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May 7, 2018
FirstEnergy Solutions said in response to a request for information from the Public Utilities Commission of Ohio concerning its operations during its bankruptcy that it plans to keep enrolling new customers
April 5, 2018
PUC Says It "Cannot Guarantee" FES Customer Contracts Won't Be Impacted By Bankruptcy
The Public Utilities Commission of Ohio initiated a proceeding to, "protect Ohio consumers from any adverse impacts due to the recent filing by FirstEnergy Solutions Corp. of a petition for reorganization under Chapter 11 of the United States Bankruptcy Code."
April 2, 2018
FirstEnergy Solutions (FES), its subsidiaries and FirstEnergy Nuclear Operating Company (FENOC) (together, the "Filing Entities") announced that, "to facilitate an orderly financial restructuring, they have filed voluntary petitions under Chapter 11 of the Federal Bankruptcy Code with the U.S.…
March 23, 2018
GenOn Energy, Inc. ('GenOn') announced today that on March 22, 2018, certain of its wholly owned subsidiaries entered into a Purchase and Sale Agreement ('Purchase Agreement') with Stonepeak Kestrel Holdings LLC ('Buyer'), a subsidiary of Stonepeak Infrastructure Partners ('Stonepeak'), pursuant to…
February 28, 2018
Platinum Equity announced that it has signed a definitive agreement to acquire GenOn’s Hunterstown power generation facility and related assets in a transaction valued at approximately $520 million.
January 31, 2018
U.K. regulator Ofgem announced that it has chosen Green Star Energy, whose ultimate parent is Just Energy, to take on supplying the customers of U.K. retail supplier Future Energy, which Ofgem said went out of business last week.
November 21, 2017
FES Says OCC Petition Based On Speculation And Conjecture
Requiring FirstEnergy Solutions to send its retail customers notices about a hypothetical bankruptcy filing that FES could potentially undertake in the future, "would needlessly instill fear and concern among FES customers and harm the CRES [competitive retail electric service] market," FirstEnergy…
November 7, 2017
"In light of recent statements by the corporate parent of FirstEnergy Solutions ('FES') that FES likely will file for bankruptcy at some point, the Public Utilities Commission of Ohio ('PUCO') should address in advance how FES's consumers will be protected if or when a bankruptcy filing is made,"…
October 30, 2017
During an earnings call on Friday, FirstEnergy CEO Chuck Jones said that the company's decision to transition to a fully regulated company, completely exiting the merchant business, would not change as the result of any outcome from a DOE-proposed NOPR at FERC which proposes various cost-based…
August 24, 2017
Texas PUC Commissioner Kenneth Anderson sent a letter to Oncor CEO Robert Shapard inviting Shapard, as well as Oncor's Chairman of the Board, Jim Adams, or another board member, to attend the PUC's August 31 open meeting to discuss various issues related to Oncor's proposed change-in-control and…
August 21, 2017
Sempra Energy today announced an agreement to acquire Energy Future Holdings Corp., the indirect owner of 80 percent of Oncor Electric Delivery Company, LLC
August 10, 2017
Constellation NewEnergy, Inc. is to acquire Aspirity Energy, LLC's retail customers, under a settlement filed in Aspirity Energy, LLC's bankruptcy proceeding.
July 31, 2017
FirstEnergy Corp. management is scheduled to have discussions with FirstEnergy Solutions (FES) creditors this week, FirstEnergy Corp. CEO Chuck Jones said during an earnings call on Friday
July 7, 2017
Berkshire Hathaway Energy, a subsidiary of Warren Buffett’s Berkshire Hathaway Inc., announced that it has executed a definitive merger agreement with Energy Future Holdings Corp. (EFH) under which Berkshire Hathaway Energy will acquire reorganized EFH and which will ultimately result in the…
February 23, 2017
FirstEnergy Corp. will consider "alternatives" for the retail supply business of FirstEnergy Solutions as part of its decision (first reported yesterday) to exit its competitive businesses by mid-2018, but FirstEnergy Corp. CEO Charles Jones told investors not to expect any announcement on the FES…
February 22, 2017
FirstEnergy said in reporting earnings that it has reached a decision to exit "competitive operations" by mid-2018
December 7, 2016
FirstEnergy's Allegheny Energy Supply Company LLC (AE Supply) unit has entered into a non-binding letter of intent, with an exclusivity provision which expires December 31, 2016, for the sale of its Springdale, Chambersburg, Gans and Hunlock gas-fired facilities and its ownership interest in the…
November 7, 2016
TCEH Corp., the parent of TXU Energy and Luminant announced a new name for the company: Vistra Energy Corp.
November 4, 2016
Says FirstEnergy Solutions Could Seek Bankruptcy Protection
FirstEnergy disclosed in reporting earnings today that it is engaged in a "strategic review" of its competitive business and is posturing options to "thoughtfully and expeditiously move away from competitive markets."
October 12, 2016
FERC issued an order requiring refunds resulting from the prior payment to Midwest Generation, LLC for reactive service from generating units which had been deactivated and therefore did not provide such service despite being paid for such service
October 4, 2016
TCEH Corp. today announced that it and certain of its subsidiaries, including operating businesses Luminant and TXU Energy, have emerged from Chapter 11 as a standalone company effected through a tax-free spinoff from Energy Future Holdings Corp.
September 23, 2016
Crius Energy Trust today announced the formation of a newly-created special purpose vehicle, Crius Solar Fulfillment, LLC ("Newco"), to serve as the debtor-in-possession ("DIP") lender and bidder for the purchase of certain residential solar installation assets (the "Solar Installation Assets") from…
August 8, 2016
Energy Future Holdings Corp. announced that Texas Competitive Electric Holdings Company LLC (TCEH) entered into DIP Roll Facilities which provide for up to $4.25 billion in financing.
August 8, 2016
Crius Energy Trust today announced the proposed acquisition by Crius Solar, LLC, a subsidiary of Crius Energy, LLC, of certain assets from SunEdison Inc., including SunEdison's proprietary residential solar lead-generation platform, customer lead databases, marketing materials and human capital.
July 29, 2016
NextEra Energy, Inc., the ultimate parent of Gexa Energy, announced a definitive agreement under which a newly formed subsidiary of NextEra Energy will acquire 100 percent of the equity of reorganized Energy Future Holdings Corp. (EFH) and certain of its direct and indirect subsidiaries, including…
