April 27, 2021
BP Reports "Exceptional" Natural Gas Marketing & Trading Results From Q1, On Colder U.S. Weather
BP reported profit for the first quarter of 2021 of $4.7 billion, compared with a loss of $4.4 billion a year ago
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April 26, 2021
Updated With Reissued Retail Segment Guidance: Vistra Increases Estimate For Negative Financial Impact From Winter Storm Uri
Vistra provided some additional details in an investor call and presentation
April 22, 2021
Kinder Morgan Reports $1 Billion Positive Impact To Earnings From February Winter Storm
Kinder Morgan, Inc. reported a $1 billion positive impact to first quarter earnings from Winter Storm Uri
April 21, 2021
Just Energy Reports Higher Amount Due To ERCOT From Winter Weather Event Due To Resettlement Invoices
Just Energy Group Inc. ("Just Energy" or the "Company") announced today that the Company has received resettlement invoices from the Electricity Reliability Council of Texas ("ERCOT") for the week of February 15, 2021 in connection with the Texas extreme weather event in February (the “Weather Event…
April 13, 2021
New Texas-Based Venture Capital Fund Aimed At Energy Transition Launches, Names Retail Energy Exec As Advisor
Energy Transition Ventures (ETV) said that it, "has launched as the first venture fund in Texas exclusively dedicated to investing in energy transition technologies."
April 7, 2021
Shell Reports Amount Of Adverse Impact To Earnings From Texas Winter Event
Shell in a statement today said that, "The Texas winter storm had an impact on our operations and is expected to have an aggregate adverse impact of up to $200 million on Adjusted Earnings, individual segmental impacts are further detailed below."
April 5, 2021
Vistra, TXU Parent, Enters Upsized Loan Credit Agreement; Says Upsizing 'Prudent' In Light Of Winter Storm Uri
Vistra said in an 8-K filed on April 2 that it has entered into an upsized loan credit agreement.
March 23, 2021
Just Energy Commences Trading On The OTC Pink Market
Just Energy Group Inc. ('Just Energy' or the 'Company') today announced that it will commence trading on the OTC Pink Market as of today’s date under the ticker symbol 'JENGQ'.
March 19, 2021
Just Energy Enters Into Support Agreement With Its Senior Lenders; Receives Extension of Protection Under Companies' Creditors Arrangement Act
Just Energy Group Inc. ('Just Energy' or the 'Company') today announced that the Ontario Superior Court of Justice (Commercial List) (the 'Court') has, among other things, extended the Company’s protection under the Companies’ Creditors Arrangement Act (the 'CCAA') to June 4, 2021 (the 'Stay…
March 18, 2021
PPL To Acquire U.S. Utility With Electric, Natural Gas Choice Programs
PPL Corporation announced that it has entered into definitive agreements to sell its U.K. utility business, Western Power Distribution (WPD), to National Grid plc for £7.8 billion and, in a separate transaction, to acquire National Grid's Rhode Island utility business, The Narragansett Electric…
March 17, 2021
NRG Now Estimates $750 Million Loss From Winter Storm Uri; Withdraws Prior Financial Guidance
NRG Still Sees Opportunity To Get Additional Retail Customers
NRG Energy, Inc. today announced the Company is providing an interim financial impact update, "reflecting the unprecedented effect on the ERCOT system and settlement data from the winter storm."
March 16, 2021
Just Energy Provides Update On Listing Of Its Shares
Just Energy Group Inc. ('Just Energy' or the 'Company') today announced that it has given notice to the Toronto Stock Exchange (the 'TSX') that the Company will voluntarily delist its common shares from the TSX.
