August 11, 2021
Start-up Retail Energy Supplier Announces Multi-Million Dollar Seed Funding
Branch Energy, which describes itself as a, "tech-powered, green energy provider," announced that it has raised $4.5 million in its seed round
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August 10, 2021
Texas Retail Provider Discloses Estimate Of Minimum Expected Proceeds From Uplift Financing Program
During an earnings call last week, Genie Energy executives reported that the company expects to receive a minimum of $1.5 million of relief under a Texas financing program which will compensate LSEs for exposure to certain eligible costs above the PUC-authorized system-wide offer cap
August 9, 2021
NRG Energy, Inc. Announces Proposed Offering of Sustainability-Linked Senior Notes
NRG Energy, Inc. announced that it intends to commence an offering of $1.1 billion in aggregate principal amount of senior notes due 2032 (the 'New Notes').
August 6, 2021
NRG Reports Retail Customer Count, Sales & Revenue Data
NRG filed a 10-Q for the period ending June 30, 2021 which includes customer and volume data for its retail business
August 5, 2021
Retail Supplier Contemplates Spinning Off International Suppliers, To Position U.S. Suppliers For Growth
In reporting earnings today, Genie Energy, Ltd. said that, "Genie is conducting a strategic review of its businesses in part to address the different investment profiles of its U.S. and European businesses and to enhance shareholder value across its operations."
August 5, 2021
NRG Reports Higher Adjusted EBITDA Excluding Uri Impact, On Direct Energy Acquisition
NRG Reports Impairment Losses Due To Planned Retirement Of PJM Assets
NRG Energy reported Adjusted EBITDA, (excluding Winter Storm Uri impacts), of $656 million for the quarter ending June 30, 2021, up from $574 million a year ago.
August 5, 2021
Vistra Reports Higher Retail Adjusted EBITDA, Increased Texas Residential Customer Count
Vistra Announces Evaluation Of Strategic Direction, Emphasis On Capital Allocation
Vistra, the parent of TXU Energy and several other retail energy brands, reported second quarter Adjusted EBITDA from its Retail segment of $510 million, $109 million higher than second quarter 2020 results of $401 million, "driven by the execution of Vistra's self-help initiatives following Uri."
August 4, 2021
Spark Energy Enters Agreement To Acquire ~50,000 RCEs
In reporting second quarter results, Spark Energy said that, subsequent to quarter end, Spark entered into an agreement to acquire ~50,000 RCEs
July 30, 2021
AltaGas Reports "Marked Improvements" In Retail Energy Marketing Business, Higher Margins From Stronger Pricing Environment (WGL Energy)
In reporting second quarter results, AltaGas Ltd. reported "marked improvements" in its retail energy marketing business due to, "a stronger pricing environment and improved power and gas margins."
July 21, 2021
Renewable Energy Company Provides Additional US$20 Million Royalty Financing To Retail Supplier Affiliate
Altius Renewable Royalties Corp. ('ARR' or the 'Company') announced that its jointly controlled subsidiary, Great Bay Renewables, LLC ('Great Bay') has closed a follow-on royalty investment of US$20 million with Apex Clean Energy ('Apex') related to Apex’s broad portfolio of wind, solar and energy…
July 13, 2021
Clean Energy Provider To Merge With Vehicle Sponsored By Real Estate Services Group CBRE, Go Public In $1.58 Billion Deal
Will Allow Clean Energy Company To Supply CBRE's Vast Network Of Managed Properties, Tenants
Altus Power, Inc. ("Altus Power" or "the Company"), which describes itself as a clean electrification company and which provides renewable energy solutions to customers, and CBRE Acquisition Holdings, Inc. ("CBAH") today announced a definitive agreement for a business combination that would result…
July 8, 2021
Retail Supplier Makes Strategic Investment In Data Center Colocation Provider; Also Named As Preferred Green Energy Supplier
Cyxtera, a provider of data center colocation and interconnection services, announced it has selected NextEra Energy Resources, LLC, as its preferred supplier of green energy.
June 28, 2021
Just Energy Reports Lower Quarterly Results Excluding Impact From Winter Weather Event
Just Energy reported results for the fourth fiscal quarter ending March 31, 2021 as well as the fiscal year ending March 31, 2021
May 26, 2021
Update: Large Just Energy Shareholder, DIP Lender Evaluating Strategic Alternatives For Just Energy, Engages Advisors
Earlier: Just Energy Group Provides Update On Creditors Arrangement Act Process
Pacific Investment Management Company LLC (PIMCO), which through various vehicles owns nearly 30% of Common Shares of Just Energy Group Inc., has filed an amended Schedule 13D with the U.S. SEC which reveals that PIMCO has engaged advisors to assist in a review and evaluation of strategic…
May 26, 2021
Update: Large Just Energy Shareholder, DIP Lender Evaluating Strategic Alternatives For Just Energy, Engages Advisors
Earlier: Just Energy Group Provides Update On Creditors Arrangement Act Process
Pacific Investment Management Company LLC (PIMCO), which through various vehicles owns nearly 30% of Common Shares of Just Energy Group Inc., has filed an amended Schedule 13D with the U.S. SEC which reveals that PIMCO has engaged advisors to assist in a review and evaluation of strategic…
May 12, 2021
Spark Energy CEO Says Winter Storm Opened Potential Acquisition Opportunities, Reduced Competitive Environment
Spark Working On Projects In Renewable Space, ESG Strategies
During a recent earnings call covering first quarter results (see prior story for results) , Spark Energy CEO Keith Maxwell said that the February winter weather event has opened up a number of potential acquisition opportunities, and has reduced the current competitive environment
May 7, 2021
NRG Reports Retail Customer Count, Sales & Revenue Data
NRG has filed a 10-Q for the period ending March 31, 2021 which provides various metrics on its retail business, including customer count
May 6, 2021
Genie Energy Reports Negative Impact From Texas Winter Weather Event, Q1 Results
In reporting first quarter 2021 earnings, Genie Energy Ltd. reported a negative impact of approximately $13.0 million from the winter weather event in Texas
May 6, 2021
Update: Spark Reports Decrease In Customer Count
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
May 6, 2021
Update: Spark Reports Decrease In Customer Count
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
May 6, 2021
NRG Reports Nearly $1 Billion Negative Impact From Winter Storm Uri For Q1; Total Impact Will Be Lower Over Time
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.
May 5, 2021
Exelon Reports Higher Negative Impact From Texas Winter Weather Event, In Reporting Q1 Earnings
In reporting earnings today, Exelon reported a higher negative impact, versus a prior estimate, of the negative impact from the Texas winter weather event
May 5, 2021
Bankrupt Retail Supplier Would Undergo Sale Process Under Proposed DIP Financing
Liberty Power Holdings, LLC (the 'Debtor' or 'Liberty') sought bankruptcy court approval to obtain DIP Financing from Boston Energy Trading and Marketing, LLC (BETM) or its designee or assignee (DIP Lender) in an amount equal to $4,000,000 on an interim basis, and thereafter in an amount up to…
May 4, 2021
Vistra Reports Nearly Half a Billion Negative Impact To Retail Segment From Winter Storm Uri
Reports Marginal Decrease In Total Retail Customer Count During Q1
Vistra reported Q1 2021 earnings in a 10-Q filed today.
April 30, 2021
AltaGas Reports "Strong Performance" In WGL's Retail Energy Marketing Business In Q1
In reporting increased first quarter earnings at the corporate level and its utilities segment (which includes its retail energy marketing business), AltaGas Ltd. cited as a driver for the improvement, "strong performance in WGL's Retail Energy Marketing business driven by higher demand, favorable…