September 14, 2021
Retail Supplier Names Energy Market Vet As Director, Pricing
Ryan Park has been named Director, Pricing at Diamond Energy
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September 10, 2021
Court Approves Sale Of 40% Of Bankrupt Retail Supplier's RCEs To NRG
Bankrupt Supplier Discusses Path Forward For Remaining RCEs, Potential POLR Drop
A bankruptcy court today approved the sale of a significant book of customers of Liberty Power Holdings, LLC (collectively, 'Liberty Power' or the 'Debtors') to NRG Retail, LLC, which had been previously designated as a stalking horse bidder
August 13, 2021
Texas PUC Staff Files Proposed Cost Allocation To REPs For Low-Income Customer List
Staff of the Texas PUC have proposed the amount of costs to be allocated to each retail electric provider for those REPs who have requested to participate in the matching process to receive a list of their low-income customers for the next fiscal year (fiscal year beginning on September 1, 2021)
June 15, 2021
Texas REPs Commit To Funding Texas Low-Income Customer List For New Fiscal Year
Several Texas retail electric providers have requested to participate in the matching process to receive a list of their low-income customers for the next fiscal year (fiscal year beginning on September 1, 2021.)
March 22, 2021
Retail Supplier Names New Senior Director, Risk Management
Ryan Ulk has been named Senior Director, Risk Management at MP2 Energy LLC
January 22, 2021
More ESCOs Deemed Eligible To Serve Mass Market Customers Under New NY PSC-Established Generic Products
New York Department Of Public Service Staff have issued more determinations that various ESCOs' compliance filings are in compliance with the Uniform Business Practices and the requirements set forth in the PSC's retail market reset order and that, therefore, Staff acknowledges that the ESCOs have…
August 21, 2020
Texas PUC Staff Propose Cost To Be Allocated To Individual Retail Providers For Provision Of Low-Income Sync List In FY 2021
Staff of the Public Utility Commission of Texas have proposed the individual amounts to be allocated to individual retail electric providers for provision of the low-income customer identification service for the State fiscal year beginning on September 1, 2020 (FY 2021).
July 24, 2020
Update #4: Direct Energy To Be Sold To NRG Energy In Multi-Billion Dollar Sale
Update: NRG Details Strategy Under Acquisition; Product, Geography Expansion; Pro Forma Customers, Volumes
May 26, 2020
NRG Retail Suppliers Seek New York Waiver To Offer Carbon Offset Natural Gas Product
Also Seek Approval To Offer Pending Green Gas Programs Proposed By Direct Energy
Green Mountain Energy Company ('Green Mountain'), Reliant Energy Northeast LLC d/b/a NRG Home and d/b/a NRG Business Solutions, Energy Plus Holdings LLC, Energy Plus Natural Gas LLC, Independence Energy Group LLC d/b/a Cirro Energy, XOOM Energy New York, LLC, and Stream Energy New York, LLC…
May 19, 2020
NRG Retail Suppliers Commit To Funding Portion Of Texas Low-Income Customer List For New Fiscal Year
The NRG Energy retail suppliers submitted to the Texas PUC a request for lists of low-income electric customers served by Everything Energy LLC (REP Certificate 10178), Green Mountain Energy Company (REP Certificate 10009), Reliant Energy Retail Services LLC (REP Certificate 10007), Stream SPE LTD…
October 17, 2019
Texas Retail Provider To Pay $145,000 Under Settlement With PUC Staff
XOOM Energy Texas, LLC would pay $145,000 under a settlement with Staff of the Public Utility Commission of Texas to resolve alleged violations of 16 Texas Administrative Code (TAC) § 25.474, concerning XOOM Energy's door-to-door enrollment practices from January 1, 2018 to January 12, 2019.
August 30, 2019
Texas PUC Sets Costs Assigned To Individual Retail Providers For Provision Of Low-Income Sync List
The Public Utility Commission of Texas adopted an order setting the specific individual amounts which will be allocated to individual retail electric providers for provision of the low-income customer identification service for the State fiscal year beginning on September 1, 2019 (FY2020).
