July 31, 2014
Dominion Retail *Natural Gas* Customer Count Drops by One-Third
Dominion Retail has lost one-third of the natural gas customers it was serving during the first quarter of 2014, according to Dominion's second quarter earnings report.
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July 31, 2014
Retail Supplier Open to "Opportunistic" Acquisitions, But Focused on Organic Growth
AGL Resources said during an earnings call this week that it remains open to "opportunistic" acquisitions to augment its competitive retail energy business, but that it is currently focused on organic growth after acquiring several books recently.
July 23, 2014
Levco Tech Marketing For New Supplier
Levco Tech is marketing for a new electric supplier in Connecticut.
July 10, 2014
State Requires Utility to Not Send Enrollment Notices in Contract Assignment Situation, Directs Further Study of Issue
The Maryland PSC granted a request from NRG Residential Solutions and directed Baltimore Gas & Electric to suppress "enrollment" notices that would otherwise be triggered and sent to customers of Dominion Retail which are being transferred to NRG after NRG purchased the Dominion Retail electric…
July 7, 2014
PSC Staff Recommend Change in Utility Enrollment Letter to Reflect Customers Assignment, Suggest Generic Investigation
Staff of the Maryland PSC have recommended that the Commission direct Baltimore Gas & Electric to change the language of a customer notice triggered by a change in a customer's electric supplier which currently is written as if the change is a new enrollment, but is still being produced and sent in…
June 18, 2014
Regulator to Require Notice of Customer Assignment to Inform Customers of Investigations into New Supplier
In what appears to be an uncommon, if not novel, requirement, a notice to be sent to customers of Hop Energy concerning the assignment of their contracts to Public Power must inform the customers of various regulatory actions taken against Public Power, the Connecticut PURA said in a June 17 letter…
June 17, 2014
Retail Supplier Sees Higher Attrition As a Result of Utility Welcome Letters to Inorganic Customer Acquisitions; Asks PSC to Cease Letters Since No 'Enrollment' Occurred
Citing an increase in attrition from utility enrollment notification letters sent to customers being served by a new supplier after the acquisition of a customer book, NRG Residential Solutions has requested that the Maryland PSC direct Baltimore Gas & Electric to cease issuance of such letters in…
May 27, 2014
Pennsylvania PUC Approves New Assignment of Costs to POR Discount Rate
The Pennsylvania PUC has approved the assignment of new costs to the electric purchase of receivables discount rate at PECO.
May 7, 2014
NRG Says Expanding Texas Retail Margins Made Company "Comfortable" With Significant Expansion Via Dominion Retail Book, Forecasts Book's Contribution
Expanding retail margins in Texas made NRG Energy "comfortable" with expanding its retail business so significantly in Texas through the acquisition of Dominion Retail's customer books, executives said during an earnings call yesterday.
May 6, 2014
NRG Reports 'Sustained' Retail Margins in Q1
NRG Energy said this morning that its retail business recorded "sustained" portfolio margins during the first quarter of 2014.
April 3, 2014
Briefly:
NRG Clarifies Disposition of Dominion Retail Electric Customers
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
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 26, 2014
Maine PUC Orders Six Retail Suppliers to Post Additional Security, Or Justify Current Level
The Maine PUC ordered six retail electric suppliers to post additional security, or provide updated sales data showing that their current level of security is appropriate.
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.
February 24, 2014
Retail Provider Withdraws as Default REP at Sharyland
Cirro Energy has withdrawn as a default retail electric provider at the Sharyland Utilities territories newly opening to choice on May 1.
February 20, 2014
Briefly
American Foundry Society Announces Partnership With Broker
February 12, 2014
Briefly
The Maine PUC disclosed that it designated NextEra Energy Power Marketing LLC as the supplier for 33% of the Standard Offer load for the residential and small non-residential class at Bangor Hydro-Electric and Central Maine Power, and that it also designated NextEra as the Standard Offer provider…
February 4, 2014
Dominion Confirms No Buyer Yet Selected for Competitive Retail Electric Book
Dominion confirmed to EnergyChoiceMatters.com that it has not yet selected a buyer for the competitive retail electric book of Dominion Retail
February 3, 2014
Dominion on Exit from Retail Electric Marketing Biz: "Doesn't Fit Our Business Model", Notes Lack of Assets to Match Book
Dominion ultimately decided to exit the competitive electric retail market because, "[i]t just doesn’t fit our business model," Tom Farrell, Dominion CEO, said on an earnings call Friday.
January 31, 2014
FLASH: Retail Supplier With 700,000 Electric Customers to Sell Electric Book
During an earnings call, Dominion said that margins have been shrinking for its competitive retail electric business, while the business has also been subject to increased volatility.
January 15, 2014
Retail Supplier Opposes "Anti-Competitive" Cost Recovery Proposal Filed by PECO
Recovering the costs of a tool allowing retail electric suppliers, with customer authorization, to look-up an account number remotely, in order to facilitate shopping decisions outside of the home, should not be done through an "anti-competitive" discount to the purchase of receivables discount rate…
December 24, 2013
New Hampshire Approves New Default Service Rates
The New Hampshire PUC approved new default service rates for large and medium commercial and industrial customers (Large Customer Group) at Granite State Electric for the period February through April 2014.
December 5, 2013
Parent Names New Senior Vice President for Retail Supplier
Dominion has announced a series of executive changes, including naming a new vice president for its retail group.
November 19, 2013
Retail Supplier Launches Direct Mail Campaign in Response to Nearly 40% Spike in National Grid SOS Rate
Dominion Retail d/b/a Dominion Energy Solutions has launched a new direct mail offer for residential electricity customers at National Grid in Massachusetts, noting the recent nearly 40% increase in the utility's basic service rate.