April 11, 2014
National Retail Supplier Declares Bankruptcy
Glacial Energy Holdings, and various retail supplier and other subsidiaries, have filed a Chapter 11 petition for bankruptcy.
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Mergers, Acquisitions & Finance
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April 10, 2014
Retail Supplier Parent to Acquire HVAC, Water Heater Services Provider; Evaluating Purchase of Retail Books
ONEnergy Inc., the parent of Sunwave Gas & Power, has agreed to acquire The Home Comfort Group Inc., a provider of heating, ventilation and air conditioning products and solutions to homeowners in Ontario, Alberta and Manitoba, for total consideration of $3.4 million (all $ Canadian).
April 8, 2014
Crius Energy Acquires Retail Book
Crius Energy LLC has executed, through its affiliates, a binding agreement to acquire the U.S. retail energy customer portfolio of Superior Plus Energy Services, a division of Superior Plus Corp.
April 7, 2014
Lumens Energy to Acquire Retail Supplier
Lumens Energy Supply CT LLC is to acquire Aequitas Energy, Inc. under a proposed transaction
April 3, 2014
Briefly:
NRG Clarifies Disposition of Dominion Retail Electric Customers
April 3, 2014
Direct Energy CFO Andrew Sunderman on M&A, Consolidation
"We are, at our core, a retail consolidator," Andrew Sunderman, Chief Financial Officer of Direct Energy, said this week during a keynote at the Gulf Coast Power Association spring conference
April 2, 2014
NRG Announces Purchase Price for Dominion Retail Electric Book in Announcing Closing
NRG Energy has completed its previously announced acquisition of the competitive retail electricity business of Dominion Resources, Inc. for $165 million, excluding transaction adjustments for cash and working capital, NRG said yesterday
April 1, 2014
TXU Parent Provides Update on "Constructive" Restructuring Discussions with Financial Stakeholders
Energy Future Holdings, the parent of TXU Energy, yesterday provided an update on its "constructive" discussions with certain of its financial stakeholders about various restructuring alternatives, "to strengthen the company's balance sheet and create a sustainable capital structure to position it…
March 27, 2014
NRG Acquires Roof Diagnostics Solar (RDS)
NRG Energy, Inc. said that it has acquired, "one of the nation's leading residential solar companies," Roof Diagnostics Solar (RDS), "to support and expand the company's efforts to empower its customers to control their own energy destiny through clean self-generation."
March 27, 2014
Retail Supplier Expects More Market Exits, Says Seller Expectations Have Dropped
"We expect industry-wide increased customer attrition, new regulations, higher collateral costs, and financial performance to drive many retail suppliers to look for market exits through equity sales and customer book divestments," Crius Energy CEO Michael Fallquist said during an earnings call…
March 27, 2014
Integrys Acquires Northeast Retail Electric, Gas Book
Integrys Energy Services has purchased the non-Texas electric and natural gas accounts of ENCOA, the retail brand of Twin Eagle Resource Management.
March 27, 2014
Spree: NRG Energy Acquires Another Retail Book in Texas
NRG Energy, through its Everything Energy brand, has acquired another book of Texas retail electric customers.
March 21, 2014
Start-up Volterra Energy Acquires Texas Retail Electric Provider
Volterra Energy, LLC has acquired all outstanding membership interests in Nooruddin Investments, LLC, which served Texas customers under the Discount Power brand (not affiliated with the Northeast-based Discount Power)
March 20, 2014
J.P. Morgan Announces Buyer for Physical Commodities Business
JPMorgan Chase & Co. announced that it has reached a definitive agreement to sell its physical commodities business to Mercuria Energy Group Limited, a global energy and commodities trading company, for $3.5 billion.
March 19, 2014
Twin Eagle Announces $200 Million Investment from Five Point, GSO, and Management
Five Point Capital Partners LLC and affiliates of GSO Capital Partners LP officially announced the acquisition of a 50% interest in Twin Eagle Resource Management, LLC from Chesapeake Energy Corporation and LS Power Group.
March 19, 2014
Exelon To Acquire Natural Gas Marketer
Exelon announced it has reached an agreement to purchase ETC ProLiance Energy, an Indianapolis-based supplier of natural gas to commercial and industrial customers, plus power generators and utilities, at over 2,500 customer facilities.
March 19, 2014
U.S. Gas & Electric Acquires Retail Supplier
U.S. Gas & Electric has acquired American Power Partners, LLC.
March 19, 2014
Voltage Will Not Proceed With Acquisition of Glacial Energy Retail Suppliers
Voltage Energy Holdings Inc., a private equity-backed company, will not proceed with a transaction under which it would have acquired the various Glacial Energy retail supplier entities from Glacial Energy Holdings.
March 12, 2014
Court Approves Sale of Edison Mission Energy Assets to NRG Energy
NRG Energy, Inc. announced that the U.S. Bankruptcy Court has approved Edison Mission Energy's Plan of Reorganization and the related sale of substantially all of EME's assets, including the equity interests in EME's subsidiaries, to NRG Energy, Inc.
March 12, 2014
NRG Energy to Acquire Dominion Retail Electric Book
NRG Energy, Inc. has entered into agreements with Dominion Resources, Inc. to acquire Dominion's retail electric business.
March 5, 2014
NRG Retail Provider Acquires Customers of Texas REP
One of NRG Energy's retail electric providers has acquired the customers of a Texas REP.
March 3, 2014
Buyer for Utility With Gas Choice Program Confirmed
UIL Holdings Corporation, the parent of United Illuminating, this morning officially announced that it has reached a definitive agreement to acquire assets and certain liabilities of Philadelphia Gas Works from the City of Philadelphia for $1.86 billion in cash
March 3, 2014
FERC Approves Transaction Under Which Blackstone, Private Equity to Acquire Majority Stake in Parent of National Retail Supplier
FERC has granted approval for a transaction under which a subsidiary of The Blackstone Group L.P. and a private equity firm will acquire more than 50% of Twin Eagle Resource Management, LLC.
March 3, 2014
Retail Supplier Officially Announces Investment to Support Expansion
Star Energy Partners LLC officially announced that it has received an investment that will allow the expansion of its operational footprint to residents and businesses in the AEP Ohio and FirstEnergy Ohio service territories.
February 28, 2014
Retail Supplier Announces Supply Arrangement With Shell Energy, Sets Timeline for New England Entry
Champion Energy Marketing LLC, the parent of Champion Energy Services, LLC, announced that it has entered into a five year agreement with Shell Energy North America (US) L.P. (Shell Energy) for a structured supply arrangement and credit facility, effective February 21, 2014.