March 11, 2021
Genie Energy Suspending Dividend Due To Impact From Texas Weather Event
Genie Energy Ltd. announced that it has suspended its dividend as part of an effort to rebuild its cash position in the aftermath of the Texas weather event
March 10, 2021
Just Energy Announces Toronto Stock Exchange and New York Stock Exchange Have Commenced Delisting Proceedings
Just Energy Group Inc. ('Just Energy' or the 'Company') today announced that it has received notice from the Toronto Stock Exchange (the 'TSX') that a meeting of the Continued Listing Committee of the TSX is scheduled to be held on March 15, 2021 to consider whether or not to delist the securities…
March 9, 2021
Updated: Just Energy Receives Chapter 15 Bankruptcy Protection in U.S.; Judge Asserts Exclusive Jurisdiction Over Any Relief Sought By Governmental Entity Seeking To Take Action Against Just Energy Licenses Due To Bankruptcy Petition
Just Energy Receives Chapter 15 Bankruptcy Protection in U.S.; Judge Asserts Exclusive Jurisdiction Over Any Relief Sought By Governmental Entity Seeking To Take Action Against Just Energy Licenses Due To Bankruptcy Petition
March 8, 2021
FirstEnergy Names New CEO
FirstEnergy Corp., the ultimate parent of electricity broker FirstEnergy Advisors (FirstEnergy Home) and several distribution utilities, announced that Steven E. Strah has been named the Company's chief executive officer and a member of the Board of Directors, effective immediately.
March 8, 2021
Genie Energy Estimates Preliminary Impact of Winter Storm Uri in Texas, Notes Sufficient Liquidity
Discloses Texas Customer Count
Genie Energy today provided additional information on the financial impact to the company of Winter Storm Uri, which impacted the Texas electricity market in mid-February 2021.
March 4, 2021
Spark Energy Reports 20% Decline In RCEs From Sept. 30 To Dec. 31, 2020
Spark Seeing, "Increased M&A Opportunities"
In a 10-K, Spark Energy disclosed a nearly 20% decline in its residential customer equivalents (RCE) count from September 30, 2020 to December 31, 2020, as the company continues to shift away from lower margin C&I accounts and new customer additions were hampered by COVID restrictions
March 3, 2021
Spark Energy Expects "Significant Loss" From Texas Winter Weather Event, Though Ultimate Impact Uncertain Pending Settlement Data, Any Regulatory Action
Spark Reports "Sufficient Liquidity"
In reporting fourth quarter and full year 2020 earnings, Spark Energy said that it, "expect[s] the impact of winter storm Uri will result in a significant loss that will be reflected in our first quarter 2021 results of operations," but that the impact remains uncertain due to settlement data and…
March 1, 2021
NRG Says ERCOT Weather Event Impact Within Current Guidance Range
In reporting fourth quarter and full year 2020 earnings today, NRG Energy said that the estimated impact from the ERCOT winter weather event is expected to be within NRG’s current guidance range
February 26, 2021
Just Energy Updates Negative Impact From Texas Weather Event, May Be Significantly Reduced Based On Initial Settlement Data
Reports Fiscal Third Quarter 2021 Results
Just Energy Group Inc. announced its third quarter results for fiscal year 2021 and updated its previous announcement advising that management is continuing to assess the impact of the extreme cold weather experienced in the State of Texas commencing on or about February 13, 2021 continuing through…
February 26, 2021
Update: Vistra Reports Residential Retail Customer Growth
* This is a breaking news story. Check back for a full report on Vistra earnings later. You may need to refresh your page for the latest update
February 24, 2021
Updated: Exelon Evaluating "All Options" With Respect To ERCOT Business
Exelon To Spin-off Its Competitive Retail Supply, Generation Business Into Separate Company; Exelon Will Focus Solely On Regulated Utilities
February 23, 2021
Genie Energy Currently Estimates That Impact From Texas Weather Event Will Be Modest On Company-Wide Profitability
Genie Energy said on Feb. 22 that it, "continues to serve its 10,000 customers across Texas with no change in their rates under their current agreements despite the unprecedented price volatility in real-time electricity prices last week."
February 22, 2021
Spark Energy Reports "Ample Liquidity", Will Continue To Serve Customers In Texas, Nationwide
Spark Energy, Inc. ("Spark" or the "Company") said in an announcement that it, "wants to assure its customers that it is committed to serving and supporting its Texas customer base through this highly tumultuous time."