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September 6, 2019
Supplier Continues Voluntary Marketing Suspension, Will Issue $1 Million In Refunds
Verde Energy USA Ohio, LLC d/b/a Verde Energy would pay a forfeiture of $675,000, and withdraw from Dominion East Ohio’s Monthly Variable Rate (MVR) program (see explanation at bottom of story) for a period of one year, under a settlement with Staff of the Public Utilities Commission of Ohio
May 8, 2019
In seeking stay of a procedural schedule in a Public Utilities Commission of Ohio investigation proceeding, Verde Energy USA Ohio, LLC stated that it has voluntarily agreed to immediately take steps to cease marketing retail electricity and gas to Ohio residents and cease enrolling new retail…
May 2, 2019
Interstate Gas Supply, Inc. moved to intervene in a recently opened proceeding at the Public Utilities Commission of Ohio concerning alleged violations of various marketing rules by Verde Energy USA Ohio, LLC
April 24, 2019
In substantially similar motions to intervene in recently opened and separate PUCO investigations of PALMco Power OH, LLC d/b/a Indra Energy (PALMco) and Verde Energy USA Ohio, LLC the Office of the Ohio Consumers’ Counsel requested that the Public Utility Commission of Ohio suspend or rescind each…
April 17, 2019
The Public Utilities Commission of Ohio opened an investigation of Verde Energy USA Ohio, LLC's compliance with various market rules, as Staff alleged that the company engaged in misleading and deceptive practices
November 29, 2018
A non-residential customer complaint received by the Connecticut PURA alleges that Spark Energy, L.P. has informed the complainant, who is on a fixed rate contract, that Spark will be passing-through certain changes in ISO New England capacity costs
November 21, 2018
Verde Energy USA New York, LLC has submitted to New York Department of Public Service Staff responses to a Notice of Apparent Failure ("NOAF") dated October 24, 2018.
August 3, 2018
For the quarter ended June 30, 2018, Spark Energy, Inc. reported Adjusted EBITDA of $16.1 million, compared to Adjusted EBITDA of $20.0 million for the quarter ended June 30, 2017.
May 10, 2018
For the quarter ended March 31, 2018, Spark Energy, Inc. reported Adjusted EBITDA of $15.9 million compared to Adjusted EBITDA of $34.4 million for the quarter ended March 31, 2017.
March 8, 2018
Retains Financial Advisor To, "Explore Strategic Alternatives" Spark Announces Record Earnings
Note: This story was first published at 6:15 pm on March 8 with an alert to our email alert subscribers. Updated on March 9 With Financial Results
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.
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…
August 11, 2017
The State of New York Supreme Court, Appellate Division, Third Judicial Department has issued a temporary restraining order (TRO) under which the New York PSC is, "temporarily restrained and enjoined from enforcing or implementing," the PSC's order generally prohibiting ESCOs from serving assistance…
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 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 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 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
September 14, 2016
Verde Energy Texas confirmed to EnergyChoiceMatters.com that it purchased the customers of Texas retail electric provider Andeler Corporation d/b/a Andeler Power earlier this year
July 25, 2016
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 11, 2016
New York's Public Service Law (PSL) does not confer to the PSC ratemaking authority over ESCOs, and the PSC has not cited any case law supporting its reset order which the PSC has attempted to justify in part based upon its PSL obligation to ensure just and reasonable rates, the National Energy…
May 6, 2016
Staff of the Public Utility Commission of Texas have filed a motion for issuance of a default order which would revoke the REP certificate of TruSmart Energy, LLC, after the company did not respond to prior Staff petition for the revocation of the license
