May 6, 2021
Earlier: Spark Energy Reports Negative Impact From Winter Storm Uri, First Quarter Results
In a 10-Q, Spark reported that its residential customer equivalents ("RCEs") as of March 31, 2021 was 367,000
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May 6, 2021
Earlier: Spark Energy Reports Negative Impact From Winter Storm Uri, First Quarter Results
In a 10-Q, Spark reported that its residential customer equivalents ("RCEs") as of March 31, 2021 was 367,000
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May 6, 2021
NRG Names New EVP & CFO
In reporting quarterly earnings, NRG Energy ("NRG" or "the Company") said that, during the quarter ended March 31, 2021, Winter Storm Uri's financial impact was a loss of $967 million.
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May 5, 2021
--- Alleges "Duty" To Protect Customer Against "Foreseeable" Winter Weather Event Price Spike
The owner of a North Texas Harley-Davidson dealership has filed a lawsuit in Harris County, Texas, district court against Direct Energy Business, LLC and affiliates, alleging that, "Direct Energy price gouged AEHD when it excessively raised electricity prices," after the winter weather event in…
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May 5, 2021
A Texas Senate committee has reported favorably a substitute for SB 1279
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May 5, 2021
In reporting earnings today, Exelon reported a higher negative impact, versus a prior estimate, of the negative impact from the Texas winter weather event
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May 5, 2021
BP Energy Retail LLC has formally filed for an Option 1 Texas retail electric provider certificate
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May 5, 2021
Texas retail electric provider JP Energy Resources LLC recently acquired a book of customers from Iluminar Energy LLC
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May 5, 2021
A bankruptcy court approved the sale of Brilliant Energy LLC's residential customer book and related assets to Evolve Retail Energy LLC d/b/a Octopus Energy US, as described in our prior story below
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May 5, 2021
A bankruptcy court approved the sale of Brilliant Energy LLC's residential customer book and related assets to Evolve Retail Energy LLC d/b/a Octopus Energy US, as described in our prior story below
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May 4, 2021
The Texas Senate has passed a resolution (S.R. No. 342) which, "urge[s] the Public Utility Commission of Texas to significantly reduce the high system-wide offer cap and evaluate changes to the market structure."
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May 4, 2021
Reports Marginal Decrease In Total Retail Customer Count During Q1
Vistra reported Q1 2021 earnings in a 10-Q filed today.
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May 3, 2021
Bill Requires Customers To Have "Simple, Quick" Process For REP Complaints At Texas PUC
Last week, the Texas Senate passed SB 2194 which, among other things, includes new disconnection protections for customers of retail electric providers, including expansion of the conditions under which disconnections are prohibited, and other customer rights concerning the disconnection process and…
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April 30, 2021
Requires Three Renewal Notices To Be Sent Bans Wholesale Pass-Through Products For Small Customers; Also Requires "Signed" Affirmation From Large Customers To Take Such Products
The Texas Senate has passed an amended version of the House bill (HB 16), banning wholesale pass-through electric products, and the Senate version includes a new mandate that retail electric providers must serve customers, who do not make an affirmative choice at the time of renewal, under a…
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April 30, 2021
Vistra Is Watching Market, Don't Be Surprised By Retail Acquisitions In Next Year Or Two
During a call earlier this week updating investors on the impact to Vistra from the ERCOT winter weather event (see story here) , Vistra's chief executive officer Curt Morgan said that the company is "absolutely" interested in opportunistic retail growth
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April 29, 2021
Staff of the Texas PUC have filed proposed language for a scarcity pricing rule change to eliminate the 50-times fuel index price provision in the ERCOT market low system-wide offer cap (LCAP), such that the LCAP would be $2,000 per MWh and $2,000 per MW per hour
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April 29, 2021
Vistra and its family of retail electricity brands, which includes TXU Energy, announced that they, "are adding another tool to their suite of value-added products and services by treating eligible Texas customers to a free professional A/C tune-up and cleaning."
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April 29, 2021
OhmConnect, which to date has offered a customer-response program for residential energy use without acting as a retail load serving entity, confirmed to EnergyChoiceMatters.com that it will be launching a retail electric provider in Texas, and has named Texas market veteran Don Whaley as President…
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April 28, 2021
ERCOT in a market notice announced an adjustment to the Potential Uplift (PUL) Component of Total Potential Exposure (TPE)
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April 27, 2021
The ERCOT Board of Directors today announced the selection of Brad Jones to serve as interim President and CEO, effective May 4, 2021.
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April 26, 2021
BP has formed BP Energy Retail LLC and is applying for retail energy supplier licenses in several U.S. states
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April 26, 2021
Vistra provided some additional details in an investor call and presentation
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April 23, 2021
Everything Energy LLC, an affiliate of NRG Energy, has registered as a Texas electric broker
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April 23, 2021
A bankruptcy court has granted a motion, in its entirety, directing Liberty Power Corp. ('ParentCo' or 'LPC') to turn over all books, records, systems and processes of and related to the operation of Liberty Power Holdings (the 'Debtor' or 'Holdings'), which has filed for Ch. 11 bankruptcy…
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April 22, 2021
Kinder Morgan, Inc. reported a $1 billion positive impact to first quarter earnings from Winter Storm Uri
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