November 4, 2020
Updated: Spark Energy Names New CEO
Spark Energy Reports Higher Electricity Unit Margins, Offset By Lower Volumes
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November 4, 2020
Updated: Purchase Price For Acquired Retail Book Disclosed
Note: An earlier version of this story, concerning the acquisition of the Infinite/Veteran books and select customer and earnings data, was first posted at 6:50 a.m. ET; the story has been updated throughout
November 3, 2020
Updated: Constellation CEO Discusses Retail Business In Regards To Exelon Strategic Review
Exelon Confirms Strategic Review, Considering Separating Exelon Generation From Exelon Utilities
November 3, 2020
Updated: Constellation CEO Discusses Retail Business In Regards To Exelon Strategic Review
Exelon Confirms Strategic Review, Considering Separating Exelon Generation From Exelon Utilities
October 27, 2020
DTE Energy Announces Midstream Spin-off; Spin-off Does Not Include Retail Supplier, Wholesale Electric Supply Business
DTE Energy today announced that the Company’s Board of Directors has unanimously authorized management to pursue a plan to spin-off the DTE Midstream business ('Midstream') from DTE Energy.
October 26, 2020
Retail Supplier First Point Power Extends Credit/Supply Facility With BP Energy Company
Retail energy supplier First Point Power (FPP) announced a 2-year credit and supply facility extension of its existing facility with BP Energy Company, (BPEC).
October 21, 2020
Energy Services Provider/Broker Raises $7.8 Million To Expand Energy Efficiency Outsourcing Solutions Platform
Budderfly, a provider of Energy Efficiency as a Service which also operates as an electricity broker (story here) , today announced a $7.8 million equity funding round led by Balance Point Capital and Edison Partners with additional participation from Connecticut Innovations.
October 7, 2020
Former NRG Senior Director For M&A Among Founders Of New Renewable Generation Developer, Receives Backing From EnCap Investments
Triple Oak Power LLC ("TOP") announced today its formation, as well as underlying capital commitment from EnCap Investments L.P. ("EnCap"), a provider of equity capital to the independent sector of the U.S. energy industry.
October 7, 2020
BP Energy Partners Announces Equity Commitment To Provider Of Energy-as-a-Service, Behind-The-Meter Generation For C&I Customers
BP Energy Partners, LLC ("BPEP") has made an equity commitment to California-based Leading Edge Power Solutions, LLC ("LEPS" or the "Company"), a provider of dispatchable, behind-the-meter power generation solutions for commercial and industrial customers.
September 29, 2020
Vistra Announces New ERCOT Generation Developments Totaling 1,000 MW
Vistra Raises 2020 Financial Guidance, Announces Long-Term Capital Allocation Plan
Vistra, the parent of TXU Energy and various other retail energy brands, has launched Vistra Zero, a portfolio of zero-carbon power generation facilities, including seven new developments announced today in its primary market of ERCOT that total nearly 1,000 megawatts.
September 28, 2020
Just Energy Names New COO, CFO, & New Chief Commercial Officer
Just Energy Group Inc. announced changes to its senior management team
September 23, 2020
Just Energy Provides Expected Closing Date For Recapitalization Transaction, As It Receives FERC Approval
FERC issued an order approving the application of Just Energy Group Inc. (Just Energy), Just Energy (U.S.) Corp. (JEUS), Hudson Energy Services, LLC (HES), Just Energy Illinois Corp. (JEIL), Just Energy New York Corp. (JENY), Just Energy Pennsylvania Corp. (JEP), Just Energy Texas I Corp. (JET), and…
September 17, 2020
Just Energy Announces Update for Closing of Plan of Arrangement
Just Energy Group Inc. ('Just Energy' or the 'Company') today announced that it is only awaiting the approval of the Federal Energy Regulatory Commission ('FERC') to be able to close the Company’s previously announced plan of arrangement (the 'Plan of Arrangement').
