April 7, 2014
Lumens Energy to Acquire Retail Supplier
Lumens Energy Supply CT LLC is to acquire Aequitas Energy, Inc. under a proposed transaction
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Crius Energy
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March 27, 2014
Crius Energy Sees Slower Customer Growth
Crius Energy reported net growth of 5,000 customers from September 30, 2013 to December 31, 2013, it disclosed in reporting earnings.
March 27, 2014
Retail Supplier Names Former Just Energy SVP as EVP of Procurement, Pricing
Crius Energy Trust announced the appointment of Christian McArthur as Executive Vice President of Procurement, Pricing and Product Engineering.
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 20, 2014
Crius Energy and Frontier Communications Expand Partnership to Include Solar Services
Crius Energy and Frontier Communications announced today they have expanded their strategic partnership to offer solar power to residential customers.
February 28, 2014
Supplier of the Year, Most Innovative Supplier, Named at Energy Marketing Conference
Energy Marketing Conferences LLC's inaugural New York energy marketing conference held on February 27, named the "Most Innovative Energy Supplier", which went to the energy supplier with the most innovative marketing ideas, and the "Energy Supplier of the Year", which went to the energy supplier…
February 11, 2014
Parent of Retail Supplier Cuts Distribution by 30% Due to Extreme Weather, Pricing
Crius Energy Trust announced a February 2014 distribution of $0.0583 per unit, a 30% reduction from that paid in previous months.
February 11, 2014
Parent of Retail Supplier More Than Doubles Working Capital Facility
Crius Energy Trust announced that it has expanded its working capital facility with Macquarie Energy LLC from $25 million to $60 million, with the base interest rate remaining unchanged at LIBOR plus 5.5%.
February 11, 2014
Retail Supplier Sees M&A, Margin Opportunities Resulting from Challenging Market Conditions
In an investor call concerning its distribution cut and announcement of expanded working capital facility, Crius Energy CEO Michael Fallquist said that he sees three key opportunities arising from today's challenging market conditions
January 21, 2014
Crius Energy Co-Founder, Former MXenergy VP Launching Start-up Retail Supplier; Will Offer Efficiency Upgrades at No-Upfront Cost
A co-founder of Crius Energy and a former vice president at MXenergy are launching a new start-up retail supplier, Lumens Energy Supply LLC.
January 16, 2014
Trio of Retail Energy CEOs, Other Thought Leaders, to Address Pressing Issues at Inaugural Energy Marketing Conference
The Energy Marketing Conference released an initial list of key speakers and panelists for its inaugural retail energy conference to be held February 27 in New York.
January 10, 2014
License Briefs
Affiliate of Texas REP Receives Licenses in Northeast State
December 20, 2013
PUC Approves $86,000 Settlement with Retail Supplier
The Pennsylvania PUC has approved a settlement under which Public Power, LLC will pay a $64,000 civil settlement amount, plus issue customer refunds, to resolve alleged slamming violations stemming from a file transmission error.
November 21, 2013
Retail Supplier Names New President, Chief Strategy Officer
Crius Energy Trust announced that Meredith Berkich was promoted to the role of President of Viridian Energy. Berkich was previously Senior Vice President at Viridian.
November 19, 2013
Retail Supplier Warns ISO-NE Winter Pricing Will Drag Quarterly Results
"Near-term market conditions in our Northeast markets will likely impact our results in the first quarter," Crius Energy Trust CEO Michael Fallquist said during an earnings call last week.
November 15, 2013
Crius Energy Reports Slight Uptick in Customer Growth
Crius Energy reported a slight uptick in customer growth for the three months ended September 30, 2013.
November 15, 2013
Retail Supplier Establishes Presence in Physical Retail Stores
Crius Energy reported during its third quarter earnings call that it has established a presence at certain brick-and-mortar locations.
September 20, 2013
Briefly
ERCOT Issues Proposed Protocol Language for Operating Reserves Demand Curve
September 19, 2013
Group Formed to Oppose Opt-Out Municipal Aggregation
Updated 1:20 pm ET to reflect that Crius Energy, the parent of Viridian Energy, confirmed after this story was originally published that Crius Energy, Viridian, and Crius' other retail energy brands are not affiliated with Citizens Against Municipal Aggregation in any way
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
Retail Supplier Parent Crius Energy Names Retail Vets to COO, Finance Positions
Crius Energy Trust announced that several retail energy veterans have joined its management team.
July 12, 2013
Public Power Reveals Territories for Expansion
Public Power LLC has confirmed the territories into which it is expanding for electric service in Pennsylvania.
July 11, 2013
Crius Energy Retail Brands Expand Offerings, Add Markets
Crius Energy announced that two of its retail energy brands marked significant expansions of service and reach this month.
May 10, 2013
License Briefs
FTR Energy Services Receives Supplier License in New State
May 2, 2013
Briefly
FirstEnergy Solutions Expands ChamberChoice Residential Offering at PPL