July 15, 2019
Vistra Energy and Crius Energy Trust ("Crius Energy") today announced the successful completion of the previously announced acquisition by Vistra of the business of Crius Energy.
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July 9, 2019
FERC Denies Argument Retail Supplier Customers With Early Termination Fees Are "Captive" For Purposes Of Merger Analysis
FERC has authorized the application of Vistra Energy Corp. to acquire Crius Energy Corporation.
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June 26, 2019
The District of Columbia PSC granted Working Assets Funding Service, Inc. d/b/a Credo Energy an electric broker license to serve residential and commercial customers
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May 10, 2019
Customer Count Decreases On Margin Discipline, Movement Away From Municipal Aggregation
Crius Energy Trust ("Crius Energy", the "Company", or the "Trust") today announced its financial results for the three month period ended March 31, 2019 (first quarter of 2019). All figures are in U.S. dollars unless otherwise noted.
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May 3, 2019
Vistra CEO Does Not Expect Further Retail M&A In 2019, Harder To Say Beyond This Year Vistra Sees A "Bit Of Attrition" In ERCOT Retail, Reports Customer Year-Over-Year Growth
Vistra Energy, the parent of various retail energy brands including TXU Energy and Dynegy, reported Adjusted EBITDA for its Retail segment of $257 million for the first quarter of 2019, up from $194 million a year ago
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April 1, 2019
Utility Expense Reduction (UER) has filed at the New York PSC to withdraw its eligibility as an ESCO
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March 1, 2019
Targets Achieving Investment Grade Rating, Says Will Help C&I Retail Business Provides More Data On Retail Customer Counts
During an earnings call yesterday, Vistra Energy CEO Curt Morgan said that Vistra is "fully prepared" to take any necessary legal action to defend its previously reported acquisition of Crius Energy should a hostile bidder attempt to disrupt the process.
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February 28, 2019
Texas Retail Provider Receives Authority To Use Name Milestone Energy
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February 28, 2019
Vistra Provides Amounts For Expected Synergies From Crius, Also Says Will Avoid $29M Of Organic Retail Growth Investment "Solid" Residential Margins Aid Improvement In Earnings
In reporting Q4 and full year 2018 earnings this morning, Vistra Energy reported a lower residential customer count in ERCOT versus Q3 2018
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February 20, 2019
Vistra Energy Announces Increased Purchase Price For Crius Energy Hike Follows Unsolicited Third Party Acquisition Proposal For Crius That Was Higher Than Original Price
Note: This story has been updated with additional detail, see the update below
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February 8, 2019
The Retail Energy Supply Association (RESA) today announced the election of its new officers and state chairs for 2019.
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February 7, 2019
Vistra Energy and Crius Energy Trust announced they have entered into a definitive agreement pursuant to which Vistra will acquire Crius Energy for cash consideration of C$7.57 per trust unit.
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December 20, 2018
Working Assets Funding Service, Inc. d/b/a CREDO Energy applied for a Maine electric broker license to serve residential customers at CMP and BHE. Currently, CREDO serves as an affinity partner for Crius/Energy Rewards. CREDO Energy also has a pending Delaware broker license application. CREDO also…
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November 15, 2018
In its Q3 earnings report, Crius Energy Trust disclosed the final purchase price for a book acquisition completed earlier this year
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November 14, 2018
Crius Announces Results Of Review Of Strategic Alternatives For Solar Business Crius Reports Lower Customer Count, Adjusted EBITDA
Note: This story was first published the evening of Nov. 14 with an alert to our email subscribers
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October 11, 2018
Teleios Commodities, LLC announced a "material investment" in Pulse Power, LLC, a Texas-based start-up retail energy provider.
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October 5, 2018
Crius Energy announced a new partnership with MPOWERD, Inc., a Benefit Corporation which, among other things, brings solar-powered lighting solutions to underserved communities without access to electricity
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September 17, 2018
Crius Energy Trust ("Crius Energy", the "Company" or the "Trust") announced that, "it is poised to exceed the high-end of its cost reduction guidance, with a run-rate in excess of $25 million in annualized cost reductions by the end of 2018."
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August 31, 2018
Seeks To Use Trade Names "Energy to Go"; "New Power Texas"
Start-up Pulse Power, LLC has applied for an Option 1 Texas retail electric provider certificate.
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August 14, 2018
New Credit Facility Improves Pricing, Trading Terms and Availability
Crius Energy Trust ("Crius", the "Company" or the "Trust") announced that it has combined its existing credit facilities into a single consolidated credit facility ("Credit Facility") for the Company's wholesale energy supply requirements with a limit of $140 million, and has added a syndicated…
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August 14, 2018
Retail Energy Vet Joins Company As Director, Client Relations
Utiliz LLC has applied for an Ohio electric broker/aggregator license to serve all customer classes in all service areas
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August 13, 2018
Purchase Price For Retail Book Acquisition Disclosed Will Divest Solar Business
Crius Energy reported Adjusted EBITDA of $16.0 million for quarter ending June 30, 2018 (second quarter of 2018), an increase from $14.1 million achieved in the second quarter of 2017, with the increase driven by the contribution from the previously acquired USG&E business.
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August 13, 2018
Consistent with its previously reported strategy to focus on higher-margin customer growth, Crius Energy Trust disclosed in a second quarter MD&A that it has, "decided not to pursue future municipal aggregations and we will be evaluating our options related to our portfolio of approximately 300,000…
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July 11, 2018
TriEagle Energy LP filed for an amendment to its Texas retail electric provider certificate to reflect a change in corporate officers and contact list. TriEagle is a unit of Crius Energy
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May 22, 2018
Note: This story was first published the evening of May 22 with an alert to our email subscribers
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