September 3, 2020
Just Energy Receives Final Court Approval to Proceed with Recapitalization and Announces Subscription Offering Participation
Announces Litigation Settlement Related To Prior Acquisition
Just Energy Group Inc. ("Just Energy" or the "Company") announced that it has received the final court approval required to close the Company’s recapitalization plan (the "Recapitalization") and subscriptions totaling approximately C$52 million through the equity subscription option included in its…
August 28, 2020
With Renewed Focus On Commodity Business, Just Energy, "Continues To Actively Evaluate Optimal Strategy For Its Remaining Non-Core Operations, Particularly Value-Added Products"
Just Energy reported a 67% increase in Base EBITDA from continuing operations for the quarter ending June 30, 2020 (first quarter of fiscal 2021), at $40.5 million (all $ Canadian), versus the year-ago result of $24.1 million
August 27, 2020
Just Energy Announces Securityholder Approval Of Recapitalization Plan, Reconstituted Board of Directors
Just Energy Group Inc. ("Just Energy" or the "Company") today announced the approval of its recapitalization plan (the "Recapitalization") at special meetings of securityholders held earlier today.
August 26, 2020
Just Energy Announces Amendments to Recapitalization Plan, Support Agreements with Convertible Debenture Holders, and Updated Timing for Approval Votes
Just Energy Group Inc. ('Just Energy' or the 'Company') today announced updated terms for the Company’s proposed recapitalization plan (the 'Recapitalization') and commitments of support for the Recapitalization from holders of approximately C$68 million principal amount of the Company’s outstanding…
August 25, 2020
Just Energy Announces Postponement of Special Meetings of Securityholders and Annual General Meeting of Shareholders
Just Energy Group Inc. ('Just Energy' or the 'Company') today announced the postponement of its special meetings of securityholders and the Annual General Meeting of shareholders, "to enable the Company to continue ongoing discussions with certain of its debtholders."
August 24, 2020
Just Energy Announces Date Adjustment For Release Of Its First Quarter Fiscal 2021 Financial Statements
Just Energy Group Inc. ('Just Energy' or the 'Company') announced that, further to its previous announcement on July 29, 2020, it is postponing the filing of its financial statements comprising its interim financial report, and related management’s discussion and analysis for the Company’s first…
August 21, 2020
NRG Energy Announces Increase to Revolving Credit Facility Commitments
Centrica PLC’s Shareholders Approve Acquisition Of Direct Energy By NRG
NRG Energy, Inc. announced that NRG’s previously reported proposed acquisition of Direct Energy, a North American business owned by Centrica PLC, was approved on August 20, 2020 by the requisite vote of Centrica PLC’s shareholders at a general meeting of Centrica's shareholders.
August 19, 2020
Spark Energy, Inc. Announces Class A Common Stock Share Buyback Program
Spark Energy, Inc. ("Spark" or the "Company") announced that its Board of Directors has authorized a share buyback program of up to $20 million of Spark's Class A common stock, par value $0.01 per share (the "Class A common stock") through August 18, 2021.
August 13, 2020
Calpine Reports Commodity Margin For Retail Segment For Q2
Reports No Material Adverse Effect On Operations, Financial Condition Or Cash Flows From COVID-19
Calpine reported results for the quarter ending June 30, 2020 (second quarter)
August 12, 2020
Retail Suppliers, Brokers Included In 2020 Inc. 500/5000 Rankings Of Growth
Several retail suppliers and brokers were included in the 2020 Inc. Magazine 500/5000 rankings of revenue growth (as a %) at private companies over the past three years.
August 11, 2020
Just Energy Provides Date For Release of First Quarter Fiscal 2021 Results (Quarter Ending June 30, 2020)
Just Energy Group Inc. today confirmed that the Company will release operating results for the first quarter of fiscal 2021 (ending June 30, 2020) prior to market open on August 24, 2020.
August 10, 2020
Retail Supplier Expects "Modest" Rebound In Customer Acquisition During Third Quarter
In a 10-Q, Genie Energy reported that it expects a "modest" rebound in meter acquisition at its Genie Retail Energy (GRE) segment, which houses its U.S. retail energy suppliers, in the third quarter