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Finance & Earnings

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Just Energy Announces "Substantial Financial Impact" of Texas Weather Event Absent "Corrective" Action By Gov't; Estimates Loss Could Be Approximately $250 Million

Could Be Materially Adverse To Just Energy's Ability To Continue As A Going Concern

Just Energy Group Inc. ('Just Energy' or the 'Company') announced that it has, "updated its previous announcement that management is continuing to assess the impact of the extreme cold temperatures throughout the State of Texas (the 'Weather Event') on the Company, and cannot finalize its unaudited…

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Noting Potential For "Substantial" Impact From Balancing Power Supply At Very High Clearing Prices Due To ERCOT Weather Event, Just Energy Announces Delay in Filing Financial Statements, Application For Management Cease Trade Order

Just Energy Group Inc. announced today that it will miss its filing deadline of February 16, 2021 to file its unaudited interim condensed consolidated financial statements for the three and nine months ended December 31, 2020 (the 'Interim Financial Statements'), its management discussion and…

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International Retail Energy Supplier Social Energy Receives "Significant Investment" From Fund Manager, Which Will Support Expansion To North America

Social Energy Focuses On Retail Plans Which Optimize Solar/Storage Via AI, Hub & App

Social Energy, a retail energy supplier which offers an AI powered platform and energy storage service in the U.K. and Australia, and which is described as a renewable energy scale-up, has received a "significant investment" from fund manager CarVal Investors.

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Parent Of Retail Supplier Discontinuing Oil E&P Business

Genie Energy Ltd. disclosed today that operations at its only active project under its Genie Oil and Gas (GOGAS) segment are ceasing, and that the results of operations related to GOGAS will be treated as discontinued operations when reporting fourth quarter results.

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Retail Supplier Closes $15 Million Supply Facility

V3 Commodities Group Holdings, LLC ("V3") today announced that it has closed a $15,000,000 wholesale commodity supply and credit facility with Robison Energy (Commercial), LLC and Robison Energy, LLC (collectively, "Robison"), each a retail energy provider serving natural gas and electricity markets…

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NRG Sets Aside Capital For Future Small Retail Book Acquisitions

NRG Provides Update On Financing For Direct Energy Acquisition NRG Expects To Undertake Further Non-Core Asset Sales, Expects To Realize At Least $250 Million Net Proceeds

In reporting third quarter 2020 earnings today, NRG Energy provided an update concerning the financing of its previously reported agreement to acquire Direct Energy, which is pending final regulatory approval from FERC, with the updated financing plan no longer requiring new equity issuance

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Finance & Earnings News (Page 15) | EnergyChoiceMatters.com