August 23, 2013
Former Retail Energy Vice President Launching New Online Auction Energy Broker
A former Vice President of a retail energy supplier is launching a new online reverse auction energy broker, Energy Auction House Inc.
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August 23, 2013
NRG Energy Acquires Demand Response Provider, Broker
NRG Energy, Inc. announced that it has acquired Energy Curtailment Specialists.
August 22, 2013
Retail Supplier Names New CFO
BlueRock Energy, Inc. has appointed Jason Klaben as its new Vice President and Chief Financial Officer.
August 21, 2013
ABC Group The Energy Professionals Association Launching Northeast Chapter
The Energy Professionals Association (TEPA) will launch a Northeast chapter, after recently holding a special roundtable discussion in New York City for energy brokers, consultants and suppliers in the area.
August 21, 2013
Provider Power Leads Retail Supply Companies in 2013 Inc. 5000 Rankings
Retail supplier Provider Power, the parent of Electricity Maine and ENH Power, led retail supply-related companies in the 2013 Inc. Magazine 500/5000 rankings of revenue growth at private companies from 2009 to 2012.
August 16, 2013
Briefly
Syracuse.com: ESCO-Default Service Cost Comparison Tool Wrong, Erroneously Made Default Service Appear Cheaper
August 16, 2013
Pennsylvania Proposes to Impose Conditions on Licensing New Supplier Due to Affiliates' Complaint History
The Pennsylvania PUC issued tentative orders which would grant electric and natural gas supplier licenses to SFE Energy Pennsylvania, Inc., but which would impose various conditions on the licenses due to concerns about complaints against the company's affiliates in other jurisdictions.
August 16, 2013
New York Crackdown Continues: Show Cause Order Issued to Third ESCO Regarding License Revocation
The New York PSC said yesterday that it, "warned energy service company Buy Energy Direct LLC that it may revoke the company's eligibility to serve consumers in New York State."
August 14, 2013
Briefly
Tradition Energy to Manage Energy Purchasing Cooperative Covering 90,000 Public Agencies
August 14, 2013
FERC Subjects New York ESCOs to New Local Capacity Requirements
FERC has adopted without modification the New York ISO's proposal to create a new local capacity zone in the ICAP market, consisting of Load Zones G, H, I, and J (the G-J Locality), applicable to load-serving entities including ESCOs
August 14, 2013
Texas REP Undergoing Change in Brand
Texas retail electric provider Dynowatt is adopting the branding of its parent, with a forthcoming change in its brand to IGS Energy.
August 9, 2013
IDT Energy Sees Net Customer Churn Continue on Paused Expansion
IDT Energy reported a third consecutive quarter of net customer attrition, attributed to a pause in expansion to new markets and service areas.
August 7, 2013
Entrust Energy Launches Residential Service in New State
Entrust Energy has launched residential electric service in Pennsylvania.
August 6, 2013
FERC Issues Show Cause Order Seeking $28 Million Penalty for Alleged Market Manipulation
FERC issued an order to BP Energy Company and affiliates directing the companies to show cause why they should not be found to have violated section 1c.1 of the Commission’s regulations and section 4A of the Natural Gas Act.
August 6, 2013
Owner of Merchant Generation in Northeast Markets Sells Plants to Rockland Capital Affiliate
Maxim Power Corp. announced this morning that it has entered into an agreement to sell 100% of its ownership interest in Maxim Power (USA), Inc. to Patriot Power Holdings, LLC, an affiliate of Rockland Capital, for US$112 million including the assumption of US$22 million of debt, "resulting in sales…
August 6, 2013
Abest Power & Gas Offering Service in New Territory
Abest Power & Gas, LLC has begun offering residential electric service at Orange & Rockland Utilities in New York.
August 1, 2013
Direct Energy's Increased Scale Offsetting Lower Margins
Direct Energy yesterday announced operating profit of $255 million for the first six months of 2013.
July 31, 2013
AEG Retained by Retail Supplier to Engineer Strategic Business Combinations
The M&A Team of AEG Affiliated Energy Group announced today that it has been retained by a "mid-sized" retail electricity and natural gas provider (Energy Service Company or ESCO) seeking a well-capitalized purchaser of its business and certain related assets or counterparty to a strategic business…
July 31, 2013
Retail Supplier Plymouth Rock Energy Offering Residential Solar System with No Money Down
Retail supplier Plymouth Rock Energy announced that it is offering a home roof solar system to Long Island, New York residents with no money down.
July 30, 2013
Buyer Announced for Hess Energy Marketing Business (Including Retail Supply) in $1 Billion Transaction
Direct Energy Business, LLC, announced that it has agreed to acquire the New Jersey-based Energy Marketing business of Hess Corporation, for $731 million in cash plus net working capital, estimated at approximately $300 million.
July 29, 2013
License Briefs
Stand Energy Seeks to Serve Customers in New Service Area
July 29, 2013
New York Updates Electric Migration Data, Shopping Stagnant (or Falling) in Most Territories
The New York PSC has posted electric migration data through April 2013.
July 29, 2013
Pennsylvania Court: Single Product Can Meet Definition of "Prudent Mix"
A Pennsylvania court has affirmed that a default service portfolio containing only a single product -- in this case, spot market pricing -- can meet the statutory "prudent mix" standard required of default service plans.
July 25, 2013
Briefly
75% of TXU Customer Service Interactions Occurring Through Self-Service, Electronic Channels
July 25, 2013
Eligo Energy Listing Residential Offers in New State
Eligo Energy has begun listing residential electric offers for customers in New York.