December 2, 2021
Talen Energy Corporation ("Talen") and its wholly-owned subsidiary Talen Energy Supply LLC ("TES") announced that TES has obtained a financing commitment led by GoldenTree Asset Management LP and Silver Point Finance, LLC for a new first lien facility in the aggregate amount of $788 million maturing…
Click for More
December 1, 2021
Just Energy Group Inc. ('Just Energy' or the 'Company') announced that Generac Holdings Inc. ('Generac') has closed its acquisition of ecobee Inc. ('ecobee'), including all of the ecobee shares held by Just Energy.
Click for More
November 11, 2021
Just Energy Group Inc. ('Just Energy' or the 'Company') announced that the Ontario Superior Court of Justice (Commercial List) (the 'Court') has, among other things, approved (i) the extension of the stay period under the Companies’ Creditors Arrangement Act (Canada) ('CCAA') to February 17, 2022…
Click for More
November 10, 2021
In reporting earnings for the three months ending September 30, 2021 (second quarter of fiscal year 2022), Just Energy reported net positive mass market RCE additions for the first time since the first quarter of fiscal 2019
Click for More
November 5, 2021
Vistra reported third quarter 2021 Adjusted EBITDA from the Retail segment of $65 million, $205 million higher than third quarter 2020 results (which saw negative $140 million in Adjusted EBITDA for the Retail segment), "driven by the execution of Vistra's self-help initiatives following Uri and…
Click for More
November 4, 2021
Genie Energy Ltd. reported that its Genie Retail Energy (GRE) segment generated record income from operations and Adjusted EBITDA of $19.7 million and $20.0 million, respectively, for 3Q21 compared to $12.2 million and $12.5 million in 3Q20
Click for More
November 4, 2021
In reporting third quarter earnings, Via Renewables, Inc. (formerly Spark Energy) reported that its total RCE count was 368,000 as of September 30, 2021, compared to 347,000 as of June 30, 2021
Click for More
November 4, 2021
During a quarterly earnings call today, NRG executives discussed its retail strategy for 2022.
Click for More
October 28, 2021
In reporting third quarter earnings today, AEP reported that its competitive Retail segment, within its Generation & Marketing segment, contributed 2 cents per share (about $10 million) less to operating earnings in the third quarter of 2021, versus the year-ago quarter
Click for More
October 28, 2021
In reporting third quarter earnings today, AltaGas Ltd. reported that its competitive retail supplier WGL Energy, "benefited from a strong price environment with higher gas margins in the Retail business[.]"
Click for More
October 22, 2021
Via Renewables, Inc. ("Via Renewables" or the "Company", formerly Spark Energy) announced an amendment and extension (the 'Amendment') of its senior secured credit facility (the 'Facility') and an extension of its $25 million subordinated debt facility with its majority shareholder.
Click for More
October 20, 2021
In reporting third quarter earnings today, NextEra Energy reported that the contribution from its customer supply and proprietary power & gas trading segment was 2 cents per share (about $39 million) higher year-over-year, "due to favorable market conditions in our retail supply and power marketing…
Click for More
October 16, 2021
At the request of the Investment Industry Regulatory Organization of Canada, Just Energy Group Inc. ('Just Energy' or the 'Company') announced today that, "the Company wishes to confirm that the Company’s management is unaware of any material change in the Company’s operations that would account for…
Click for More
October 15, 2021
Will Exit U.K. Market
Genie Energy Ltd announced that it has suspended the previously reported planned public offering and spin-off of its European retail energy supply business, Oriel Energy, "in light of the impacts of the extreme volatility in the United Kingdom's energy markets on the retail energy supply industry."
Click for More
October 12, 2021
Vistra Corp. (the "Company" or "Vistra") today announced a new $2 billion share repurchase program and the pricing of a private offering (the "Offering") of 1,000,000 shares of its 8% Series A Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock (the "Preferred Stock") to qualified…
Click for More
October 12, 2021
Names Former Netflix Corporate Planning Exec As CFO
Retail energy broker and electricity shopping website & platform WattBuy announced it has raised $10 million in additional investment for its Series A round of funding.
Click for More
September 27, 2021
Octopus Energy Group today announced, "a major strategic partnership with Generation Investment Management, a firm established in 2004 to back businesses driving sustainability and the fight against climate change, in a deal that valued the UK entech pioneer at $4 billion pre-deal, and up to $4.6…
Click for More
September 21, 2021
Talen Energy Corporation ("Talen") and its wholly-owned subsidiary Cumulus Growth Holdings LLC ("Cumulus Growth") announced today that, "they have taken additional steps forward in capitalizing and executing Talen's strategic transformation to a renewable energy and digital infrastructure growth…
Click for More
September 16, 2021
Just Energy Group Inc. ("Just Energy" or the "Company") announced today that the Ontario Superior Court of Justice (Commercial List) (the "Court") has, among other things, extended the stay period under the Companies’ Creditors Arrangement Act (Canada) ("CCAA") to December 17, 2021 (the "Stay…
Click for More
September 15, 2021
Notes Recent Executive Additions
Arcadia today announced a $100 million Series D funding round led by Tiger Global Management and the Drawdown Fund with participation from new investors Wellington Management, Reimagined Ventures (the family office of Alec Litowitz, founder of Magnetar Capital), Camber Creek, MCJ Collective, and…
Click for More
September 1, 2021
Priority Power Management, LLC (Priority Power) announced today a $250 million investment from funds managed by Oaktree Capital Management, L.P. (Oaktree) and other select institutional investors.
Click for More
August 17, 2021
Comcast Ventures, which as first reported by EnergyChoiceMatters.com earlier this month led a $4.5 million seed round of financing into Branch Energy , said that it can "lean on" Comcast's assets in achieving growth at Branch Energy
Click for More
August 17, 2021
Several retail suppliers and brokers were included in the 2021 Inc. Magazine 500/5000 rankings of revenue growth (as a %) at private companies over the past three years.
Click for More
August 16, 2021
Just Energy Grows Mass Market RCEs, Excluding Customers Lost Due To New Product Limits In New York Quarterly Results Lower On Decreased RCE Count, Investment In Digital Marketing
Just Energy reported results for the three months ended June 30, 2021 (first quarter of fiscal year 2022)
Click for More
August 12, 2021
Public Service Enterprise Group (PSEG) has entered into an agreement to sell its 6,750-megawatt fossil generating portfolio to newly formed subsidiaries of ArcLight Energy Partners Fund VII, L.P., a fund controlled by ArcLight Capital Partners, LLC for aggregate consideration of approximately $1.92…
Click for More