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February 26, 2018
HIKO Energy, LLC has notified the Public Utilities Regulatory Authority that it will undergo a change of control in early March 2018, whereby Spark Holdco, LLC, the parent company of Spark Energy, LLC (Spark) will acquire 100% of the membership interest in HIKO, thereby effecting a change of control…
February 19, 2018
Pursuant to Conn. Gen. Stat. §§16-245o, 16-9, 16-245r, 42-110b and 16-41, the Connecticut PURA reopened the licensing docket of Spark Energy, L.P., "to review Spark’s compliance with §16-245d(a)(2) and the standards developed by the Authority in Dockets 14-07-19 and 14-07-19RE01, its ability to…
February 2, 2018
Stephen Brownell recently joined Life Energy, LS Power's retail supplier affiliate, as General Counsel & Vice President - Legal & Compliance
January 22, 2018
Spark Energy, Inc. ("Spark" or the "Company") announced today that is has updated its guidance on 2017 Adjusted EBITDA.
January 15, 2018
Spark Energy, Inc. ("Spark" or the "Company") announced today that the company and Verde Energy USA Holdings, LLC ("Verde") have agreed to terminate the earnout provisions of the purchase and sale transaction in which Spark acquired Verde’s operating subsidiaries in July 2017.
January 8, 2018
PowerLink Partners LLC announced today that it has acquired Trident Retail Energy Company, LLC (d/b/a Trident Power)
November 6, 2017
Spark Energy said in reporting earnings on Friday that it is under a letter of intent with a retail supplier counterparty active in the UK, Ireland, and Canada
November 3, 2017
Expands Credit Facility Sets Sight On Further International Expansion
For the quarter ended September 30, 2017, Spark Energy, Inc. reported Adjusted EBITDA of $19.6 million compared to Adjusted EBITDA of $20.3 million for the quarter ended September 30, 2016.
September 13, 2017
Says Process Should Proceed Based On Information Already Provided By Utilities
In a September 12 filing, New York Department of Public Service Staff disagreed with requests filed by several ESCOs, who had objected to Staff's interpretation that the process for returning Assistance Program Participant customers to utility supply should commence on September 25, and further said…
September 11, 2017
Several ESCOs filed individual requests with the New York PSC on Friday asking that the PSC direct the utilities to send updated lists of assistance program participant (APP) customers prior to starting the process of ending service to such customers, and also sought more time so they may comply…
September 6, 2017
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…
August 9, 2017
Several additional Texas retail electric providers filed with the Texas PUC formal requests for production and receipt of a list of their low-income electric customers for the state fiscal year beginning on September 1, 2017.
August 7, 2017
CEO Sees Multiples Increasing For Retail Acquisition Valuations
During an earnings call on Friday, Spark Energy disclosed that only a relatively small amount of its customer base is subject to the New York PSC's prohibition on ESCO service to low-income customers (absent a PSC-approved waiver for a guaranteed savings product)
August 4, 2017
Spark Energy, Inc. reported that for the quarter ended June 30, 2017, the company posted record Adjusted EBITDA of $20.0 million compared to Adjusted EBITDA of $15.7 million for the quarter ended June 30, 2016.
July 6, 2017
In an 8-K, Spark Energy provided further details concerning consideration paid in connection with its acquisition (accomplished through its subsidiary CenStar Energy) of Verde Energy, which recently closed, as RetailEnergyX.com reported yesterday
May 31, 2017
Frontier Utilities Northeast, LLC is exiting the New York market and is transitioning some of its New York customers to Spark Energy, LLC
May 25, 2017
Spark Energy, Inc. announced that its Board of Directors has authorized a share buyback program of up to $50 million of Spark Class A common stock.
May 23, 2017
Spark Energy, Inc. announced today that its Board of Directors declared a two-for-one stock split of its issued Class A and Class B Common Stock, to be effected in the form of a stock dividend.
May 22, 2017
Addressing a prior order to show cause, the New York PSC will allow Spark Energy, LLC and Spark Energy Gas, LLC (together, Spark, or the Company) to continue marketing to and enrolling residential and non-residential natural gas and electric customers, "as long as Spark abides by the procedural…
May 22, 2017
Spark Energy, Inc. announced today the closing of a new $120 million senior secured borrowing base credit facility (the "Facility" or the "Agreement") to replace the existing senior secured credit facility.
May 17, 2017
The Illinois Commerce Commission granted Vista Energy Marketing, L.P. an alternative retail electric supplier license to serve all customer classes at Commonwealth Edison
May 11, 2017
The Connecticut PURA has issued a Notice of Violation and Assessment of Civil Penalty against Perigee Energy, LLC, in the amount of $2,000, relating to Perigee's alleged failure to receive pre-approval for a license "transfer", and the deadline for notifying PURA of a change in corporate structure
May 11, 2017
The additional third party from which Spark Energy recently acquired customers, in connection with its acquisition of Perigee Energy, has been revealed.
May 9, 2017
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.
May 8, 2017
Spark Energy, Inc. announced that it has signed a purchase agreement to acquire Verde Energy, which Spark said is expected to add approximately 145,000 RCEs and $25 million in annual Adjusted EBITDA
