August 28, 2013
Emera to Purchase Natural Gas Generation Facilities in New England
Emera Inc. has entered into an agreement to purchase three combined-cycle gas-fired electricity generating facilities in New England from Capital Power Corporation.
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Mergers, Acquisitions & Finance
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August 23, 2013
Energy Plus Enters "Asset Purchase Agreement" to Acquire Customer Accounts
Energy Plus Holdings LLC has entered into a transaction to acquire a book of customers from another retail supplier.
August 23, 2013
NRG Energy Acquires Demand Response Provider, Broker
NRG Energy, Inc. announced that it has acquired Energy Curtailment Specialists.
August 12, 2013
Just Energy: Not in Acquisition Mode
Having put all the pieces in place, Just Energy is not in acquisition mode and is instead focused on paying down debt, executives said in discussing earnings Friday.
August 8, 2013
Integrys Energy Services Sees Lower Unit Margins Offset by Volume; Strategic Inorganic Acquisitions Remain Part of Growth Strategy
Integrys Energy Services saw lower unit margins during the second quarter of 2013, though total margin was lifted by increased volumes, as executives also said that inorganic acquisitions remain a key part of Integrys Energy Services' growth strategy.
August 8, 2013
Crius "Confident" in Opportunity to Deliver on M&A Strategy
Crius Energy is "extremely confident" that it will deliver on its strategy of growing through acquisitions of other retail energy companies and books, CEO Michael Fallquist said during an earnings call yesterday.
August 7, 2013
Broker PowerOne Corporation Announces Acquisition
PowerOne Corporation of Chicago, Illinois, a broker, announced that it has agreed to purchase Power Equity, Inc. (PE), a competitive energy sales organization based in Garden Grove, California.
August 6, 2013
Dominion Retail Sells Customer Book
Dominion Retail, doing business as Dominion Energy Solutions, said that it has sold a book of retail energy supply customers.
August 6, 2013
Owner of Merchant Generation in Northeast Markets Sells Plants to Rockland Capital Affiliate
Maxim Power Corp. announced this morning that it has entered into an agreement to sell 100% of its ownership interest in Maxim Power (USA), Inc. to Patriot Power Holdings, LLC, an affiliate of Rockland Capital, for US$112 million including the assumption of US$22 million of debt, "resulting in sales…
August 1, 2013
Exelon: Retail Environment Remains "Challenging," Cuts Margin and Volume Outlook
Conditions in the competitive retail market are, "challenging," Exelon CEO Christopher Crane said on an earnings call yesterday, prompting Exelon to lower its margin and volume forecasts for retail.
August 1, 2013
AGL Acquires Retail Supply Customer Book
AGL disclosed in reporting earnings yesterday that its retail operations segment recently acquired a retail customer book in Illinois.
July 31, 2013
AEG Retained by Retail Supplier to Engineer Strategic Business Combinations
The M&A Team of AEG Affiliated Energy Group announced today that it has been retained by a "mid-sized" retail electricity and natural gas provider (Energy Service Company or ESCO) seeking a well-capitalized purchaser of its business and certain related assets or counterparty to a strategic business…
July 30, 2013
EDF, Citing Shale Gas, Exiting U.S. Nuclear Investments
Electricité de France, S.A. (EDF) has moved to exit its investment in Constellation Energy Nuclear Group LLC (CENG), its joint venture with Exelon.
July 30, 2013
EDF Trading Responds to Press Report Over Interest in Buying Bank's Physical Commodity Business
EDF Trading, a wholly-owned subsidiary of EDF S.A., issued the following comment in response to a statement made in today's Financial Times about it being interested in JPMorgan Chase & Co.'s physical commodity assets, as JPMorgan announced it is seeking a sale or other strategic alternative for the…
July 30, 2013
Buyer Announced for Hess Energy Marketing Business (Including Retail Supply) in $1 Billion Transaction
Direct Energy Business, LLC, announced that it has agreed to acquire the New Jersey-based Energy Marketing business of Hess Corporation, for $731 million in cash plus net working capital, estimated at approximately $300 million.
July 29, 2013
FERC Seeks More Info on Market Power Impacts from Dynegy Acquisition of Ameren Energy Resources
FERC Staff has requested more information from various Ameren subsidiaries and Dynegy concerning the market power impacts of the proposed acquisition of Ameren Energy Resources by Dynegy.
July 26, 2013
Calpine Exec: Low Gas Prices Will Separate "Men from the Boys," Drive M&A
The current low gas and power prices will drive asset divestitures and asset acquisitions in the generation sector, and will, "separate the men from the boys," Calpine CEO Jack Fusco said during an earnings call yesterday.
July 26, 2013
Texas REP Andeler Power Announces New Credit and Supply Facility, Names New EVP of Supply
Texas retail electric provider Andeler Corporation (d/b/a Andeler Power), announced that it has entered into a long term credit and supply facility with Vantage Commodities Financial Services, a joint venture between EDF Trading N.A. and VMAC LLC.
July 24, 2013
Retail Supplier Supreme Energy Acquires Customer Book
Supreme Energy, Inc. announced that it has entered into an agreement with Pro Energy Partners to acquire Pro Energy's Florida natural gas supply operations for an undisclosed sum.
July 23, 2013
Briefly
RG&E, Affiliates Find Buyer for Utility, Affiliate Power Plants
July 19, 2013
Spark Energy Revenues Reported in Affiliate's SEC Registration Statement
The 2012 revenues of privately held retail supplier Spark Energy have been disclosed in a registration statement filed with the SEC by affiliate Marlin Midstream Partners, LP
July 12, 2013
Direct Energy to Acquire Bounce Energy
Centrica plc’s North American subsidiary, Direct Energy, has agreed to acquire the privately-owned Texas-based electricity retailer Bounce Energy (“Bounce”) for $46 million (£30 million) in cash plus additional working capital.
July 10, 2013
Texas ALJs: Entergy/ITC Transaction, "Circumventing Some Of The Purposes Behind The Transfer To Competition"
Two Texas ALJs would deny the proposed transfer of Entergy Texas, Inc. to a subsidiary of ITC Holdings Corp. because, among other reasons, the transfer would, "circumvent[] some of the purposes behind the transfer to competition"
July 5, 2013
FERC Approves Toyota Purchase of Stake in N.J. Generation Asset
FERC approved CPV Shore, LLC's application for approval of various equity investments in the company's parent, including an investment by Toyota Tsusho Shore, LLC.
June 21, 2013
Vectren Sells Gas Marketing Business Supplying End-Users
Vectren Corporation announced that effective June 18, 2013, ProLiance Holdings, LLC has disposed of certain of the net assets, along with the long term pipeline and storage commitments, of its wholesale natural gas marketing subsidiary, ProLiance Energy, LLC, to a subsidiary of Energy Transfer…