September 13, 2016
EMEX Acquires Majority Interest in Texas Broker
EMEX, LLC announced today it has created a new subsidiary, EMEX Consolidated Partners (ECP), which has in turn acquired all of the assets of Texas Energy Aggregation, LLC (TEA).
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Mergers, Acquisitions & Finance
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September 12, 2016
Genie Retail Energy Nears Close on Acquisition of Retail Supplier, Additional Details Disclosed
Town Square Energy expects its sale to Genie Retail Energy, Inc. to close by approximately September 30, 2016.
September 9, 2016
FirstEnergy: 2017 To Be Key For Decision On Approach To Exit Competitive Generation
"Our ultimate goal would be to be out of competitive generation," FirstEnergy EVP & CFO James Pearson said at the Barclays CEO Energy-Power Conference
September 6, 2016
Texas Staff: PUC Should Consider Requiring AEP Texas To Obtain FERC Disclaimer of Jurisdiction As Part of TCC, TNC Merger
The Public Utility Commission of Texas should consider requiring the merged AEP Texas utilities to seek from FERC an order disclaiming jurisdiction over the merged AEP Utilities' wholesale transmission rates for service wholly within ERCOT as a condition of approving the merger of AEP Texas Central…
September 1, 2016
Constellation Completes Acquisition ConEdison Solutions' Retail Supply Business
Constellation announced that it has completed its acquisition of the retail electricity and natural gas business of ConEdison Solutions
August 30, 2016
Centrica (Direct Energy Parent) Makes Acquisition in Connect Home Arena, Complementing North American Business
Centrica plc has acquired FlowGem Limited, an early stage UK-based business developing Internet of Things technology to remotely detect water leaks, for £13 million.
August 29, 2016
Dayton Power and Light Files To Transfer Generation To Competitive Affiliate
Dayton Power and Light has filed at FERC to transfer its generation to affiliate AES Ohio Generation, LLC
August 24, 2016
Spark Energy, Inc. Closes Major Energy Acquisition
Spark Energy, Inc. announced that the company has completed its acquisition of the Major Energy retail suppliers.
August 23, 2016
Parent of City Power & Gas Files To Acquire Retail Supplier
CPG Power Holdings LLC formally applied at FERC to acquire 100% of the membership interests of retail supplier Union Atlantic Electricity
August 22, 2016
Texas PUC Staff: In AEP Texas Merger Case, PUC Must Decide If Merged Company Entitled To Exemption for Generation Ownership (Oklaunion, Mothballed Plants), Or Whether Disposition of Plants Required
As part of its review of the proposed merger of AEP Texas Central and AEP Texas North, the Public Utility Commission of Texas must determine whether the merged AEP Utilities is authorized under the Public Utility Regulatory Act (PURA) to retain AEP Texas North Company's ownership interest in the…
August 19, 2016
Texas City Seeks Customer Bill Credits From AEP Texas Merger, Says "Clear" Intent Is To Later Consolidate TCC, TNC Delivery Rates
The City of McAllen sought bill credits for customers as a result of the proposed merger of AEP Texas Central and AEP Texas North, and also said that the intent of the AEP companies is "clear" that the companies will later seek to implement uniform, system-wide distribution rates
August 16, 2016
Update: Premier Holding Corp. Discloses Purchase Price for Retail Supplier Acquisition
Premier Holding Corporation disclosed in a 10-Q the price it paid to acquire retail supplier American Illuminating Company from WWCD, LLC (see prior story concerning the acquisition)
August 12, 2016
For Approving Merger of AEP Texas Companies, Texas Staff Recommend PUC Adopt Condition Requiring Rebate That Must Be Passed Through Retail Electric Providers To End-Use Customer For Performance Metric
Staff of the Public Utility Commission of Texas have proposed that, as a condition of approving the merger of AEP Texas Central and AEP Texas North, the PUCT impose a performance standard on the merged TDU, with rebates required for failure to meet this performance standard required to be rebated…
August 11, 2016
Exelon Says Further Merchant Plant Sales Possible
Exelon said during an analyst day that it is engaged in an asset rationalization process, which it undertakes annually, to determine where the market values its merchant generation
August 11, 2016
Spark Energy Earnings Higher Due To Increased Unit Margins, Volumes
Spark Energy reported $11.5 million in Adjusted EBITDA for the quarter ending June 30, 2016, up from $5.4 million a year ago.
August 11, 2016
Exelon Expects More Consolidation in Retail Market
"I think we're going to continue to see consolidation in the retail market; we'll have an opportunity to capitalize on that" Joe Nigro, Chief Executive Officer of Constellation, said during an Exelon analyst day.
August 10, 2016
Update: Exelon Details Purchase Price For ConEdison Solutions Retail Supply Biz
In releasing earnings yesterday, Exelon reported terms for Constellation's agreement to acquire the retail energy supply business of ConEdison Solutions
August 9, 2016
Exelon Agrees To Acquire N.Y. Nuclear Power Plant
Exelon has agreed to assume ownership and management of operations of Entergy Corporation’s 838-megawatt James A. FitzPatrick Nuclear Power Plant in Scriba, NY, the companies announced today.
August 8, 2016
Energy Future Holdings Competitive Units (TXU) Enter $4.25 Million in Financing
Energy Future Holdings Corp. announced that Texas Competitive Electric Holdings Company LLC (TCEH) entered into DIP Roll Facilities which provide for up to $4.25 billion in financing.
August 8, 2016
Retail Supplier To Acquire Assets From SunEdison
Crius Energy Trust today announced the proposed acquisition by Crius Solar, LLC, a subsidiary of Crius Energy, LLC, of certain assets from SunEdison Inc., including SunEdison's proprietary residential solar lead-generation platform, customer lead databases, marketing materials and human capital.
August 5, 2016
Consolidated Edison, Inc. Reports Expected Proceeds From Sale of Retail Supply Biz To Constellation
Consolidated Edison, Inc. in a 10-Q reported the expected proceeds from the previously reported sale of its ConEdison Solutions retail energy supply business to Constellation.
August 4, 2016
Dynegy Sells 50% Stake in Illinois Power Plant, Announces Uprates, New Brand
Dynegy in announcing earnings disclosed that it has reached an agreement to sell its 50% stake in an Illinois power plant, and has also debuted a new brand
August 4, 2016
Retail Supplier To Undergo Change in Upstream Ownership
Retail supplier Aspirity Energy, LLC sought FERC approval for a transaction in which an existing minority owner's interest in its parent, Aspirity Holdings LLC, will increase from 44.77% to 71.04%.
August 2, 2016
Retail Supplier Closes Acquisition
Spark Energy, Inc. announced that the company has completed its acquisition previously reported of Provider Power
August 1, 2016
FirstEnergy: Goal Is To Move Out of Competitive Business, Looking At Every Option That's Cash Flow, Credit Positive
"We will look at every option that's available to us that is positive from a cash and credit perspective to move out of [the merchant] business over time, and that's our goal," FirstEnergy Corp. CEO Chuck Jones said during an earnings call on Friday