September 3, 2014
Broker, Solar Provider Changes Name to Nextility, Announces $7 Million Funding Round
Broker and solar developer and financier Skyline Innovations announced the company has changed its name to Nextility, Inc.
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Mergers, Acquisitions & Finance
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September 2, 2014
Brightergy Acquires Broker/Energy Procurement Consultant
Brightergy announced that it acquired the supply-side (energy procurement) division of Acumen Energy Solutions, an energy management firm based in Overland Park, KS.
September 2, 2014
IGS Energy Acquires Retail Supplier
IGS Energy announced that it has entered into an agreement to acquire Border Energy, a retail supplier of natural gas and electricity headquartered in Powell, Ohio. The transaction for the gas business became effective on August 31, 2014 and the power business will be effective as of September 30…
August 27, 2014
Premier Holding Corp. Makes Move to Become LSE By Buying 85% Stake in Retail Supplier
Premier Holding Corp. is making its anticipated move to become a load serving entity in the retail market by buying an 85% stake in a retail supplier.
August 22, 2014
Dynegy Acquires Another Retail Supplier, Two Sets of Merchant Power Plants
Dynegy Inc. announced that it will acquire the Duke Energy Retail business as well as certain Midwest generation assets from Duke Energy totaling 6,100 MW.
August 15, 2014
Acquisitions Offset Organic Customer Losses At Crius Energy
Crius Energy, in releasing earnings yesterday, reported that as of June 30, 2014 it was serving 600,000 electricity and natural gas customers (on an RCE basis).
August 14, 2014
NRG Energy to Acquire Provider of Solar Powered Personal/Consumer Products
NRG Energy, Inc. and Goal Zero, described as a leader in providing personal solar products, have reached an agreement that will bring the "rapidly growing consumer products company" into the NRG family of companies.
August 5, 2014
Glacial Energy Book to Be Acquired By Another Retail Supplier Via Second Sale
Glacial Energy's retail energy book will ultimately be acquired by another retail supplier after the winning bidder in a bankruptcy auction has itself sold the books, according to a regulatory filing with PUCO.
August 1, 2014
Constellation Sees Expanding Retail Margins
Constellation saw expanding retail power margins during the second quarter of 2014, Exelon reported in announcing earnings yesterday.
July 31, 2014
Retail Supplier Open to "Opportunistic" Acquisitions, But Focused on Organic Growth
AGL Resources said during an earnings call this week that it remains open to "opportunistic" acquisitions to augment its competitive retail energy business, but that it is currently focused on organic growth after acquiring several books recently.
July 30, 2014
Buyer Announced for Integrys Energy Services Book
Exelon Corporation and Integrys Energy Group, Inc. announced that they have entered into a definitive agreement for Exelon to purchase Integrys Energy Services Inc., a competitive retail electricity and natural gas subsidiary serving approximately 1.2 million commercial, industrial, public sector…
July 29, 2014
Direct Energy Buys Residential Solar Installer
Centrica announced that its North American subsidiary, Direct Energy, has acquired the US residential solar business, Astrum Solar, for $54 million.
July 29, 2014
Texas REP Signs Definitive Funding Agreement To Expand Nationally, Support Organic Growth
Andeler Corporation, d/b/a Andeler Power, announced that it has entered into an agreement with Pepperwood Capital Partners, LLC, a Dallas based investment banking advisory firm, and plans to initiate a capital raise to fund its organic growth strategy which includes expansion into other deregulated…
July 25, 2014
Direct Energy Sells Ontario Home Services Business
Direct Energy announced an agreement with EnerCare for the sale of the Direct Energy-branded home and small commercial services business in Ontario to EnerCare for $550 million (Canadian $).
July 22, 2014
At FERC, OPC Raises RTO Stakeholder Voting Concerns Arising From Exelon-Pepco Merger
In comments to FERC, the Office of the People's Counsel for the District of Columbia has raised concerns, "about the influence that a company of the size of the proposed post-merger," Exelon-Pepco Holdings company, "would be able to exert on the PJM Interconnection, LLC ('PJM') stakeholder process."
July 22, 2014
Parent of Gas Marketer Rejected Three Takeover Bids
Gas Natural Inc., the parent of natural gas marketer Energy West Resources and several regulated distribution companies, said that it has rejected "unsolicited and inadequate" offers made by Algonquin Power & Utilities on January 14, March 5 and May 7, 2014 to acquire the company
July 14, 2014
National Retail Supplier Launches IPO, Seeking to Raise $60 Million
Spark Energy has filed with the SEC additional information regarding its initial public offering, and now has disclosed the amount it is attempting to raise.
July 11, 2014
Texas REP Acquires Customers of Two Competitors
Texas retail electric provider American Light & Power has acquired some or all of the customers of 10K Energy (d/b/a Mission Power) and likely also some or all of the customers of True Electric.
July 2, 2014
Proton Energy Identifies Buyer
Proton Energy filed for an amendment to its Texas retail electric provider certificate to reflect a change in control, as required by a recent settlement agreement.
June 25, 2014
Constellation Unit Said to Be Investor in Company Developing Service to 'Queue' Electric Loads to Reduce Demand Charges
eCurv, Inc., which describes itself as a privately held technology firm rolling out a patented means to reduce electricity charges for commercial customers, said that it has closed a $2.5 million Series A round of funding led by Constellation Technology Ventures, the venture capital arm of Exelon…
June 24, 2014
Integrys Solar Business Not Part of Sale of Retail Supplier
Integrys' solar generation business, which is currently part of Integrys Energy Services, is not part of the sale process to divest the retail supply business of Integrys Energy Services prior to Integrys Energy Group being acquired by Wisconsin Energy, Integrys executives said yesterday.
June 23, 2014
Breaking: Yet Another Utility Holding Company to Divest Retail Supplier
Integrys Energy Group this morning announced an agreement under which it would be acquired by Wisconsin Energy, with Integrys Energy Services being divested.
June 17, 2014
Crius Energy Acquires Another U.S. Retail Book
Crius Energy has executed, through its affiliates, a purchase agreement to acquire the retail electricity customer portfolio of HOP Energy LLC, a provider of heating oil and petroleum products and related services, for an aggregate purchase price of approximately $1.3 million.
June 16, 2014
Court to Address Selection of Platinum Partners Value Arbitrage Fund As Winning Bidder for Glacial Energy
A bankruptcy court is scheduled to address at a hearing today the results of a sale process for Glacial Energy and certain related companies.
June 11, 2014
TXU Seeks Court Approval to Execute Settlement Providing Tax Refunds to C&I Customers
Energy Future Holdings, as parent of TXU Energy, has sought bankruptcy court approval of a settlement agreement which would resolve prior litigation concerning the collection by TXU of certain taxes from non-residential customers, and which would facilitate the refunding of such amounts to customers…