December 9, 2015
License Briefs
Residents Energy Receives New Retail Supplier License
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Genie Energy
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November 5, 2015
Genie Retail Energy Sees Higher Earnings, Reports Customer Growth
Genie Retail Energy, the parent of IDT Energy among other brands, saw higher earnings during the third quarter of 2015, and continued to record net customer growth
October 29, 2015
License Briefs
Residents Energy Receives Supplier License in New State
September 11, 2015
Residents Energy Listing Offer In New Service Area
Residents Energy, a brand of Genie Energy, has begun posting offers for residential electricity supply at Duquesne Light at PA Power Switch
August 11, 2015
License Briefs
Major Energy applied for Ohio electric and natural gas supplier licenses to serve all customer classes in all service areas
August 7, 2015
Parent of IDT Energy Reports Retail Customer Growth
Genie Retail Energy, the parent of IDT Energy and several other retail energy brands, reported customer growth for the three months ended June 30, 2015.
August 6, 2015
Retail Supplier Parent Suspends Dividend On Common Stock
Genie Energy, the parent of IDT Energy and several exploration and production companies, announced today in reporting earnings that it would suspend the dividend on Genie Energy common stock to preserve cash resources for growth opportunities.
July 30, 2015
Retail Supplier CEOs To Address Industry Future at NYC Energy Marketing Conference
Energy Marketing Conferences announced that seven retail energy CEOs will address issues facing the industry at its September 10th Energy Marketing Conference in New York City
July 20, 2015
License Briefs
TXSU LLC applied for a Texas electric aggregator certificate to aggregate municipalities and political subdivisions. TXSU LLC, d/b/a Texas Solar Utilities, also registered as a power generation company, initially with a 9.9 MW system at the Crystal City, Texas airport and is engaged in solar project…
May 6, 2015
Genie Retail Energy Customer Count Slips on Colder Weather, Churn Steady
Genie Retail Energy, the parent of IDT Energy and several other retail energy brands, saw its customer count decline marginally during the three months ended March 31, 2015 on lower gross additions, which customer churn was steady versus the prior sequential quarter.
May 5, 2015
Retail Supplier Names New CEO
Genie Energy, parent of IDT Energy and several other retail energy brands, announced that Michael Stein has been named CEO of Genie Retail Energy, the operator of Genie Energy's retail energy provider business.
April 15, 2015
IDT Energy Offering New Home Services As Part of "Whole Home Solution"
IDT Energy, Inc. has expanded its service offerings with home warranty, appliance and personal electronics protection plans, customizable home and small business security options, and an array of options to guard against identity theft:
March 12, 2015
A Year After Polar Vortex, Retail Supplier Returns to Customer Growth
Genie Energy, parent of IDT Energy and several other brands, saw a net increase in its retail energy customer count since last year's polar vortex, it disclosed in reporting fourth quarter earnings.
November 12, 2014
Retail Supplier Parent Credits "Rapid Recovery" From Polar Vortex in Announcing Dividend
The Board of Directors of Genie Energy Ltd., the parent of IDT Energy, has initiated payment of a quarterly dividend to holders of its Class A and Class B common stock and declared a dividend of $0.06 per share for the third quarter of 2014.
November 6, 2014
IDT Energy Customer Count Stabilizes As Churn Returns to Normal Levels; Will Roll Out New Green Brand
The retail customer base of Genie Energy, parent of IDT Energy and new brand Residents Energy, essentially stabilized during the third quarter, as churn returned to normalized levels after the polar vortex.
August 8, 2014
With Another Quarter of Vortex-Driven Churn, Retail Supplier's Customer Base Decreases to 25% of Year-Ago Level
Although IDT Energy saw its net loss of customer accounts slow during the three months ended June 30, 2014, it still saw an elevated level of churn, and its customer base as of June 30, 2014 is 25% lower than its total as of June 30, 2013
July 21, 2014
New IDT Energy Subsidiary Seeks License in New State, To Further Market Segmentation
Residents Energy, LLC applied for a Pennsylvania natural gas supplier license to serve residential, commercial, and industrial customers in all service areas.
July 16, 2014
New Brand of Genie Energy Launches Retail Energy Offers in New York
Residents Energy, a new brand of Genie Energy, has begun offering retail electricity and natural gas to residential and business customers in New York.
July 15, 2014
License Briefs
Epiq Energy Receives Licenses in New State
May 16, 2014
Texas REP Reports Loss, Confirms Network Marketing Channel
Summer Energy Inc., the parent of Texas REP Summer Energy LLC, reported a net loss for the quarter ended March 31, 2014 of $1.0 million, versus the year-ago loss of $325,000.
May 9, 2014
IDT Energy Sees Loss of 36,000 Meters in Q1
IDT Energy saw a net decline of 36,000 meters from December 31, 2013 to March 31, 2014, it disclosed in reporting earnings this week.
May 9, 2014
Retail Exec: 'Entire Industry' Failed Customers During Polar Vortex; Says Wholesale Market Unable to Meet Peak At Reasonable Prices
"I believe that the entire utility industry, including electricity generators, energy distributors, and transport service companies failed the consumer," during this winter's polar vortex, IDT Energy CEO Geoff Rochwarger said during an earnings call this week.
May 1, 2014
License Briefs
MP2 Energy NE, LLC applied for an Ohio natural gas supplier license to serve all customer classes in all service areas. MP2 Energy said in its application that it currently bills over 14,000 meters every month, the vast majority of which are in Texas. MP2 Energy said that it serves a peak load of…
March 18, 2014
Retail Supplier Cites "Failure" of Wholesale Markets "To Meet Demand At Reasonable Prices", Warns on Customer Churn
"The failure of the wholesale markets to meet demand at reasonable prices," required IDT Energy to raise its rates significantly to cover these costs, as the company expects to record increased churn during the first quarter, it said in reporting full-year 2013 earnings
February 14, 2014
License Briefs
Guttman Energy Seeks Authority to Serve New Territories