Spark Energy CEO Provides Outlook On New York Regulatory Process

During an earnings call, Spark Energy CEO Nathan Kroeker discussed, in response to an analyst question, the company's current view on retail market regulatory proceedings in New York

"Our view hasn't changed on New York in two years. We continue to work with a group of other large retailers, trying to get an audience with the Commission, with the Governor's office. At this point, the Commission has said they don't really want to do anything until the court process plays out. And we anticipate some time this summer we'll be able to get in there, enter into some sort of settlement negotiations with them. And when I say settlement, I'm talking about settling on what are the potential rule changes, not any sort of dollars. And by the end of the year, maybe early 2019, I anticipate a set of rule changes or disclosure requirements or other things that we are familiar with from other markets, and we'll adapt to it, and we'll continue to operate our business," Kroeker said

Kroeker also noted that New York is only about 15% of Spark's overall business, both top and bottom-line, and the company continues to focus on growing in other geographies.