looking To Acquire ERCOT CCGTs
Any meaningful customer growth for the TXU Energy brand will likely need to come from acquisitions, but now is not the right time to purchase retail books, Vistra Energy CEO Curt Morgan said during an earnings call yesterday
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May 11, 2017
The additional third party from which Spark Energy recently acquired customers, in connection with its acquisition of Perigee Energy, has been revealed.
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May 9, 2017
Company Approaches 1 Million RCEs With Latest Acquisition
Spark Energy, which as previously reported announced yesterday that it had signed a purchase agreement to acquire Verde Energy, said that it is not seeing a lot of competition on some of its M&A transactions.
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May 8, 2017
Spark Energy, Inc. announced that it has signed a purchase agreement to acquire Verde Energy, which Spark said is expected to add approximately 145,000 RCEs and $25 million in annual Adjusted EBITDA
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May 4, 2017
Exelon told investors yesterday during an earnings call that it will sell the portfolio of its ExGen Texas Power LLC subsidiary, which includes nearly 3,500 MW of gas-fired generation in ERCOT
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May 4, 2017
During an earnings call yesterday, Exelon reported that Constellation continues to see steady retail margins for newly originated C&I electricity customers.
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May 4, 2017
Positions Company To Respond To Evolving Customer Wants
Centrica announced that Io-Tahoe LLC, a wholly owned subsidiary of Centrica plc, has acquired the assets of Rokitt Inc. and Rokitt's proprietary Rokitt Astra technology
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