September 8, 2021
Retail Supplier Acquiring Book Of Customers
Major Energy Services, LLC, a brand of Via Renewables (f/k/a Spark Energy), is acquiring a book of retail natural gas customers from CIMA Energy Solutions, LLC
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May 28, 2021
Update: Identity Of Book Being Acquired By Spark Energy Brand Revealed
Regulator's Staff Says That Variable Rate Contracts Cannot Be Assigned Under Statute
Starion Energy, Inc. and Major Energy Electric Services, LLC, a brand of Spark Energy, have filed a notice with the Connecticut PURA for the assignment of more than 18,000 Starion Energy electricity customers to Major Energy (as the customer count was stated in a PURA Staff filing)
February 24, 2021
PUC Approves Settlements With Two Retail Electric Providers (Civil Forfeitures Of $174,000; $115,000)
The Public Utilities Commission of Ohio (PUCO) adopted two settlements with retail energy suppliers
January 15, 2021
Retail Supplier To Pay $115,000, Also Provide Nearly $200,000 In Refunds, Under Settlement With PUC Staff
Major Energy Services LLC and Major Energy Electric Services LLC ('Major' or 'Company') and the Staff of the Public Utilities Commission of Ohio ('Staff') entered into a stipulation under which it will pay $115,000, plus provide nearly $200,000 in refunds, to resolve all of the issues identified by…
January 12, 2021
More New York ESCOs Seek Extension To Retail Market Reset Order Deadlines, Citing Pending DPS Staff Review of Re-applications, Contracts
CenStar Energy Corp. ('Censtar'); HIKO Energy, LLC; Major Energy Electric Services, LLC; Major Energy Services, LLC; Oasis Power, LLC d/b/a Oasis Energy; Spark Energy, LLC; Spark Energy Gas, LLC; and Verde Energy USA New York, LLC (together, the 'Spark Companies') requested from the New York PSC a…
May 27, 2020
More New York ESCOs Seek Waivers To Provide Green Gas Products
Several ESCOs applied at the New York PSC for a waiver and/or declaratory ruling to permit the companies to offer certain green gas products as Energy-Related Value Added products to mass-market natural gas customers
December 4, 2019
Retail Supplier Opposes Stipulation Between PUC Staff And Another Supplier To Resolve Investigation Proceeding, Seeks Modifications
Interstate Gas Supply has filed a brief opposing a stipulation between 2019, Verde Energy USA Ohio, LLC and Staff of the Public Utilities Commission of Ohio
August 19, 2019
Updated: Retail Suppliers Suspended From Marketing Under Settlements With Attorney General
Spark Energy, which now owns the Major Energy brand, provided the following statement: "Major Energy was purchased by Spark Energy subsequent to the allegations made by the IL Attorney General. Spark is focused on a culture of compliance for all its brands, including Major, and is pleased to put…
June 25, 2019
Retail Supplier Names Energy Market Veteran As CMO
Eliott Wolbrom has joined Alpha Gas and Electric as Chief Marketing Officer
April 10, 2018
Attorney General Files Suit Against Retail Electric Supplier, Alleges Charges Exceed Default Service By $2.5 Million
AG Says That, Through Lawsuit, "We Can Put This Bad Company Out Of Business"
Illinois Attorney General Lisa Madigan has filed a lawsuit against Major Energy Electric Services LLC (Major Energy), an alternative retail electric supplier (ARES), for what the AG's office alleged in a news release was, "misleading thousands of Illinois customers about the company’s costly…
September 6, 2017
Asset Management Firm Hires Former Retail Supplier CEO To Lead Acquisitions of Retail Energy Companies
GPB Capital, a New York-based alternative asset management firm focusing on acquiring income-producing private companies, has appointed Dan Alper, former CEO of Major Energy Services, LLC, as a Senior Advisor and part of the team to identify and execute potential acquisitions in the retail energy…
June 14, 2017
Non-party ESCOs Seek Withdrawal of NY PSC Subpoenas, Say Subpoenas Deficient, Not Authorized By Law
Counsel for three ESCOs filed separate motions for the New York PSC to withdraw subpoena duces tecum issued to the ESCOs, which are not parties to the PSC's mass market evidentiary review proceeding, as counsel for the ESCOs said that the subpoenas were deficient, and the PSC lacked authority to…
May 9, 2017
Spark Energy CEO: Not Seeing A Lot Of Competition For Book Purchases
Company Approaches 1 Million RCEs With Latest Acquisition
Spark Energy, which as previously reported announced yesterday that it had signed a purchase agreement to acquire Verde Energy, said that it is not seeing a lot of competition on some of its M&A transactions.
March 30, 2017
Update: Retail Supplier Transitioning Newly Acquired Customers To Multiple Brands
Perigee Energy, LLC, which as only reported by EnergyChoiceMatters.com will be acquired by Spark Energy effective April 1 , informed the New York PSC that, upon such acquisition, its customers will be transferred to several of Spark Energy's existing brands.
March 3, 2017
Spark Energy Sees Record Results, Reports Organic Growth
Spark Energy said that it saw record Adjusted EBITDA for the fourth quarter and year 2016.
November 14, 2016
Retail Supplier Plans To Acquire Additional Suppliers Opportunistically
Spark Energy said during an earnings conference call that it continues to identify additional acquisition targets which it will undertake opportunistically.
November 10, 2016
Spark Energy Raises Guidance, Reports Expanded Unit Margins
Spark Energy, Inc. raised guidance in reporting earnings yesterday.
August 24, 2016
Spark Energy, Inc. Closes Major Energy Acquisition
Spark Energy, Inc. announced that the company has completed its acquisition of the Major Energy retail suppliers.
August 11, 2016
Spark Energy Earnings Higher Due To Increased Unit Margins, Volumes
Spark Energy reported $11.5 million in Adjusted EBITDA for the quarter ending June 30, 2016, up from $5.4 million a year ago.
August 8, 2016
ESCOs Seek More Time To Drop Low-Income Customers To Default Service As Mandated By PSC Order
A group of ESCOs have petitioned the New York PSC for an extension to comply with the PSC's recent ordering which prohibits ESCO service to customers participating in utility low-income assistance programs (Assistance Program Participant, or APP)
August 2, 2016
Retail Supplier Closes Acquisition
Spark Energy, Inc. announced that the company has completed its acquisition previously reported of Provider Power
July 25, 2016
Breaking: NY Court Vacates Orders #1-3 Of NY PSC Retail Market "Reset" Order; But Says PSC Has Jurisdiction Over ESCO "Rates"
The Supreme Court for the County of Albany, NY has issued an order vacating ordering clauses #1-3 of the New York PSC's February retail market reset order
May 5, 2016
Spark Energy Reports "Record" Results on Consistently Strong Unit Margins
Spark Energy, Inc. reported "record" first quarter results, as the company continued to achieve enhanced margins in both its retail electricity and retail natural gas segments while producing improvements in attrition.
May 5, 2016
Spark Energy Acquires Multiple Retail Suppliers Encompassing 335,000 RCEs; CEO Hopes More Acquisitions To Be Done
Spark Energy is acquiring Major Energy and Provider Power under separate transactions, encompassing about 335,000 residential customer equivalents (RCEs)
April 20, 2016
Retail Supplier Bundling New Home Monitoring Service With Energy Offers
Major Energy will offer a Ring Video Doorbell at no cost to its customers when they sign up for energy service.