August 22, 2019
Texas PUC Staff Propose Cost To Be Allocated To Individual Retail Providers For Provision Of Low-Income Sync List
Staff of the Texas PUC have proposed the individual amounts to be allocated to individual retail electric providers for provision of the low-income customer identification service for the State fiscal year beginning on September 1, 2019 (FY2020).
August 7, 2019
Updated: NRG Reports Lower Retail Mass Market Customer Count, Excluding Stream
Executed Approximately 1.3 GWs Of Solar Power Purchase Agreements In ERCOT
August 6, 2019
Utility Reports Switches To Default Service From Retail Suppliers Resulting From Utility Notice To Customers Of Incorrect Default Service Rates
United Illuminating has filed a report concerning customer response to a notice of incorrect default service rates that had been posted in May
July 29, 2019
Federal Appeals Court Reverses Dismissal Of Suit Over Retail Supplier Pricing, Specific Contractual Language Prompts Departure From Recent Precedent
The United States Court of Appeals for the Second Circuit has reversed a dismissal of a purported class action against XOOM Energy, LLC and an affiliate (defendants) over pricing, as the Second Circuit said that XOOM's contractual language differed from that in another retail supplier proceeding…
July 2, 2019
Update: Utility Reports Amount Of Retail Supplier Customers Charged Incorrect Rate (Some Higher) Due To Utility System Error
Files Proposed Letters To Affected Customers
Connecticut Light and Power (Eversource) has filed with PURA data concerning the number of retail supplier customers impacted by a CL&P billing system error which saw such customers of retail suppliers charged an incorrect rate, and also filed with PURA proposed letters to be sent to affected…
July 1, 2019
NRG, Direct Energy Retail Electric Providers Request Texas Low-Income Customer Sync List
NRG Energy and Direct Energy have filed, for various of their retail energy brands, separate requests with the Public Utility Commission of Texas for the provision of the low-income customer identification service for the State fiscal year beginning on September 1, 2019 (FY2020).
May 3, 2019
Updated: NRG Reports Retail Volumes, Drivers Of Economic Gross Margin Decrease
A 10-Q for NRG disclosed further details concerning earnings for the quarter ending March 31, 2019 (Q1 2019).
May 2, 2019
NRG Reports Lower Retail Adjusted EBITDA On Higher Supply Costs
Reports On Contribution From Margin Enhancement Program Reports Retail Customer Growth
In reporting earnings for the quarter ending March 31, 2019, NRG reported that its Retail segment posted Adjusted EBITDA was $153 million, $35 million lower than first quarter 2018 ($188 million), driven by higher supply costs, partially offset by cost reduction and margin enhancement initiatives…
March 1, 2019
Updated: NRG Discloses Organic Retail Growth
During an earnings call, NRG Energy disclosed further details on its customer growth
February 28, 2019
NRG Reports Retail Customer Growth
Announces Up To $600 Million Reserved To Achieve Investment Grade Metrics
August 2, 2018
NRG: "Always" Looking To Acquire Retail Books
Discussing second quarter earnings this morning, Mauricio Gutierrez, NRG Energy's President and Chief Executive Officer, said that NRG's Retail business had a "phenomenal" quarter, and said that the business is "always" looking to acquire retail books.
May 3, 2018
NRG Reports Higher Retail Earnings
NRG Energy reported that its Retail segment recorded Adjusted EBITDA of $188 million for the first quarter of 2018, $55 million higher than first quarter 2017, due to lower operating costs and higher gross margin with increased customer count, higher customer usage and favorable weather in 2018
March 28, 2018
NRG To Acquire Xoom Energy
During an analyst day yesterday, NRG Energy announced that it would acquire XOOM Energy for $210 million, including working capital and $6 million in transaction costs