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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
The Pennsylvania Office of Consumer Advocate filed comments at the Pennsylvania PUC stating that, subject to conditions, the OCA does not oppose the petition of NRG Energy, Inc. for partial rescission of the PUC's March 16, 2020 Emergency Order establishing moratorium on in-person sales and…
October 22, 2020
NRG Energy, Inc. filed with the Pennsylvania PUC a new Petition for Partial Rescission of the PUC's March 16, 2020 Emergency Order prohibiting door to door and other in-person retail energy marketing during the pandemic.
October 15, 2020
A Pennsylvania ALJ has issued a recommended decision in PPL Electric's default service proceeding for the period June 1, 2021, through May 31, 2025
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
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 7, 2020
Triple Oak Power LLC ("TOP") announced today its formation, as well as underlying capital commitment from EnCap Investments L.P. ("EnCap"), a provider of equity capital to the independent sector of the U.S. energy industry.
October 5, 2020
NRG Energy today announced the appointment of a new Independent Director, Elisabeth (Lisa) Donohue, to its Board of Directors effective October 5, 2020.
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.
August 31, 2020
Various Texas TDUs said in comments to the Public Utility Commission of Texas that the Commission should not adopt a complete prohibition on utility ownership of electric vehicle charging stations, and urged flexibility for TDU ownership under certain circumstances
August 28, 2020
The NRG Energy retail suppliers have sought at the New York PSC an additional ninety (90) day extension, from the current October 9, 2020 compliance deadline, for certain Ordering Clauses contained in the New York PSC's retail market reset order, originally issued on December 12, 2019
August 26, 2020
Several ESCO groups warned the New York PSC that a proposed minimum $500,000 level for ESCO security, as proposed in a Department of Public Service Staff whitepaper, would preclude smaller retail suppliers from participating in the market
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 19, 2020
Also Names New VP Of Sustainability
NRG Energy, Inc. today announced the appointment of two new members of senior management to the organization.
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 7, 2020
Reports Retail Revenue, Volumes
In a 10-Q for the quarter ending June 30, 2020, NRG reported a decline in mass market customer count versus March 31, 2020
July 24, 2020
Centrica, the parent of Direct Energy, reported interim results for the six months ending June 30, 2020
July 24, 2020
Update: NRG Details Strategy Under Acquisition; Product, Geography Expansion; Pro Forma Customers, Volumes
July 15, 2020
In comments to the New York PSC in a COVID proceeding, the NRG retail companies ("NRG") said that the PSC should deny, for the utilities, deferred accounting for all but an extremely limited number of costs that were incurred in relation to the utilities’ strict compliance with governmental mandates…
June 29, 2020
Bank of America announced today a 10-year structured renewable energy agreement with Reliant, an NRG Energy company, for solar power in Texas
June 12, 2020
The Commonwealth Court of Pennsylvania has affirmed a decision from the Pennsylvania PUC which had, in a final order in a PECO rate case, denied a proposal from NRG Energy to re-allocate approximately $100 million in costs at PECO which NRG had argued are attributable to electricity default service…
June 5, 2020
Trafigura Trading LLC, a unit of the international physical commodities trader Trafigura Group, has registered as an ERCOT wholesale power marketer
June 3, 2020
The Public Utilities Commission of Ohio has issued a written order allowing retail suppliers, brokers and similar entities to resume in-store marketing activities, and to resume, by appointment only, in-person meetings with non-residential customers
