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November 19, 2020
Direct Energy is expanding services to its residential customers with more responsive, customized services for its U.S.-based residential customers, by providing actionable energy insights, customized plans, and an easier energy shopping experience.
November 18, 2020
An initial decision from a Pennsylvania ALJ would find that the provision of on-bill billing services by Met-Ed, Penelec, Penn Power and West Penn Power (FirstEnergy EDCs) for non-basic non-commodity products and services to themselves and their affiliates but not to other suppliers in their system…
November 9, 2020
Direct Energy Renewable Services has launched ChooseGreen for small businesses, under which Direct Energy Business is offering 100 percent renewable energy to customers across its U.S. footprint through a traditional retail supply contract that offsets all the customer's actual usage with renewable…
November 5, 2020
In reporting third quarter 2020 earnings today, NRG Energy provided an update concerning the financing of its previously reported agreement to acquire Direct Energy, which is pending final regulatory approval from FERC, with the updated financing plan no longer requiring new equity issuance
November 3, 2020
National energy advisory firm 5 announced the addition of energy industry veteran Chris Dillemuth to its team, as part of the company's strategic growth initiatives in the metro New York area, including at 5's regional brand, Luthin Associates.
October 29, 2020
Direct Energy Business, "announced today recent changes in its energy strategy to offer the benefits of battery storage in California."
October 13, 2020
Retail suppliers opposed several measures relating to the treatment of bundled products in draft Maryland rules for supplier consolidated billing (SCB), warning that such rules would jeopardize the success of the SCB program
October 9, 2020
EGSs Say Their Proposal Is Meant To Address Current, "Illegal And Discriminatory Treatment"
In a recently filed brief at the Pennsylvania PUC in the default service proceeding of Duquesne Light, Calpine Retail Holdings, LLC urged the PUC to reject a proposal from some retail electric suppliers to make Network Integration Transmission Services (NITS) a nonbypassable cost, with Duquesne…
October 8, 2020
The Pennsylvania PUC approved a petition from Metropolitan Edison Company, Pennsylvania Electric Company, Pennsylvania Power Company, and West Penn Power Company (collectively the FirstEnergy EDCs, FirstEnergy, or the Companies) for approval to modify the FirstEnergy Supplier Master Agreement (SMA)…
October 8, 2020
NRG Energy Inc. announced that, on October 7, 2020, the Company received notice from the Department of Justice and the Federal Trade Commission granting early termination of the Hart-Scott-Rodino (HSR) waiting period for its previously announced Direct Energy acquisition (story here)
October 8, 2020
The North Texas Municipal Water District (NTMWD) has chosen to extend and renew its relationship with Direct Energy Business (DEB) by executing an agreement to purchase both power and Renewable Energy Credits (RECs) from DEB.
October 6, 2020
Direct Energy has launched in Texas a new residential electric plan called Two Months of Free Energy 24, a new 24-month fixed price electricity plan for Texans that gives customers free power in January 2021 and January 2022.
September 22, 2020
Direct Energy has become an additional founding partners of Greentown Labs Houston, a clean tech startup incubator that will be located in midtown Houston.
September 14, 2020
Direct Energy, LP (Direct Energy), on behalf of itself as well as its affiliates First Choice Power, LLC and Bounce Energy, Inc. would pay $250,000 under a settlement with Staff of the Public Utility Commission of Texas to resolve alleged violations of 16 Texas Administrative Code (TAC) § 25.474…
September 8, 2020
After a year-long RFP process, the Washington Suburban Sanitary Commission (WSSC Water) has chosen Direct Energy Business as WSSC Water's renewable retail electric service provider
August 27, 2020
The Pennsylvania PUC today denied a petition from Direct Energy which had sought authorization for the resumption of various in-person marketing activities to non-residential customers, and also denied rehearing of its prior denial of a separate petition from IGS Energy which had sought…
August 26, 2020
Direct Energy said that it has launched Bounce Energy (Bounce), "a new residential energy advisory and concierge service that helps customers save money by finding and switching them to a better priced electricity and natural gas plan."
August 21, 2020
Staff of the Public Utility Commission of Texas have proposed the individual amounts to be allocated to individual retail electric providers for provision of the low-income customer identification service for the State fiscal year beginning on September 1, 2020 (FY 2021).
August 21, 2020
Staff of the Public Utility Commission of Texas have proposed the fees to be allocated to retail electric providers and other companies to cover the cost of broadcasting PUCT meetings online for FY 2021.
August 21, 2020
Centrica PLC’s Shareholders Approve Acquisition Of Direct Energy By NRG
NRG Energy, Inc. announced that NRG’s previously reported proposed acquisition of Direct Energy, a North American business owned by Centrica PLC, was approved on August 20, 2020 by the requisite vote of Centrica PLC’s shareholders at a general meeting of Centrica's shareholders.
August 12, 2020
The Maryland PSC granted Staff's request, discussed in our earlier story below, for an extension until September 22, 2020 for the supplier consolidated billing working group to file draft SCB regulations and business processes
August 11, 2020
Staff of the Maryland PSC sought an extension of the deadline to file draft regulations and business processes to govern supplier consolidated billing (SCB)
August 6, 2020
NRG reported Adjusted EBITDA of $574 million for the second quarter of 2020, versus $469 million a year ago
July 24, 2020
In providing a business update in connection with its announced agreement to acquire Direct Energy (story here) , NRG disclosed the capital allocated for small book acquisitions.
July 24, 2020
Centrica, the parent of Direct Energy, reported interim results for the six months ending June 30, 2020
